Trump Administration Invests $1.6B in USA Rare Earth (USAR), Takes 10% Stake

The Trump administration will acquire approximately 10% of USA Rare Earth LLC (USAR-US) as part of a combined $1.6 billion debt and equity investment to fund domestic rare earth mining and magnet manufacturing. The deal is scheduled to be announced Monday, January 26, 2026. Under the terms, the government will receive about 16.1 million shares and warrants to purchase an additional 17.6 million shares, both priced at $17.17 per share. This marks the latest in a series of U.S. government investments in critical minerals firms like MP Materials (MP-US) and Lithium Americas (LAAC-US). USA Rare Earth's Texas mining project is slated for 2028, with an Oklahoma magnet facility opening later this year.