USA Rare Earth shares jump on reports of White House talks over potential government support for its rare earth projects.

USA Rare Earth shares surged in premarket trading after CEO Barbara Humpton confirmed the company is in ongoing discussions with the White House, fueling speculation about potential government support. The news came amid heightened U.S. efforts to secure domestic supply chains for rare earth elements critical to defense and clean energy technologies. The company, developing a mine in Texas and a magnet facility in Oklahoma, has seen its market value exceed $2.59 billion, up nearly 98% this year. While specific details of the talks remain undisclosed, the move reflects broader federal initiatives to reduce reliance on China, including recent investments in other rare earth firms.