Source: CNBC
“USA Rare Earth shares rallied on Monday after the critical minerals startup announced that the Department of Commerce will take an equity stake. Commerce has issued a letter of intent that would provide USA Rare Earth with a $1.3 billion loan and $277 million in federal funding. USA Rare Earth will issue Commerce 16.1 million shares of common stock and 17.6 million in warrants. The U.S. government will have an 8% to 16% stake in the company depending on whether the warrants are exercised, according to a filing with the Securities and Exchange Commission.” (01/26/26)