{
  "project": {
    "id": "prj-us-usar-magnet-project-2",
    "name": "Magnet Project 2",
    "sponsorOrgIds": [
      "org-usa-rare-earth"
    ],
    "locations": [],
    "stages": [
      "component_manufacturing"
    ],
    "materialIds": [
      "ndfeb-magnets"
    ],
    "materialAttribution": "tracked_only",
    "untrackedMaterialsAsStated": [],
    "evidence": [
      {
        "sourceId": "src-usar-8k-2026-06-03",
        "supports": [
          "name",
          "sponsors"
        ],
        "evidence": "explicit",
        "locator": "Item 1.01, Direct Funding Agreement (d)",
        "note": "\"the construction of a new magnet making facility\""
      },
      {
        "sourceId": "src-usar-8k-2026-06-03",
        "supports": [
          "stages",
          "materials"
        ],
        "evidence": "ambiguous",
        "locator": "Item 1.01 (d)",
        "note": "A new magnet making facility; the filing does not name the magnet type or the site. NdFeB is read from the company's Stillwater production, not stated for this project."
      }
    ],
    "notes": "The filing does not name the site."
  },
  "governments": [
    "us"
  ],
  "providerOrgIds": [
    "org-us-commerce"
  ],
  "layers": [
    {
      "layer": "public_commitment",
      "rowIds": [
        "fin-us-chips-usar-2026-magnet-project-2-direct-funding",
        "fin-us-chips-usar-2026-magnet-project-2-loan-guarantee"
      ],
      "totals": {
        "currencies": [
          {
            "currency": "USD",
            "countedIds": [
              "fin-us-chips-usar-2026-magnet-project-2-direct-funding",
              "fin-us-chips-usar-2026-magnet-project-2-loan-guarantee"
            ],
            "nestedIds": [],
            "status": "summed",
            "instruments": [
              {
                "instrument": "loan_guarantee",
                "countedIds": [
                  "fin-us-chips-usar-2026-magnet-project-2-loan-guarantee"
                ],
                "summed": true,
                "byQualifier": {
                  "up_to": "325000000"
                },
                "binding": {
                  "up_to": "325000000"
                },
                "notYetBinding": {}
              },
              {
                "instrument": "unspecified",
                "countedIds": [
                  "fin-us-chips-usar-2026-magnet-project-2-direct-funding"
                ],
                "summed": false,
                "reason": "instrument_not_stated",
                "byQualifier": null,
                "binding": null,
                "notYetBinding": null
              }
            ],
            "overlap": null
          }
        ],
        "unquantifiedIds": [],
        "endedIds": [],
        "statusNotStatedIds": []
      }
    }
  ],
  "associatedRowIds": [],
  "designationIds": [],
  "latestImplementation": null,
  "reviewedProjectMilestones": [],
  "reviewedMilestoneSources": [],
  "reviewedMilestoneEvidenceBasis": "human-reviewed original publisher claim; not independent on-site or financial verification",
  "sources": [
    {
      "id": "src-usar-8k-2026-06-03",
      "title": "USA Rare Earth, Inc. Form 8-K (June 3, 2026): Direct Funding Agreement and Loan Guarantee Agreement with the Department of Commerce",
      "publisher": "USA Rare Earth, Inc. / U.S. Securities and Exchange Commission (EDGAR)",
      "url": "https://www.sec.gov/Archives/edgar/data/1970622/000121390026064453/ea0293402-8k_usarare.htm",
      "language": "en",
      "datePublished": "2026-06-03",
      "dateAccessed": "2026-09-23",
      "sourceType": "official",
      "confidence": "primary",
      "notes": "The recipient's binding filing, read in a browser on 2026-09-23. Item 1.01 describes the Direct Funding Agreement (up to $277.0 million in five project awards) and the Loan Guarantee Agreement (the DOC guarantees $1.3 billion of Federal Financing Bank advances in five project tranches), both entered into on 3 June 2026 under the \"CHIPS Incentives Program—Facilities for Semiconductor Materials and Manufacturing Equipment\"; milestone-based disbursement; equity-raise requirements; covenants; and the Securities Issuance Agreement (16,132,790 shares and a warrant for 17,600,584 shares at $17.17 to the DOC). Cover page: incorporated in Delaware. It supports contract and financing facts it states directly and is attributed to the company."
    }
  ]
}