Global Trade Alert
Global Trade Alert

United States of America: Letter of Intent providing USD 277 million in direct funding and USD 1.3 billion loan to USA Rare Earth

Announcement

26 Jan 2026

In January 2026, the United States Department of Commerce’s CHIPS Program Office announced a letter of intent to provide funding and a loan to USA Rare Earth. In June 2026, the Commerce Department announced the signing of a final award.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

03 Jun 2026

Revocation date:

No revocation date

Implemented: 03 Jun 2026
Equity stake In force

Recent update from 03 Jun 2026:

On 3 June 2026, the Commerce Department announced the signing of a final award for up to USD 277 million in federal incentives with USA Rare Earth (USAR) under the CHIPS and Science Act. The announ...

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Implemented: 03 Jun 2026
State loan In force

Recent update from 03 Jun 2026:

On 3 June 2026, the Commerce Department announced the signing of a loan agreement for up to USD 1.3 billion with USA Rare Earth (USAR) under the CHIPS and Science Act.

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