News

USA Rare Earth Hits Speed Bump As It Unlocks $1.6 Billion In U.S. Funding

Licensing

11:57 AM ET 06/03/2026

USA Rare Earth (USAR) has finalized a Commerce Department deal for up to $1.6 billion in funding for its rapid buildout of a rare earth supply chain from mining to finished magnets. Despite the deal moving forward, along with an equity stake and warrants for the federal government, USAR stock pulled back following recent gains along with MP Materials (MP)…