The Department of Commerce’s CHIPS Program Finalizes Definitive Agreement With USA Rare Earth For Up To $1.6 Billion To Support The Company’s “Mine-to-Magnet” Strategy
The Department of Commerce’s CHIPS Program Office announced the signing of a final award for up to $277 million in federal incentives and a loan agreement for up to $1.3 billion with USA Rare Earth (USAR) under the CHIPS and Science Act.
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The Department of Commerce’s CHIPS Program Finalizes Definitive Agreement With USA Rare Earth For Up To $1.6 Billion To Support The Company’s “Mine-to-Magnet” Strategy | Startup Networx | Startup Networx