Trump admin to invest $1.6bn in USA Rare Earth for 10% stake

The Trump administration is planning to invest $1.6bn in Oklahoma-based mining company USA Rare Earth in its latest and biggest deal, reported the Financial Times (FT), citing unidentifiable sources. In return, the US Government will receive a 10% stake in the company, as it continues efforts to onshore rare earth element (REE) projects. It will receive $16.1m in shares in the company and warrants for another 17.6m shares, both at a price of $17.17m, according to one of the sources. USA Rare Earth will ...