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Teneo is working the USA Rare Earth deal that has the Commerce Dept. taking up to a 20 percent stake in the Oklahoma mining company iN exchange for a $1.3B loan and $277M in funding.
The deal reflects the importance of USAR’s “mine-to-magnet” platform to supply essential materials vital to national security.
USAR is to extract and process rare earth materials such as dysprosium, terbium, yttrium, gadolinium, hafnium, erbium, thulium, lutetium, ytterbium, holmium, gallium and zirconium required for the semiconductor, aerospace, defense and energy production sectors.
"This landmark collaboration with the U.S. Government represents a transformative step in USAR's mission to secure and grow a resilient, independent domestic rare earth value chain," said Barbara Humpton, CEO of USA Rare Earth.
"With the federal backing, USAR is positioned to accelerate the build-out of important domestic capabilities that are essential to US national security, global economic competitiveness, and critical technologies of the future,” she added.
For 2025, USAR had cash in the $350M range. It anticipates operating expenses and operating loss in the range of $56M and $62m, and capital expenditures in the range of $37M and $43M.
Prosek Partners hires FTI Consulting vet David Roady to build and deepen its relationships in the corporate sector, particularly with chief communications officers and C-suite executives.
Kekst CNC handles Crestview Partners as the private equity firm acquires Tailwind Hospitality, operator of food, beverage and retail concessions in non-hub and regional airports, from Palladin Consumer Retail Partners.
FGS Global heads the list in Mergermarket’s ranking of the top PR advisors in M&A deals for 2025. Joele Frank, Brunswick Group follow.
Financial marketing is entering a new era where brands must move beyond mere storytelling and increasingly demonstrate to audiences that they’re prepared for change.
The Walt Disney Company is bringing on Benjamin Swinburne as EVP of investor relations and corporate strategy.
