USA Rare Earth, Inc. entered into agreements with the U.S. Department of Commerce for $1.6 billion in total funding, comprising $277 million in direct awards and $1.3 billion in loan guarantees for five rare earth projects. In connection with these agreements, the company issued 16,132,790 shares of common stock and a warrant for 17,600,584 shares at $17.17 per share to the Department of Commerce. The company is further required to raise additional equity of $375 million by March 31, 2027, and $875 million by December 31, 2027.
