CHIPS loan agreement — USA Rare Earth (up to $1.3 billion)

Loan agreement for up to $1.3 billion to USA Rare Earth under the CHIPS and Science Act. Announced as an up-to-$1.3-billion senior secured loan in the CHIPS Program Office's non-binding letter of intent of January 26, 2026 and signed as part of the definitive agreement announced June 3, 2026, alongside up to $277 million in federal incentives (recorded separately as usare-chips-incentives-2026). The financing supports USA Rare Earth's Stillwater, Oklahoma magnet and metallization expansion and the Round Top Mountain mining and processing facility in Sierra Blanca, Texas. Tenor and pricing are not disclosed in the cited sources.

Facts on this page last re-verified Aug 11, 2026 — the oldest verification date among its current claims. How we verify.