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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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