USA Rare Earth (USAR) $3.5B Financing Deals Prompt Higher Price Target from Cantor Fitzgerald

Group 1 - USA Rare Earth Inc. (NASDAQ:USAR) received a $1.3 billion loan and $277 million in federal funding from the U.S. Commerce Department, in exchange for issuing 16.1 million shares and 17.6 million warrants, giving the government an 8% to 16% stake depending on warrant execution [1] - The company completed a private investment in public equity (PIPE) financing, raising approximately $1.5 billion by issuing about 69.8 million shares at $21.50 per share, with plans to use the proceeds to accelerate its mine-to-magnet value chain development [2] - Cantor Fitzgerald raised its price target on USA Rare Earth Inc. to $35 from $28, maintaining an Overweight rating, noting that the recent capital access of about $3.5 billion could enable the company to focus on magnet production, potentially generating $1.2 billion in EBITDA by 2030 [3] Group 2 - USA Rare Earth Inc. is a domestic supplier of rare earth magnets and heavy rare earth elements, currently developing a vertically integrated domestic supply chain for rare earth element magnet production [4]