US rare earth firm ropes in former top diplomat Pompeo as strategic advisor

USA Rare Earth Llc said on Thursday former US Secretary of State Mike Pompeo has joined the company as a strategic advisor.

“USA Rare Earth’s supply is critically important to reduce foreign dependencies while creating additional American jobs,” Pompeo said.

Rare earth elements form an important part of President Joe Biden’s initiative to transition towards clean energy as they are used in electric vehicles, electronics, and defense industries.

USA Rare Earth, which had planned to go public in 2021, is developing the Round Top rare earths deposit in Texas.

(By Sourasis Bose; Editing by Uttaresh.V)