USA Rare Earth Secures $1.6 Billion in Federal Funding Through CHIPS Act
USA Rare Earth (USAR) has secured $1.6 billion in federal funding through the CHIPS and Science Act, bolstering its position as a key player in reshoring critical mineral supply chains for defense, clean energy, and semiconductor sectors. The company plans to expand domestic magnet production with a new facility expected online by 2028.
Tickers: $USAR
Topics: CHIPS Act federal funding manufacturing expansion rare earth minerals