USAR USA Rare Earth, Inc.
Price Chart
Executive Summary
USA Rare Earth executed two major funding agreements with the U.S. Department of Commerce on June 3, 2026: a $1.3B loan guarantee (via FFB) and a $277M direct funding award under the CHIPS Act, supporting five rare earth mining and processing projects. The company must raise $2.7B in equity by end of 2027 to meet conditions.
Actionable Insight
Monitor equity raises and project milestone achievements. The funding provides a strong catalyst, but dilution risk from mandatory equity raises warrants close attention to capital markets activity.
Key Facts
- DOC guarantees up to $1.3B in FFB loans across five projects (Round Top, Stillwater Magnet, Stillwater Metal, Magnet 2, Metal 2).
- Direct funding award totals $277M: $132M for Round Top, $50M for Stillwater Magnet, $20M for Stillwater Metal, $60M for Magnet 2, $15M for Metal 2.
- Company must raise cumulative equity of $1.45B by Dec 31, 2026, $1.825B by Mar 31, 2027, and $2.7B by Dec 31, 2027.
- The funding de-risks capex for critical mineral supply chain, but significant equity raises needed to meet conditions.
Financial Impact
Up to $1.577B in combined government funding (loan guarantees + direct funding), approximately 23% of current market cap.
Risk Factors
- Failure to meet equity raise requirements could trigger defaults or clawbacks.
- Project completion delays could lead to clawback events and repayment demands.
- Substantial dilution from required equity issuances.
Market Snapshot
Documents Analyzed
This report is based on 2 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-064453 |
| Document: ea029340201ex10-1.htm | 0001213900-26-064453 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 11, 2026
1d ago
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Institutional Cluster
| $22.45 awaiting T+1 | awaiting T+1 | — | $21.99 (−2.05%) |
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Jun 11, 2026
1d ago
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Institutional Cluster
| $20.23 awaiting T+1 | awaiting T+1 | — | $21.99 (+8.70%) |
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Jun 8, 2026
4d ago
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144
| $22.70 awaiting T+1 | awaiting T+1 | — | $21.99 (−3.11%) |
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Jun 8, 2026
5d ago
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EFFECT
| $22.80 awaiting T+1 | awaiting T+1 | — | $21.99 (+3.55%) |
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Jun 5, 2026
7d ago
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S-3/A
| $26.66 awaiting T+1 | awaiting T+1 | — | $21.99 (+17.52%) |
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Jun 5, 2026
7d ago
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DEFA14A
| $27.05 awaiting T+1 | awaiting T+1 | — | $21.99 (−18.71%) |
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Jun 5, 2026
7d ago
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8-K
| $27.05 awaiting T+1 | awaiting T+1 | — | $21.99 (−18.71%) |
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Jun 3, 2026
9d ago
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8-K
| $27.98 $27.10 | ▼ −3.15% | ▼ −3.54% | $21.99 (−21.41%) |
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Jun 3, 2026
9d ago
|
Press Release
| $27.98 $27.10 | ▼ −3.15% | ▼ −3.54% | $21.99 (−21.41%) |
|
Jun 2, 2026
10d ago
|
8-K
| $30.70 $27.98 | ▼ −8.86% | ▼ −8.17% | $21.99 (−28.37%) |
US Market Status
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