“Trump administration to take 10% stake in USA Rare Earth in $1.6 billion deal, sources say”
January 26, 2026
“The Trump administration is taking a 10% stake in USA Rare Earth as part of a $1.6 billion debt-and-equity investment package aimed at helping the company develop a domestic mine and magnet facility, two sources familiar with the deal told Reuters…
USA Rare Earth has been developing a mine in Sierra Blanca, Texas, with Texas Mineral Resources — slated to open by 2028 and which has a magnet manufacturing facility in Stillwater, Oklahoma — that is expected to launch later this year…
The deal is the latest move by the Trump administration to move into the critical minerals space after taking equity stakes last year in MP Materials, Lithium Americas and Trilogy Metals…”