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Rare Earth Stocks Jump as USA Rare Earth Secures Access to $1.6B U.S. Funding, Raises $1.5B Private Capital

Rare earth stocks jumped in morning trading. $USA Rare Earth(USAR)$ rose 23%; $Trilogy Metals(TMQ)$ rose 9%; $American Resources(AREC)$ rose 7%; $Energy Fuels(UUUU)$, $Freeport-McMoRan(FCX)$, $Teck...

Rare Earth Stocks Jump as USA Rare Earth Secures Access to $1.6B U.S. Funding, Raises $1.5B Private Capital

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The Department of Commerce&#39;s CHIPS Program has provided an LOI covering a total of $1.6 billion, including $277 million in proposed federal funding and $1.3 billion in a proposed senior secured loan under the CHIPS Act. In conjunction with this announcement, USAR has raised a common stock PIPE in the amount of $1.5 billion anchored by Inflection Point with participation from large mutual fund complexes.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TECK":"泰克资源有限公司","LTBR":"Lightbridge Corporation","TMQ":"Trilogy Metals Inc.","LAC":"Lithium Americas Corp.","AREC":"American Resources Corporation","NB":"NioCorp Developments Ltd.","UUUU":"Energy Fuels Inc","FCX":"麦克莫兰铜金","USAR":"USA Rare Earth Inc.","TMC":"The Metals Company"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196671906","content_text":"Rare earth stocks jumped in morning trading. USA Rare Earth rose 23%; Trilogy Metals rose 9%; American Resources rose 7%; Energy Fuels, Freeport-McMoRan, Teck Resources, and Lightbridge rose 4%.USA Rare Earth today announced its entry into a non-binding Letter of Intent (the LOI) with the U.S. Department of Commerce and a collaboration with the U.S. Department of Energy (DOE). The Department of Commerce's CHIPS Program has provided an LOI covering a total of $1.6 billion, including $277 million in proposed federal funding and $1.3 billion in a proposed senior secured loan under the CHIPS Act. 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