The project is expected to create 490 jobs and will be supported by recently approved CHIPS Act funding. The U.S. government will become one of the company’s largest shareholders as part of the funding agreement.

The project is expected to create 490 jobs and will be supported by recently approved CHIPS Act funding. The U.S. government will become one of the company’s largest shareholders…

USAR stock reversed lower, sliding with other rare earth stocks, despite unlocking up to $1.6 billion in U.S. government financing.