The US government is investing $1.6 billion in USA Rare Earth, acquiring a 10% stake to support a local mine and magnet production facility. This move aims to bolster domestic rare earth production, with the company also securing $1 billion in private funding. The investment includes government shares and warrants, priced near the company's recent trading levels.
US govt to get 10% stake in USA Rare Earth, Trump admin's push for domestic production
Published 2 hours ago
Source: timesofindia.indiatimes.com
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