New York, July 10, 2025 (AFP) - Pentagon takes stake in US rare earth company

NAMPA / AFP

2025-07-10

A US rare earth company announced Thursday an agreement with the Pentagon granting the government a stake in the venture in exchange for billions of dollars to finance additional manufacturing. Las Vegas-based MP Materials described the arrangement as a "transformational public-private partnership" that includes a "multibillion-dollar package of investments" and long-term commitments from the Department of Defense (DoD). It will allow MP to cons......

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