USA Rare Earth (USAR) just landed a massive vote of confidence from the U.S. government, and it couldn't have come at a better time.
- The Oklahoma-based critical minerals startup announced a transformative $1.6 billion deal with the Commerce Department that includes both federal loans and equity stakes.
- Combined with a heavily oversubscribed $1.5 billion private funding round, the company now has access to roughly $3.1 billion in capital to accelerate its mine-to-magnet operations.
