USA Rare Earth Secures $1.6 Billion Federal Boost to Bolster Domestic Magnet Supply Chain
Strengthening the Domestic Mineral Pipeline On June 3, USA Rare Earth finalized definitive agreements with the U.S. Department of Commerce to secure up to $1.6 billion in federal funding under the CHIPS and Science Act. This strategic investment, comprised of $277 million in direct incentives and $1.3 billion in senior secured loan capacity, is designed…