USA Rare Earth ($USAR) finalizes up to $1.6B U.S. government funding package for domestic rare earth supply chain

USA Rare Earth ($USAR) finalized definitive agreements with the U.S. Department of Commerce for access to up to $1.6B in support, including up to $277M in federal funding and up to $1.3B in senior secured loan capacity under the CHIPS Program. The funding is aimed at building out a domestic mine-to-magnet rare earth supply chain used in defense, chips, EVs, drones, satellites, and permanent magnets. Risks remain dilution, milestone-based funding, execution timelines, and whether government support turns into profitable production.

Source - [https://www.globenewswire.com/news-release/2026/06/03/3306022/0/en/usa-rare-earth-finalizes-definitive-agreements-with-u-s-department-of-commerce-unlocking-access-to-up-to-1-6-billion-to-advance-the-leading-rare-earth-value-chain.html?utm\_source=chatgpt.com](https://www.globenewswire.com/news-release/2026/06/03/3306022/0/en/usa-rare-earth-finalizes-definitive-agreements-with-u-s-department-of-commerce-unlocking-access-to-up-to-1-6-billion-to-advance-the-leading-rare-earth-value-chain.html?utm_source=chatgpt.com)