USA Rare Earth Secures Up to $1.6 Billion in Federal Funding for Supply Chain Expansion
USA Rare Earth (NASDAQ:USAR) has secured up to $1.6 billion in federal funding, including direct support and loan capacity under the CHIPS Act program, to expand its rare earth operations. The company plans to use this capital alongside private investments totaling approximately $3.5 billion for projects like Round Top in Texas, aiming for commercial production by 2028.
Tickers: $USAR
Topics: federal funding rare earth minerals supply chain expansion