USA Rare Earth secures $1.6 billion in US government funding and $1.5 billion in private capital

USA Rare Earth Inc

USA Rare Earth announced a non-binding Letter of Intent with the US Department of Commerce providing up to $277 million in federal funding and $1.3 billion in senior secured loans under the CHIPS Act. Concurrently, the company raised $1.5 billion in private equity (PIPE) anchored by Inflection Point. Total committed capital across all raises reached approximately $3.5 billion, supporting the company's mine-to-magnet supply chain expansion including mines in Texas and the UK, processing capacity, and magnet production.