Trump administration commits $1.6B to USA Rare Earth, taking 10% stake and $1.3B loan

As of January 25, 2026, the Trump administration is committing $1.6 billion to USA Rare Earth, blending a $277 million equity purchase with $1.3 billion in senior secured debt. The government will take NBSPtake a 10% stake via 16.1 million shares at $17.17 and warrants for 17.6 million more, while the company pursues over $1 billion in separate private financing.