The miner has brought in Cantor Fitzgerald, chaired by Brandon Lutnick, son of Secretary of Commerce Howard Lutnick, to lead efforts to raise over $1 billion.
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The United States is planning to inject $1.6 billion into Oklahoma-based miner USA Rare Earth
and will receive a 10% stake in the company, the Financial Times reported on Saturday, citing people familiar with the matter.
The government investment and a separate $1 billion private financing deal are slated to be announced on Monday, the report said.
The White House and USA Rare Earth did not immediately respond to Reuters’ request for comment.
Commerce Department takes equity stake in USA Rare Earth - UPI.com
USA Rare Earth Rallies After Trump Administration Acquires Stakes
Trump administration to invest $1.6bn for stake in rare earths firm
Usa, governo investirà 1,6 miliardi in società americana di terre rare
US to invest $1.6bn into rare earths group in bid to shore up key minerals
