The administration announced a $1.6 billion deal with USA Rare Earth. The firm also does business with Cantor Fitzgerald, which is run by the sons of President Trump’s commerce secretary.

The capital infusion will help USA Rare Earth advance its plan for a magnet manufacturing plant and a mine at a rare earth deposit in Texas called Round Top.

The investment aims to boost rare earth mining in Texas and magnet manufacturing in Oklahoma, part of a federal push to reduce reliance on China for critical minerals.

A Stillwater production plant will receive federal funding from the Trump administration, promoting the production of rare earth minerals in the United States. USA Rare Earth, a tech company that owns and operates a magnet manufacturing location in Stillwater and a mine in Texas,

A new West Midlands-based facility for separating and recycling rare earth magnets that will help to reduce the UK’s reliance on imports of rare earth metals, alloys, and magnets has been launched in Birmingham.

USA Rare Earth is up over 30% in 2026. Is now the time to buy before it takes off?

The Trump administration plans to provide USA Rare Earth with $1.6 billion in mostly loan financing to extract and process the materials and manufacture rare earth magnets. The non-binding agreement unveiled Monday also includes a roughly 10% equity stake,

For more than a decade we have been reporting on a radical idea from the University of Birmingham that makes recycling rare earth magnets a real possibility. Now that idea has left the laboratory and been developed into a commercial plant at Tyseley, on the outskirts of the city.