USA Rare Earth Stock Spikes as Traders Eye Washington Moves
USA Rare Earth shares rose 9.6% Tuesday, closing at $27.74 after the company was selected by the U.S. Department of Energy for up to $19.3 million in possible funding for a rare-earth separation pilot plant in Oklahoma. Trading volume reached 18.9 million shares, well above average. The funding is not yet final. The company remains unprofitable with ambitious expansion plans.