The Trump administration is injecting $1.6 billion into USA Rare Earth (USAR), an Oklahoma-based miner, securing roughly a 10% stake in the company.
The funds will support USAR’s Round Top mining project in Texas and a magnet facility in Oklahoma, aimed at boosting domestic production of rare earth elements vital for EVs, wind turbines, electronics, and defense tech.
Shares surged on Monday, but came back to earth since (pun intended:). Should investors jump in now?
This post originally appeared at Money Morning.