USA Rare Earth (NASDAQ: USAR) reported second-quarter 2026 revenue of $5.8 million and approximately $1.53 billion in cash as of June 30. During the quarter, the company finalized agreements providing access to up to $1.6 billion in U.S. Department of Commerce CHIPS Act funding, announced a definitive agreement to acquire Serra Verde Group for approximately $2.8 billion and selected Blacksburg, South Carolina, for a new rare earth metal and magnet manufacturing operation. USA Rare Earth also commissioned its Wheat Ridge, Colorado, hydrometallurgical demonstration facility, produced its first commercial yttrium metal through Less Common Metals and received funding commitments supporting its Round Top project and domestic rare earth processing capabilities.
Subsequent to quarter-end, USA Rare Earth produced commercial-grade dysprosium and neodymium-praseodymium oxide samples from recycled magnet material, finalized agreements to acquire an approximately 13.6% stake in France-based Carester SAS and completed its acquisition of Texas Mineral Resources Corp., giving it 100% ownership and operating control of the Round Top project. The company also announced that CEO Barbara Humpton will retire Oct. 1, 2026, with Serra Verde CEO Thras Moraitis named as her successor. For 2026, USA Rare Earth expects to complete the Round Top Definitive Feasibility Study in the fourth quarter and reach a 600-metric-ton-per-year run-rate magnet manufacturing capacity at its Stillwater facility.
To view the full press release, visit https://ibn.fm/Gg7Qi
About USA Rare Earth
USA Rare Earth, Inc. (NASDAQ: USAR) is building a fully integrated rare earth and permanent magnet value chain across the United States, the United Kingdom, France and Brazil. Through its ownership of Less Common Metals (LCM), one of the world’s leading producers of rare earth metals and alloys, its development of magnet manufacturing capacity in Stillwater, Oklahoma, the Pela Ema mine in Brazil (subject to closing the SVG transaction) and the Round Top deposit in Texas, USA Rare Earth operates across the entire value chain from mining to metal-making, alloy production and neodymium magnet manufacturing. USA Rare Earth is establishing a secure, Western-aligned supply of materials essential to the aerospace and defense, semiconductor, energy, data center, physical AI, mobility, healthcare and industrial sectors.
For more information, visit www.usare.com
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