The U.S. Army Just Called China’s Bluff in the Rare Earth War

AI Summary

The U.S. Army has selected a company to build and operate rare earth processing facilities on an American military base, the first time such facilities are managed by the Army. The company recently secured $100 million in institutional financing and signed MOUs for rare earth feedstock agreements across several U.S. regions.

Just recently, in a span of about six weeks, one impressive company was selected by the U.S. Army to build and operate rare earth processing facilities on an American military base…the first time the Army has ever done this. That same company closed $100 million in institutional financing, giving it a war chest of roughly $130 million. It was also formally added to the Russell 3000 Index. And it locked in MOU’s for feedstock agreements covering billions of tonnes of rare earth-bearing material from sources across Wyoming, Appalachia…