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USA Rare Earth Secures $3.1 Billion in Public-Private Funding to Boost Domestic Production
USA Rare Earth Secures $3.1 Billion in Public-Private Funding to Boost Domestic Production
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BTCCSquare news:
USA Rare Earth's stock surged 14% after announcing a $1.6 billion proposed federal funding package and $1.5 billion private investment. The deal, including stock and warrant issuance to the Commerce Department, aims to reduce U.S. reliance on Chinese rare earth minerals critical for semiconductors, defense, and clean energy.
The funding accelerates the TRUMP administration's strategic mineral security agenda. Trade tensions with China have previously buoyed USAR shares, as policymakers prioritize domestic supply chains. The company's mine-to-magnet expansion could reshape critical mineral markets amid growing tech and energy demands.
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