USA Rare Earth Announces Letter of Intent with the U.S. Government for Access to $1.6 Billion in Funding to Accelerate the Domestic Heavy Rare Earth Value Chain

Jan 26 (Reuters) - USA Rare Earth Inc USAR.O:

• USA RARE EARTH ANNOUNCES LETTER OF INTENT WITH THE U.S. GOVERNMENT FOR ACCESS TO $1.6 BILLION IN FUNDING TO ACCELERATE THE DOMESTIC HEAVY RARE EARTH VALUE CHAIN. CONCURRENTLY, USA RARE EARTH RAISES $1.5 BILLION IN PRIVATE SECTOR INVESTMENT.

• USA RARE EARTH INC - CHIPS PROGRAM LOI INCLUDES $277 MILLION FUNDING AND $1.3 BILLION LOAN

• USA RARE EARTH INC - USAR WILL ALSO ISSUE TO DEPARTMENT OF COMMERCE 16.1 MILLION SHARES OF COMMON STOCK AND ABOUT 17.6 MILLION WARRANTS

• USA RARE EARTH INC - FOR YEAR ENDED DEC 31, 2025, CO ANTICIPATES BOTH OPERATING EXPENSES AND OPERATING LOSS IN RANGE OF $56 MILLION AND $62 MILLION

• USA RARE EARTH INC: DOE WILL CONTRIBUTE TO DEVELOPMENT OF DIGITAL TWINS TO ADVANCE RARE EARTH ELEMENT SEPARATION TECHNOLOGIES