"The French government will provide substantial subsidies for the project, covering 45% of eligible equipment costs and €130 million for real estate expenses, added Investing.com."
"Fluor and WSP are key partners with the experience and expertise required to move Round Top toward commercial delivery, said Alex Moyes, Vice President of Mining & Processing at USA Rare Earth, as noted in a press release."
"Their teams know how to deliver complex mining and processing projects, and that matters as we work to bring a secure, domestic supply of heavy rare earth elements, inclusive of yttrium, into production, along with critical technology metals such as hafnium, zirconium, and gallium."
"Rare earth magnets are one of the most strategically important components in advanced technology systems spanning defense and commercia"
USA Rare Earth shares rose about 20% with volume spiking to 14 million versus an 11.1 million daily average. Benchmark assigned a buy rating with a $15 price target. USA Rare Earth plans a 1,600-metric-ton-per-annum oxide processing facility in Lacq scheduled for late commissioning, and the French government will provide subsidies covering 45% of eligible equipment costs plus €130 million for real estate. USA Rare Earth selected Fluor Corp and WSP Global as EPCM partners for the Round Top project in Texas to advance commercial delivery and domestic production of heavy rare earth elements. MP Materials climbed 7% amid a William Blair buy rating and a U.S. Department of Defense-linked deal to accelerate a domestic rare earth magnet supply chain.
Read at 24/7 Wall St.
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