USA Rare Earth's CEO provided rare insight in an interview with CNBC's Brian Sullivan into how the federal government plans equity stakes in mining companies.

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

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 Trump administration has acquired equity in several miners to cut dependence on China.

The deal is the Trump administration's latest attempt to reduce its reliance on China.

Critical minerals startup USA Rare Earth said that the Department of Commerce will give the company a $1.3 billion loan and $277 million in funding.

USA Rare Earth's CEO provided rare insight in an interview with CNBC's Brian Sullivan into how the federal government plans equity stakes in mining companies.