The Trump administration is poised to inject $1.6B into USA Rare Earth (USAR) in exchange for a 10% stake in the company, the U.S. government’s biggest investment in the rare earths sector so far, the Financial Times reported Saturday.
The federal government investment and a separate $1B private financing deal led by Cantor Fitzgerald are expected to be announced Monday, according to the report.
The government reportedly will receive 16.1M shares in USA Rare Earth (USAR) and warrants for another 17.6M shares, both priced at $17.17/share.
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