GNR News
USAR Stock Soars Pre-Market As USA Rare Earth Announces $1.6 Billion Deal With Trump Administration For An Equity Stake
USA Rare Earth announced that, as part of the Department of Commerce’s CHIPS Program, the deal includes proposed federal funding of $277 million and a $1.3 billion senior secured loan.
USAR Stock Soars Pre-Market As USA Rare Earth Announces $1.6 Billion Deal With Trump Administration For An Equity Stake
USA Rare Earth announced that, as part of the Department of Commerce’s CHIPS Program, the deal includes proposed federal funding of $277 million and a $1.3 billion senior secured loan.
Piper Sandler also raised its price target on Shell to $83 from $80 on Wednesday, while maintaining an ‘Overweight’ rating on the stock.
In early trade, gold prices surged to an all-time high of $3,127.92 per ounce, though broader equity markets edged lower as Wall Street awaits the rollout of Trump's tariffs.
CEO Mark Bristow credited the company’s integrated resource and exploration strategy, saying it has built "a foundation that supports a projected 30% growth in gold-equivalent ounces out to the end of the decade."
The upgrade comes after Reuters reported that Barrick had signed a new agreement with the Malian government to end an almost two-year-old dispute over its mining assets.
Rio Tinto also announced that it is advancing development at Rhodes Ridge. A pre-feasibility study is expected to be completed this year, and the project is slated to begin production in 2030.
Operating cash flow increased 20% year-over-year to $4.49 billion, while free cash flow more than doubled to $1.32 billion, driven by strong earnings and disciplined cost management, according to management.
Amid an ongoing revenue dispute with Mali, Barrick Gold’s temporary shutdown has retail investors on Stocktwits questioning the company’s future operations in the region.
Mali's interim gold seizure order marks the latest escalation in a dispute with Barrick over revenue distribution from the Loulo-Gounkoto mine.