USA Rare Earth Acquires Texas Mineral Resources to Consolidate Texas Rare Earth Project

Wedoany.com Report on Mar 14th, USA Rare Earth has entered into a definitive agreement with Texas Mineral Resources, under which USAR will issue approximately 3.82 million shares of common stock, valuing the transaction at approximately $73 million, in exchange for all outstanding shares of TMRC. This acquisition will strengthen USAR's control over the Round Top project in Texas, making it the sole operator and full economic beneficiary of this rare earth and critical mineral development project. The company plans to accelerate the mining process, aiming for commercial production by 2028, and to establish a complete, U.S.-based mine-to-magnet supply chain.

USAR is committed to establishing an integrated rare earth and permanent magnet supply chain in the United States, the United Kingdom, and Europe. Through its subsidiary, Less Common Metals Ltd. — a significant manufacturer of rare earth metals and alloys — and its developing magnet production capabilities in Stillwater, Oklahoma, the company covers the entire value chain from heavy rare earth processing to metal manufacturing, alloy production, and neodymium magnet manufacturing. Combined with local feedstock from the Round Top deposit, advanced processing technologies, recycling capabilities, and an expanded European industrial footprint, USAR is building a secure and sustainable material supply network, providing critical materials for defense, robotics, semiconductors, electrification, and advanced manufacturing sectors.