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0.0385756676557863 -0.00140949554896143 0.0163204747774481 0.019272997032641 0.0192878338278932 0.0178041543026706 0.0578635014836796 -0.0267062314540059
Stock impact report

USA Rare Earth shares surge on $1.6 billion U.S. funding proposal [BNN Bloomberg (Canada)]

Trilogy Metals Inc. (TMQ) 
Company Research Source: BNN Bloomberg
The announcement followed a Reuters report over the weekend that the Trump administration was taking a 10 per cent stake in the miner as part of the debt-and-equity investment package. The move is the latest by Washington to deepen its presence in critical minerals, after last year's equity stakes in MP Materials Lithium Americas and Trilogy Metals USA Rare Earth said the letter of intent for the deal includes $277 million in proposed federal funding and $1.3 billion in a proposed senior secured loan under the CHIPS Act. The miner also said it had raised a private investment in public equity (PIPE) for $1.5 billion, anchored by Inflection Point. The PIPE deal, along with the proposed government investment, would bring the total amount to $3.1 billion. USA Rare Earth has been developing a mine in Sierra Blanca, Texas, with Texas Mineral Resources, that is slated to open by 2028. It has a magnet manufacturing facility in Stillwater, Oklahoma, which is expected to launch later t Show less Read more
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