On May 22, USA Rare Earth rose 5.64% in regular trading, trading at $26.3/share, with trading volume of approximately $101 million.

On the news front, the U.S. Department of Energy funding announcement continues to support bullish sentiment. The company disclosed it will receive up to $19.3 million under the DOE Critical Materials Innovation, Efficiency and Alternatives program to develop a pilot-scale rare earth element separations project aimed at boosting domestic processing capacity. The project carries a total value of approximately $50.5 million, including $31.2 million in non-DOE funding.

Additionally, insider buying activity reinforced confidence, with multiple directors purchasing a combined 152,400 shares on May 20 and executive William Robert Steele Jr acquiring 42,000 shares on May 21. Within the Diversified Metals & Mining sector, rare earth names led gains with MP Materials Corp. up 5.55% and Critical Metals Corporation up 3.59%. This marks the third consecutive session of gains for USA Rare Earth, extending the recovery from a prior 20%-plus decline driven by shareholder selling pressure and sector weakness between May 14 and May 19.

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