USA Rare Earth

USA Rare Earth, Inc.

Company type	Public
Traded as	Nasdaq:  USAR
Industry	Mining
Founded	2019 (2019)
Founder	Pini Althaus
Headquarters	Stillwater, Oklahoma , United States
Key people	Barbara Humpton (CEO) Joshua Ballard (former CEO) Tom Schneberger(former CEO)
Products	Rare earth elements and neodymium-iron-boron magnets
Website	www.usare.com

USA Rare Earth, Inc. (NASDAQ: USAR) is an American mining and manufacturing company specializing in the extraction, processing, and production of rare-earth elements (REEs) and permanent magnets. Headquartered in Stillwater, Oklahoma, USA Rare Earth is working on developing a domestic supply chain for REE magnets, used in industries such as defense, electric vehicles, renewable energy, consumer electronics, and advanced manufacturing. ^[1]

History

USA Rare Earth was founded in 2019 by Pini Althaus. The company initially focused on acquiring and developing domestic US resources to support a "mine-to-magnet" strategy, encompassing mining, separation, metal production, and magnet manufacturing. ^[2]

By early 2025, the company achieved its initial milestones, including the production of high-purity dysprosium oxide from Round Top ore and the opening of an Innovations Lab in Stillwater for prototype magnet development. In January 2025, USA Rare Earth produced its first batch of sintered neodymium-iron-boron (NdFeB) magnets at the lab, marking a step toward commercial-scale output. ^[3]

In September 2025, USA Rare Earth announced a binding agreement to acquire Less Common Metals, a UK-based rare earth metals and alloys manufacturer, for $100 million in cash plus 6.74 million shares of USAR common stock. ^[4]

In 2025, the company secured $75 million via a private investment in public equity arrangement to support its magnet manufacturing project and operations. ^[5]

See also

• MP Materials
• Rare-earth elements
• Mining

References

1. "USA Rare Earth Successfully Produces Its First Sintered Rare Earth Magnets". GlobeNewswire News Room. 2025-01-07. Retrieved 2025-10-14.
2. "USA Rare Earth, a Domestic Rare Earth Mining & Magnet Company, to Become a Publicly Traded Company via Business Combination with Inflection Point Acquisition Corp. II". GlobeNewswire News Room. 2024-08-22. Retrieved 2025-10-14.
3. Stutt, Amanda (2025-01-28). "USA Rare Earth produces dysprosium oxide at Texas Round Top deposit". MINING.COM. Retrieved 2025-10-14.
4. "USA Rare Earth Accelerates Mine-to-Magnet Strategy with the Transformative Acquisition of Less Common Metals (LCM)" . Retrieved 15 October 2025.
5. "USA Rare Earth secures $75 Million through PIPE agreement" . Retrieved 15 October 2025.