$1.6 BILLION: The deal that could RESHAPE US rare earth production

• USA Rare Earth secured up to $1.6 billion in direct funding from the U.S. Commerce Department, bringing total committed capital to approximately $3.5 billion.
• The company is developing all three links of the rare earth value chain: mining (Round Top, Texas, and Serra Verde, Brazil), processing (Wheat Ridge, Colorado), and magnet production (Stillwater, Oklahoma, and a new facility in South Carolina by 2028).
• USAR is facing a lawsuit from competitor MP Materials over alleged theft of proprietary magnet manufacturing technology, which USAR strongly denies, stating it will not delay production timelines.

USA Rare Earth (USAR) has finalized agreements with the U.S. Commerce Department, unlocking up to $1.6 billion in funding via the CHIPS Act. This capital will support the company's ambitious plan to build a complete mine-to-magnet rare earth supply chain in the U.S. and Brazil, aiming to reduce America's reliance on China for critical minerals.