USA Rare Earth shares jump 20% as Commerce Department takes equity stake
CNBC·2026-01-26 12:14
USA Rare Earth shares rallied on Monday after the critical minerals startup announced that the Department of Commerce will take an equity stake. Commerce has issued a letter of intent that would provide USA Rare Earth with a $1.3 billion loan and $277 million in federal funding. USA Rare Earth will issue Commerce 16.1 million shares of common stock and 17.6 million in warrants. Its stock soared more than 20% in premarket trading after the announcement Monday.This is breaking news. Please refresh for updates ...