USA Rare Earth has finalized agreements with the US Department of Commerce that provide access to up to $1.6 billion in funding, including $277 million in federal incentives and $1.3 billion in CHIPS Act loan capacity. The funding will support the company’s strategy to build a fully integrated U.S. rare-earth supply chain spanning mining, processing, metal production, and magnet manufacturing.
The investment will help develop the company’s Round Top rare-earth project in Texas, expand processing and magnet production facilities, and strengthen domestic supplies of critical minerals used in semiconductors, defense systems, electric vehicles, and advanced technologies. Combined with previous fundraising, USA Rare Earth now has approximately $3.5 billion in committed capital to advance its “mine-to-magnet” strategy.
