Purely from the perspective of a rare earths investment you had...

Purely from the perspective of a rare earths investment you had better hope that Trump wins in Nov., 2020. If Biden (?) wins then he will be beholding to the Democratic left that will have helped to secure him the win. The party has moved to the left and so hopes for new US permits etc., to get mining and processing going on home soil will be either denied or sat on for the entirety of the administration (e.g., Obama and the KS pipeline).

Please don't believe that the US military/DoD will hold any sway with the Democrats re., what they need to support vital equipment manufacture etc. Note the decimation of the US military budgets/equipment under the previous administration. The Democrats have a lot of other priorities/promises to keep without worrying about the small RE sector.

I agree that there seems to be some real light presently for a non-China based RE/related value chain (however, small initially), but, in reality, this depends on the US leading others (CAN, AUS, JAPAN) in such an endeavor. Without Trump, it is highly unlikely that the Democrats will take a 'direct competitor' perspective in their future dealings with China (Biden 'Come on man, its China!'). The US greens will be happy to leave all that nasty mess in China and continue to buy from them the small amount of US military RE/related needs (pharma may see a slightly different approach as a sop to those in the party believing that the nation's health cannot be left in Chinese hands - greens will be able to live with this move).

Again, IMHO, we need to see a lot more than just initial phase 1 US seed money awarded in 2020, in case the above scenario was to be initiated with the Nov election.

Rare Earths Investor