Investors: U.S. Department of Commerce, Inflection Point Ventures
USA Rare Earth received $1.6B from CHIPS Act ($277M grant + $1.3B loan) and raised $1.5B in private equity to fund permanent magnet manufacturing and rare earth mine development.
View article →Investors: U.S. Department of Commerce CHIPS Program, Inflection Point
Department of Commerce provided LOI for $1.6B ($277M direct awards, $1.3B senior loan) to support rare earth mining and NdFeB magnet manufacturing; USAR raised $1.5B PIPE led by Inflection Point to accelerate Stillwater facility commissioning and Round Top mine development.
View article →DOE funds magnesium smelter milestone, closing U.S. supply chain gap
DOE awarded $45.7M to 19 critical minerals projects including Big Blue Technologies' first commercial-scale U.S. magnesium smelter, addressing near-total import dependence.
DOE awards $45.7M to fix America's magnesium and rare earth gaps
The U.S. Department of Energy awarded $45.7 million across 19 critical minerals projects on May 19, targeting domestic processing capacity in magnesium and rare earth elements where the U.S. remains completely import-dependent.
USA Rare Earth starts first U.S. magnet factory in decades
USA Rare Earth commissioned commercial NdFeB magnet production in Oklahoma, backed by $1.6B in CHIPS Act funding, breaking China's 92% global manufacturing monopoly.
USA Rare Earth ships first domestic NdFeB magnets, backed by $1.6B CHIPS funding
USA Rare Earth commissioned its Oklahoma magnet factory in Q1 2026 with government and private backing totaling $3.1 billion, becoming the first integrated rare earth supply chain under U.S. ownership.
Critical Metals Seizes Greenland Rare Earth, Eliminates China Chokepoint
Critical Metals Corp. pays $835M to consolidate 100% of Tanbreez, Greenland's largest rare earth deposit, securing 75% offtake coverage and $120M EXIM financing—the first major Western supply chain breakout from Chinese HREE dominance.
USA Rare Earth Commissions First U.S. NdFeB Magnet Line, $1.6B CHIPS Backing
USA Rare Earth turned on its Stillwater, Oklahoma sintered magnet production line March 26, 2026, backed by $1.6B in CHIPS Act funding and a $1.5B private raise. The facility converts USAR from pre-revenue development into a live manufacturer.
USA Rare Earth commissions first U.S. NdFeB magnet line, 600 metric tons by 2026
USA Rare Earth began shipping sintered neodymium magnets from its Stillwater, Oklahoma facility in Q2 2026, the first commercial-scale domestic production line backed by $1.3B+ federal funding — directly confronting China's 90% global supply monopoly.