10 July 2025capital raising announcement▲ GoodMajor
Entered a landmark public-private partnership with the U.S. Department of Defense: a $400 million DoD equity stake (with up to $350 million more available) plus a $150 million loan, a 10-year $110/kg NdPr price floor, and a 10-year DoD offtake agreement for magnets from a new '10X' facility — sharply de-risking expansion and reducing reliance on buyers like Shenghe.