Usare

USA Rare Earth (usare.com, ticker reference "USAR") is a critical minerals and advanced materials company building an integrated rare earth value chain covering rare earth elements, oxides, metals and permanent magnets. The company frames its platform as spanning four stages: mining in Texas; processing and separation in Texas and Colorado; metal, alloy and strip casting in Cheshire, UK, with planned operations in Lacq, France and Oklahoma; and magnet manufacturing in Oklahoma.

The company positions its output for semiconductors, aerospace, defense, automotive, robotics, medical and consumer electronics end markets, and ties its build-out to a stated January 2027 prohibition on Chinese-origin rare earth magnets in U.S. weapons systems and the resulting need for domestic supply at scale. It describes federal support including a U.S. Department of Commerce Letter of Intent for $1.6 billion in funding under the CHIPS and Science Act and collaboration with the U.S. Department of Energy on rare earth separation technologies.

Business model

Vertically integrated producer and processor: the company intends to mine and process feedstock, separate rare earth oxides, produce metals, alloys and strip cast material, and manufacture permanent magnets, supplying industrial and defense customers across the value chain.

Latest developments

In April 2026 the company announced a definitive agreement to acquire Serra Verde Group for approximately $2.8 billion, described as creating a global rare earth leader; Barbara Humpton and Thras Moraitis discussed the transaction in a company video published the following day.