<h1>America's rare earth producer lands $900M in deals from tech giant and Defense Department</h1> America's sole rare earth producer secured two major agreements totaling $900 million. A tech giant committed $500 million for magnet production used in smartphones and electric vehicles, while the Defense Department invested $400 million, becoming the largest shareholder. The Pentagon's 10-year price guarantee for key elements provides revenue stability against subsidized competitors. These deals support domestic production expansion amid ongoing trade tensions and export restrictions. The company operates the nation's only rare earth mine but cannot meet full domestic demand. Recent bilateral agreements include eased export controls and permits for rare earth magnets.