Keep pulling the thread on Barbara Humpton.
USA Rare Earth announced a letter of intent with the Department of Commerce CHIPs program office for $1.6 billion in planned U.S. government funding.
USA Rare Earth is raising $1.5 billion in a PIPE investment from private investors.
USA Rare Earth acquired Less Common Metals, described as the only scaled producer of heavy rare earth metals, alloys, and strip cast for magnets outside of China.
The primary bottleneck in the critical minerals supply chain is the global concentration of processing capacity, not a scarcity of mineral resources.
Building a resilient and independent critical minerals supply chain is projected to cost trillions of dollars and take many years.
USA Rare Earth and French investor Infravia each made a 12.5% minority investment in Carister to scale its rare earth processing operations.
Recently discovered rare earth deposits in Brazil and Argentina are described as massive.
China has historically controlled over 90% of the supply for many critical materials required for technology and defense.
Latin America possesses the world's largest resources of lithium.
Venezuela has the potential to become a significant supplier of oil, gas, and minerals due to its historically underdeveloped mining sector.
The due diligence and letter of intent from the U.S. Department of Commerce encouraged private investors to fund USA Rare Earth.
Jose recommends that the United States build four to five separate critical mineral processing facilities to ensure supply chain resilience.