USA Rare Earth
USA Rare Earth (NASDAQ: USAR) is a publicly traded Critical Minerals & Mining Tech company founded in 2019 and based in Stillwater, USA.
USA Rare Earth was organized in Delaware in 2019 and is headquartered in Stillwater, Oklahoma. It listed on Nasdaq as USAR in March 2025 through a merger with the blank-check company Inflection Point Acquisition Corp. II. It is building a mine-to-magnet chain: the Round Top heavy rare-earth deposit in Texas, a separation development site in Wheat Ridge, Colorado, Less Common Metals, a UK maker of rare-earth metals and alloys bought in November 2025, and a sintered NdFeB magnet plant in Stillwater whose Phase 1a line was commissioned in the first quarter of 2026. On September 3, 2026 it closed its merger with Serra Verde, adding the Pela Ema rare-earth mine in Brazil, for $300 million in cash and 126.8 million shares. It reported $11.5 million of revenue and an $80.0 million net loss for the first half of 2026 and held $1.53 billion in cash on June 30, 2026, after a $1.5 billion private placement at $21.50 a share closed on January 28, 2026.
USA Rare Earth is assembling each step from rare-earth ore to finished magnets outside China, for aerospace and defense, semiconductor, energy, data-center and mobility customers. On June 3, 2026 it signed definitive agreements with the Commerce Department for about $1.6 billion, $277 million of CHIPS Act funding and $1.3 billion of senior secured debt released against milestones, with the department taking shares and a warrant. Its Stillwater Phase 1a and 1b lines are each designed for about 600 metric tons of magnet block a year.
At a glance
Total raised
Undisclosed
Headcount
—
Headquarters
Stillwater
Founded
2019
Status
Public
Subsector
Critical Minerals & Mining Tech
Materials Science, ranked
Top 25 Materials Science companies →Funding history
Total raised
—
Rounds tracked
0
No dated funding rounds on file. This company is privately held and may be raising or operating on undisclosed capital.
