Core Insights - The U.S. is prioritizing the establishment of a domestic supply chain for critical minerals, particularly rare-earth magnets, to reduce reliance on China [1][2] - USA Rare Earth is a key player in this initiative, developing a vertically integrated supply chain from mining to production [2][3] Company Overview - USA Rare Earth has a market capitalization of $3.7 billion and its stock price has recently increased by 9.07% to $2.06 [3] - The company is constructing a 310,000-square-foot facility in Stillwater, Oklahoma, aimed at producing sintered neodymium-iron-boron magnets for various applications [4] Strategic Developments - USA Rare Earth has acquired Less Common Metals for $100 million in cash and shares, enhancing its capabilities in rare-earth metal production [5] - The Round Top Project in Texas, noted for its rich deposits of heavy rare-earth elements, is entering a pre-feasibility study phase, with potential production starting as early as late 2028 [6] Government Relations - The CEO of USA Rare Earth has indicated close communication with the White House regarding potential reallocation of $2 billion in CHIPS Act funds to support critical minerals [8]