USA Rare Earth will receive a combined $3.1 million in funding from the Commerce Department and private investors to ramp up domestic production of strategic metals.
Credit: Mark Rademaker/Alamy Stock Image
The U.S. Commerce Department will invest $1.6 billion in Oklahoma-based USA Rare Earth and take a 10% stake in the firm, the latest and one of the largest-yet Trump administration capital commitments to the burgeoning domestic critical minerals sector. USA Rare Earth operates an open pit mining...
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