U.S. to inject $1.6 billion into rare earths miner for 10% stake, FT reports | Metals Mine

  • U.S. to inject $1.6 billion into rare earths miner for 10% stake, FT reports

    From cnbc.com

    The United States is planning to inject $1.6 billion into Oklahoma-based miner USA Rare Earth and will receive a 10% stake in the company, the Financial Times reported on Saturday, citing people familiar with the matter. The government investment and a separate $1 billion private financing deal are slated to be announced on Monday, the report said. The White House and USA Rare Earth did not immediately respond to Reuters’ request for comment. The government would receive 16.1 million shares in the rare earths company, along with warrants for a further 17.6 million, both priced at $17.17, the report said. Washington ... (full story)

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