Last updated: 2026-01-29 22:27:30 ET
The new site will be capable of processing 2,000 tonnes of magnet material, with a planned expansion to 6,000 tonnes per year.
The administration announced a $1.6 billion deal with USA Rare Earth. The firm also does business with Cantor Fitzgerald, which is run by the sons of ...
The deal is the Trump administration's latest attempt to reduce its reliance on China.
The proposed investment comprises $277 million in federal funding and $1.3 billion in senior secured loan.
USA Rare Earth’s stock soars after a partnership with the Trump administration, which gives the rare-earth company access to $1.6 billion in funding...
These are the stocks posting the largest moves before the bell.
The capital infusion will help USA Rare Earth advance its plan for a magnet manufacturing plant and a mine at a rare earth deposit in Texas called Round Top.
It is an addition to Hearth Earth's surplus curry offer, which it serves in five locations across Oxford.
Reuters said the US government plans to make a separate $1 billion private investment, and both deals will be unveiled on Monday.
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