USA Rare Earth (USAR) is one of 14 companies named in a report questioning financial ties between the families of President Donald Trump and Commerce Secretary Howard Lutnick. These entities have sought or received over $8.9 billion in federal loans, grants, and support for critical minerals projects.
USA Rare Earth received significant federal backing while engaging Cantor Fitzgerald for fundraising services. Cantor Fitzgerald was previously led by Lutnick and is currently managed by his sons.
Democratic lawmakers are calling for an investigation into potential conflicts of interest. The inquiry seeks to ensure taxpayer-funded initiatives for domestic supply chains serve national interests.