- CEO
- Barbara W. Humpton
- Full Time Employees
- 30
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 167 Madison Avenue, Suite 205-1017 New York City NY United States of America 10016
- IPO Date
- Jul 17, 2023
- Business
- USA Rare Earth, Inc. (NASDAQ: USAR) engages in the mining, processing, separation, metal production, and manufacturing of rare earth elements (REEs), particularly heavy rare-earth elements including dysprosium, terbium, neodymium-praseodymium, yttrium, gadolinium, samarium, and other critical minerals such as gallium, hafnium, zirconium, beryllium, and lithium; sintered neodymium-iron-boron (NdFeB) permanent magnets, also known as sintered neo magnets; and related alloys and metals produced via proprietary continuous ion exchange processes, heap leach, and solvent extraction technologies. The company operates a vertically integrated mine-to-magnet supply chain, leveraging its Round Top Mountain deposit in Hudspeth County, West Texas, which hosts 15 of the 17 REEs; a research and development facility in Wheat Ridge, Colorado, for processing capabilities; and a 310,000-square-foot sintered neo magnet manufacturing facility in Stillwater, Oklahoma, with an Innovations Lab commissioned in early 2025 for prototyping and initial commercial production slated for the first half of 2026 at up to 5,000 metric tons annually. USA Rare Earth serves industries including defense, electric vehicles, wind power, robotics, consumer electronics, appliances, cordless tools, semiconductors, and advanced manufacturing, targeting domestic U.S. customers seeking to reduce reliance on foreign, particularly Chinese, sources.
Founded in 2019 and headquartered in Stillwater, Oklahoma, the company maintains primary operations across Texas, Oklahoma, and Colorado within the United States.
In recent developments, USA Rare Earth entered a definitive agreement in September 2025 to acquire Less Common Metals Ltd., a UK-based rare earth metals and alloys manufacturer, for $100 million in cash plus 6.74 million shares of common stock, supported by a $125 million equity investment to expand European processing capacity and enhance vertical integration; secured $75 million through a private investment in public equity in 2025 and additional warrant exercises boosting cash to over $400 million post-Q3 2025; produced its first batch of sintered NdFeB magnets in January 2025 at the Stillwater Innovations Lab using high-purity dysprosium oxide from Round Top ore; established strategic partnerships with Enduro Pipeline Services for neo magnet delivery and ePropelled Inc. for sintered neo magnet supply; and advanced Round Top project flow sheet validation targeting a pre-feasibility study in the second half of 2026 while progressing swarf recycling to pilot-scale testing in Q1 2026.