On May 28, USA Rare Earth rose 5.32% in regular trading, trading at $28.19/share, with trading volume of approximately $201 million.
On the news front, the company previously secured up to $19.3 million in funding under the U.S. Department of Energy's Critical Materials Innovation, Efficiency and Alternatives program. The funding supports development of a pilot-scale rare earth element separations project valued at approximately $50.5 million, including $31.2 million in non-DOE matched funding, aimed at boosting domestic processing capacity for materials critical to U.S. energy, defense, and advanced manufacturing supply chains.
Additionally, the Quad alliance — comprising the U.S., Japan, India, and Australia — announced plans to mobilize up to $20 billion in public and private capital to strengthen critical minerals supply chains, further lifting rare earth sector sentiment. Within the Diversified Metals & Mining sector, MP Materials Corp. rose 3.51%, CRITICAL METALS CORPORATION rose 3.11%, and HudBay Minerals rose 6.26%, reflecting broad industry strength that supported the stock's continued rebound.
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