Aug 202421
USA Rare Earth goes public through Inflection Point Acquisition Corp. II
Developer of a domestic rare earth magnet supply chain, including the Stillwater magnet facility and the Round Top Project
$800 millionClosed Mar 13, 2025
Company
USA Rare Earth, Inc.
USA Rare Earth is building a U.S. rare earth supply chain from mine to magnet, covering rare earth oxides, metals, alloys and sintered neodymium-iron-boron permanent magnets. ↗
| Headquarters | Stillwater, OK ↗ |
|---|---|
| Leadership | Barbara Humpton, Chief Executive Officer ↗; Michael Blitzer, Chairman ↗; William Robert Steele Jr., Chief Financial Officer ↗ |
| Employees | 132 ↗ |
| Ownership | Public (Nasdaq: USAR) ↗ |
Products
- USA Rare Earth's Stillwater, Oklahoma facility is designed to make sintered neodymium-iron-boron permanent magnets as blocks, arcs, rings and discs. ↗
- Less Common Metals, USA Rare Earth's U.K. subsidiary, converts rare earth oxides into metals, master alloys and strip-cast alloys, with annual capacity of approximately 2,500 metric tons. ↗
- USA Rare Earth plans to mine heavy rare earths at its Round Top deposit in Sierra Blanca, Texas, with commercial production anticipated in late 2028. ↗