The Trump administration is set to acquire a 10 percent stake in USA Rare Earth through a $1.6 billion debt-and-equity investment, according to sources familiar with the deal. This move aims to support the development of a domestic rare earth mine in Texas and a magnet manufacturing facility in Oklahoma, with the mine expected to open by 2028 and the factory launching later this year. The investment package includes 16.1 million shares and warrants for an additional 17.6 million shares, both priced at $17.17 each. The deal is part of a broader push by Washington to reduce reliance on foreign sources for rare earth minerals, which are essential for electronics and defense equipment. The Trump administration has previously taken stakes in other critical mineral companies and is planning further investments to boost domestic production.