USA Rare Earth stock jumps as DOE funding fuels growth optimism
Shares of USA Rare Earth USAR moved 8% higher on Thursday after the company was selected for potential funding from the US Department of Energy under its “Critical Materials Innovation, Efficiency and Alternatives” program, adding fresh momentum to a stock already benefiting from renewed interest in domestic rare earth supply chains. The funding package, which could total up to $19.3 million pending final negotiations, is intended to support the development of a pilot-scale rare earth element separations project aimed at strengthening US processing capacity for materials critical to energy, technology, and defense applications.