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USA Rare Earth stock jumps after receiving up to $19.3M DOE funding for critical materials project

Market News
21 May 2026
Vandana Singh
View Source
Bullish
pluang ai news

USA Rare Earth's stock surged following the U.S. Department of Energy's selection of the company for potential funding up to $19.3 million. This funding supports a pilot project to enhance domestic processing of rare earth elements, crucial for U.S. energy and defense supply chains. The company reported better-than-expected quarterly results, with adjusted losses smaller than anticipated and revenue exceeding estimates. Analysts maintain a positive outlook, with a Buy rating and price targets around $34, reflecting strong momentum and government backing.

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Bolivia shifts Bitcoin mining to sustainable, dollar-based model using idle gas plant amid currency crisis

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