USA Rare Earth Stock Soars As CEO In Talks With Trump Administration

Benzinga

USA Rare Earth shares jumped after CEO Barbara Humpton said the company is in close contact with the White House amid rising U.S. investment in critical minerals. The firm is developing a Texas mine and Oklahoma magnet plant as Washington backs Lithium Americas and MP Materials. Shares surged nearly 23% Thursday and another 8% after hours.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02USA Rare Earth shares rose in after-hours trading after CEO Barbara Humpton said the

00:06company is in close communication with the White House, according to CNBC.

00:10Humpton's remarks followed the Trump administration's 5% stake in Lithium Americas

00:14and the Defense Department's 50% stake in MP Materials.

00:18Shares jumped 23% during regular trading hours on Thursday and rose another 8% after-hours,

00:23nearly doubling year-to-date.

00:24USA Rare Earth is developing a Texas vine and Oklahoma Magna facility.

00:28CEO Barbara Humpton, back in the administration, deals with MP and Lithium Americas.

00:33She said the company is keeping officials updated as Washington invests to support the industry

00:37and reliance on China.

00:38For all things money, visit Benzinga.com.

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