Stocks USA Rare Earth CEO Barbara Hampton jumped into an extension deal Thursday after telling CNBC that rare earth miners were “close communication” with the White House.
Hampton’s comments come after the Trump administration won a 5% stake in Lithium America this week. The Department of Defense has acquired a 15% stake in Rare Earth Miner MP Materials July.
“We’re in close communication with the administration,” Hampton told CNBC’s Morgan Brennan when he asked if the rare earth in the US was interested in dealing with the Trump administration.
Until USA Rare Earth Stock.
Shares in USA Rare Earth rose approximately 8% after opening hours. Stocks rose 23% in regular trading on Thursday, almost doubled this year.
“This is a field that isn’t a zero-sum game,” Hampton said of the rare earth supply chain. “It takes a lot of players to build this market.”
USA Rare Earth develops a mine in Sierra Blanca, Texas, and a magnet production facility in Stillwater, Oklahoma. Hampton said he supports the Trump administration’s MP and deals with Lithium America.
“What we’re doing is keeping the administration informed of our own plans,” she said.
Managers say they are investing in supporting the industry and breaking dependence on China.
