USA Rare Earth Inc

USAR

Market cap $6.25B

USA Rare Earth announced definitive agreements with the US Department of Commerce that provide access to up to $1.6 billion in funding under the CHIPS Act to support the development of a domestic rare earth supply chain. The agreements formalize an earlier announcement that the Trump administration would support a $1.6 billion debt-and-equity funding package for the company.

Definitive Agreements Trigger Access to Up to $277 Million in Federal Funding and Up to $1.3 Billion in CHIPS Senior Secured Loan Capacity to advance the only vertically integrated rare earth company in the U.S. across domestic heavy rare earth mining, processing and separation, metal, and magnet production

The U.S. Department of Energy said on Tuesday it has selected projects ​in Louisiana and Oklahoma for $134 million in funding ‌to extract rare earth elements from waste streams.

USA Rare Earth shares rose more than 4% on Tuesday after the company announced plans to build a $1.2 billion magnet manufacturing and refined metals facility in South Carolina. The project will expand domestic rare earth production capacity as the United States seeks to reduce reliance on Chinese supply chains.

The Commerce Department is set to decide on tariffs this month.

Blacksburg facility expected to create about 490 high-skill, high-wage manufacturing jobs and significantly expand the Company's global mine to magnet value chain By choosing South Carolina, USA Rare Earth is expected to have access to a robust incentives package including grants, tax credits and exemptions, a highly skilled advanced manufacturing workforce, and confirmed energy delivery to the new facility Facility is expected to contribute to USAR's planned domestic capacity of 10,000 metric tons per year of both magnets and heavy rare earth strip-cast, metal and alloy production, aligned with the Company's business plan and expected government financing BLACKSBURG, S.C., June 02, 2026 (GLOBE NEWSWIRE) -- USA Rare Earth, Inc. (Nasdaq: USAR) (“USA Rare Earth” or the “Company”), a rare earth, critical minerals and advanced materials company, today announced the selection of Cherokee County, South Carolina, as the site of a new magnet manufacturing and refined metals operation.

STILLWATER, Okla., June 01, 2026 (GLOBE NEWSWIRE) -- On June 2, 2026, William Robert Steele Jr., the Chief Financial Officer of USA Rare Earth, Inc. (the “Company”), will be presenting at the William Blair 46th Annual Growth Stock Conference at 11:20 a.m. Central Time. Following the conference, a replay of the presentation will be made available on the investor relations section of the Company's website at https://investors.usare.com/.

USA Rare Earth (NASDAQ:USAR) plans to invest more than approximately EUR175 million in France through 2030, expanding its metal, alloy and magnet-making operations in the country. The planned investment builds on the company's existing French initiatives, which include a Less Common Metals (LCM) rare earth metal and alloy production facility at Lacq and a strategic investment in Carester SAS alongside InfraVia Capital Partners.

USAR could secure up to $19.3M in DOE funding to advance a pilot rare earth separation facility and expand U.S. processing capacity.

This planned investment would support the accelerated growth of the French separation, metal, alloy and magnet making ecosystem This planned investment would support the accelerated growth of the French separation, metal, alloy and magnet making ecosystem