China has a tight grip on rare-earth elements that are key to electronics, electric vehicles and fighter jets. A mine in Wyoming raises hopes for a domestic supply.

With the United States zeroing in on domestically sourced rare-earth elements, this company is emerging as a major winner.

From an office a few blocks from the White House, a group of former Wall Streeters is at the forefront of the Pentagon’s plan to crack China’s critical minerals stranglehold. Their goal is to create an independent source for the rare earth elements and magnets used in everything from microwave ovens to missiles.

Add Yahoo as a preferred source to see more of our stories on Google. STORY: EDITORS NOTE: THIS SCRIPT AND VIDEO HAVE BEEN REFILED DUE TO A U.S.-CHINA TRADE DEAL BEING REACHED WITH A FRAMEWORK TO REMOVE CHINESE EXPORT RESTRICTIONS ON RARE EARTH MINERALS.

The company is making significant progress in its domestic "mine-to-magnet" business as the U.S. focuses on critical minerals and rare-earth elements.

Canamera Energy Metals Corp. (CSE: EMET) (OTCQB: EMETF) (FSE: 4LF0) ("Canamera" or the "Company") is pleased to provide an update on its activities at the São Sepé rare earth element ("REE") project ("São Sepé" or the "Project") located in Rio Grande do Sul,

Mobix Labs signed a non-binding agreement to acquire a U.S. rare earth and critical minerals platform, potentially expanding the company deeper into defense, aerospace, and AI infrastructure supply chains.

Live Updates USA Rare Earth's Q1 Results Could Decide Whether the Bull Case Holds Up 2 minutes ago Live USA Rare Earth has spent the past year building the foundation for a long-term domestic rare earth supply chain.

The U.S. banned Chinese drones over national security concerns, but American-made drones depend on rare earth minerals and magnets that China controls.

USA Rare Earth reported a first-quarter operating loss of $37 million from sales of $5.7 million. Wall Street was looking for a loss of $27 million from sales of $4.2 million.