The Trump administration splurged $725 million to support the rare earth processing industry, causing Energy Fuels(UUUU.US)to rise more than 10%.

Notice that the Trump administration has stated that they have signed a conditional loan commitment worth $725 million aimed at expanding Energy Fuels' rare earth processing business domestically, as part of efforts to reduce reliance on other countries. At the opening of trading on Thursday, Energy Fuels' stock price rose over 10%, and as of the time of writing, the stock has risen 11.37% to $17.04. The Office of Strategic Capital of the U.S. Department of Defense (OSC) stated that Energy Fuels, which specializes in uranium production, will expand their operations into rare earth separation and processing. OSC stated that as part of the conditional loan agreement, the company must meet financial, legal, technical, and other due diligence requirements, but did not provide specific details. OSC pointed out that the increase in the company's rare earth magnet production "will directly support a wider range of U.S. industrial base permanent magnet facilities and improve the supply chain for other specialty defense and industrial products." Earlier this week, OSC announced a $500 million conditional loan commitment with Phoenix Tailings to expand the company's rare earth processing scale domestically.