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(Bloomberg) -- Democratic lawmakers are investigating whether a $1.6 billion deal involving critical minerals company USA Rare Earth Inc. created a conflict of interest by benefiting Cantor Fitzgerald, the financial services firm formerly led by Commerce Secretary Howard Lutnick.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaTwo Millennium Trading Pods Made About $3.7 Billion Last MonthMicrosoft’s Xbox to Cut 3,200 Jobs, Divest Five Studios in Major Overh

The firm, previously led by the commerce secretary, helped USA Rare Earth raise private funds in connection with the U.S. government’s investment.

A combination of three unrelated events sent the rare earth stock lower in June.

USA Rare Earth commissions its Wheat Ridge hydromet facility, advancing U.S. rare earth processing and targeting separated oxides output by Q3 2026.

USA Rare Earth (NasdaqGM:USAR) has commissioned a hydrometallurgical demonstration facility, adding heavy rare earth oxide production capacity in the West. The move comes as G7 countries work to reduce reliance on China for rare earths, highlighting the role of alternative supply sources. USA Rare Earth enters this news cycle with its shares at $23.55 and a recent track record that includes the stock rising 15.8% over the past week and 66.4% year to date. For readers tracking the rare...

USA Rare Earth Inc. (NASDAQ:USAR) is one of the best new stocks to buy with the huge upside potential. On June 15, USA Rare Earth commissioned a hydrometallurgical demonstration facility in Wheat Ridge, Colorado, with initial production of separated heavy rare earth oxides targeted for Q3 2026. This milestone positions the company as one of […]

Wheat Ridge demonstration plant targets first separated oxide production in Q3 2026

Investors took a breather this week, but the stock is still up 105% this year as management continues to derisk its business plan.

Wednesday, USA Rare Earth reported a first-quarter operating loss of $37 million from sales of $5.7 million. Wall Street was looking for a loss of $27 million from sales of $4.2 million.