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Commerce · CHIPS Act
USA Rare Earth, Inc.
announced 2026-06-03
Stake size
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Agency
Commerce
Program
CHIPS Act
Commerce Dept awards $277M CHIPS Act funding for rare earth projects with equity component
The U.S. Department of Commerce has entered into a $277 million direct funding agreement with USA Rare Earth, Inc. under the CHIPS Act for multiple rare earth mining and processing projects. The agreement requires the company to make payments to the Department in the form of equity interests as specified in equity documents.
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