USA Rare Earth Secures Up to $1.6 Billion in U.S. Department of Commerce Funding; Shares Rise
USA Rare Earth has executed definitive agreements with the U.S. Department of Commerce that unlock up to $1.6 billion in federal financing tied to project milestones. Combined with recent private investment and earlier capital raises, the company says roughly $3.5 billion in committed capital now supports its plan to develop the Round Top heavy rar…