USA Rare Earth (USAR) plans to increase its investments in metal, alloy, and magnet manufacturing in France, the company said Monday.

The prospective funding could surpass 175 million euro ($203.9 million) through 2030, and is expected to generate more than 300 local employment opportunities, the company said.

The capital investment will operate alongside regional public incentives, and potential debt guarantees or direct equity purchases by the French government in the company's European unit, USA Rare Earth said.