USA Rare Earth Shares Jump 17% After U.S. Government Funding Signal
RTTNews·2026-01-27 02:01

USA Rare Earth, Inc. (USAR) shares surged on strong volume, rising 17.27 percent, or 4.28,to4.28, to 29.05 on Monday, after its operating partner announced a significant step toward U.S. government-backed funding. The move follows news that Texas Mineral Resources Corp. said USA Rare Earth issued a letter of intent with the U.S. government for access to up to 1.6billioninfundingtoacceleratethedomesticheavyrareearthsupplychain.Thestockopenedsharplyhigherat1.6 billion in funding to accelerate the domestic heavy rare earth supply chain.The stock opened sharply higher at 30.52 versus a previous close of $24. ...

USA Rare Earth Shares Jump 17% After U.S. Government Funding Signal - Reportify