Shares of USA Rare Earth Inc. (NASDAQ:USAR) are surging Friday afternoon, joining a broad rally across critical metal and mineral processing equities.
USA Rare Earth stock is surging to new heights today. Why are USAR shares rallying?
Department Of Energy Funding Announcement Sparks Sector-Wide Rally
The sector gained strong momentum Friday after the U.S. Department of Energy announced $500 million in funding for seven selected projects. The awards target the expansion of domestic critical mineral and material processing, battery manufacturing and recycling capacity.
Federal Energy Directives Align With Domestic Mining Mandates
