USA Rare Earth Inc. (NASDAQ: USAR) saw a significant increase in its stock price last week, jumping by 40.02 percent as progress was made on its Round Top Rare Earth Project in Sierra Blanca, Texas. The company has tapped Fluor and WSP as partners for the project’s feasibility study.

The first phase of the study will utilize results from the solvent extraction pilot work currently underway at the Wheat Ridge, Colorado facility. USA Rare Earth Inc. (NASDAQ: USAR) plans to operate its demonstration plant in Wheat Ridge for at least 2,000 continuous hours, with operations expected to conclude in October 2026.

Investors will be monitoring USA Rare Earth Inc. (NASDAQ: USAR) closely when markets reopen, following news that the US government is acquiring a $1.6 billion stake in the firm. While USAR shows investment potential, some believe AI stocks offer greater promise for higher returns with limited downside risk.

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Read more at Yahoo Finance: USA Rare Earth (USAR) Soars 40% on Site Progress; Govt Eyes $1.6-Billion Stake