The capital infusion will help USA Rare Earth advance its plan for a magnet manufacturing plant and a mine at a rare earth deposit in Texas called Round Top.

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.

Il governo statunitense acquisirà una partecipazione del 10% in Usa Rare Earth, una società mineraria quotata in borsa con sede in Oklahoma