The US has taken equity stakes in the following companies▸ MP Materials | $MP▸ USA Rare Earth | $USAR▸ Lithium Americas | $LAC▸ Intel | $INTC▸ Trilogy Metals | $TMQCompanies that could be next▸ Critical Metals | $CRMLRare earth assets in Greenland. Reuters has reported that US officials discussed converting government support into an equity stake.▸ Graphite One | $GPHOFAlready showing strong US EXIM financing signals across the mine to anode supply chain, making it a natural candidate for an equity-style strategic backstop.▸ United States Antimony | $UAMYDirect defense stockpile priority with a Pentagon contract.▸ Li-Cycle | $LICYThe DOE has issued a conditional $375M loan commitment for a US battery materials recycling hub, positioning it as an easy candidate for deeper federal alignment.▸ Syrah Resources | $SYAAFDOE-backed funding for the Vidalia active anode materials expansion, a core battery supply chain chokepoint the US wants onshore.▸ Perpetua Resources | $PPTARepeated US defense funding to build a domestic antimony supply chain.▸ American Battery Technology | $ABATDOE support plus reported EXIM interest tied to a lithium mine and refinery.▸ Guardian Metal Resources | $GMTLFDoD DPA Title III award to advance a US tungsten project. Tungsten is a defense-critical metal with high supply risk.▸ Ucore Rare Metals | $UURAFThe DoD is already funding its Louisiana rare earth separation plant.▸ Graphite One | $GPHOFThe DoD has deployed DPA funding into its graphite supply chain, which could derive in estate ownership.▸ Westwater Resources | $WWREXIM-backed financing for a US graphite anode buildout.▸ Fortune Minerals | $FTMDFDoD DPA funding awarded to strengthen North American cobalt supply, tied to the battery and defense industrial base.▸ Lomiko Metals | $LMRMFDoD DPA funding linked to North American graphite supply resilience.▸ 5N Plus | $VNPDoD DPA support for germanium substrates used in satellite solar cells.▸ NioCorp Developments | $NIOBFDoD funding of up to $10M for scandium supply.▸ Ioneer | $IONRDOE financing support for a Nevada lithium project.▸ Talon Metals | $TLOFFDoD agreement to boost domestic nickel production, alongside DOE support.▸ Albemarle | $ALBA $90M DoD award to help reopen Kings Mountain lithium.▸ Lynas Rare Earths | $LYSDYDoD-funded and contracted US rare earth processing capacity.▸ Energy Fuels | $UUUUOne of the few companies with US rare earth separation as well as uranium mining and refining.▸ Ramaco Resources | $METCManagement has stated that administration officials asked the company to expand and accelerate its rare earth initiative.