USA Rare Earth Lands $1.6 Billion U.S. Funding; Shares Drop Anyway
USA Rare Earth shares fell 3.5% to $29.64 despite finalizing up to $1.6 billion in Commerce Department funding and loans for its $1.2 billion South Carolina rare earth magnet plant, as investors weighed execution risks, dilution from new shares and warrants, and the long timeline before operations begin in 2028.