CHIPS Act-backed deal accelerates rare earth supply chain Stillwater-based USA Rare Earth, Inc. is giving up a potential 8% to 16% ownership stake in exchange for more than $1 billion in federal funding and loans, a move aimed at accelerating domestic production of rare earth minerals critical to semiconductors, permanent magnets, defense systems, and advanced …
Tag: Department of Commerce
Archer pushes GAS Hub to land national lab in Oklahoma
Legislation Targets Federal Research Investment Rep. Nick Archer, R-Elk City, has introduced legislation aimed at positioning Oklahoma to compete for a U.S. national laboratory and other major federal research centers, an effort supporters say could reshape the state’s long-term economic and workforce outlook. If approved, House Bill 3176 would establish the Oklahoma Gas, Artificial Intelligence, …