US Rare Earth Stock Rises on Federal Financing, Lifting Price Targets
USA Rare Earth's stock rose after a nonbinding letter of intent for about $1.6 billion in federal financing and $1.5 billion in equity, prompting analysts to lift targets—up to $45. The company aims to mine about 40,000 tons of ore daily and produce 10,000 tons of rare-earth magnets annually by 2030 to help meet U.S. demand.