USA Rare Earth Inc (USAR) News & EventsUSARNews & EventsUSA Rare Earth Inc

USA Rare Earth Q2 Revenue $5.82M, Below Consensus

Reports Q2 revenue $5.82M, consensus $8.05M. "The second quarter of 2026 marked a period of decisive progress for USA Rare Earth, defined by the milestones that bring our integrated global rare earth value chain to life," said Barbara Humpton, CEO of USA Rare Earth. "We announced our intent to acquire Serra Verde, the only scaled producer of all four magnetic rare earths outside Asia; signed definitive documentation for our funding package with the U.S. Department of Commerce; announced our intent to invest in Carester; and selected Blacksburg, South Carolina, as the site of our second U.S. metal-making and magnet manufacturing facility. We also commissioned our hydrometallurgical facility in Wheat Ridge, Colorado, a critical step that demonstrates our processing capability that lies at the heart of a secure, non-China supply chain."

USA Rare Earth Acquires 13.6% Stake in Carester

USA Rare Earth announced that it has entered into definitive agreements to acquire strategic minority stakes representing approximately 13.6% each in Carester, a French leader in rare earth processing and separation. InfraVia, acting through its Critical Metals Fund, seeded by the French State as an anchor investor alongside private institutional capital, is acquiring a similar stake in Carester alongside USA Rare Earth. The agreements finalize the strategic investment and commercial framework the parties announced in April. In addition to targeting healthy returns, USA Rare Earth and its subsidiary Less Common Metals Europe will have the ability to purchase a portion of Carester's oxide output from its Caremag facility. USA Rare Earth will have access to Carester's engineering capabilities and related intellectual property for separation, processing, and recycling. In turn, Carester will have access to USA Rare Earth feedstock sources, including Serra Verde and the Round Top deposit in Texas. Founded in 2019, Carester is a French specialist in rare earth processing and separation technologies, with decades of technical expertise across the value chain from raw material sourcing through high-purity rare earth oxides. Carester is currently building its Caremag magnet recycling and heavy rare earth separation facility in Lacq, France, scheduled for commissioning in late 2026 with an anticipated annual production when fully ramped of 800 tons per annum of neodymium-praseodymium oxide, 500 tpa of dysprosium oxide and 100 tpa of terbium oxide. The facility's Dy and Tb oxide production is expected to represent approximately 15% of current world production of these magnetic heavy rare earth oxides. Proceeds will primarily fund Carester's next phase of growth, including expansion of its rare earth processing and separation platform, research and development, and working capital. As a condition to completion of the strategic investment, a portion of the joint investment will fund the acquisition of minority shareholders' interest, resulting in their full exit. Funding is expected in the third quarter of 2026, subject to remaining customary conditions. The investment is part of a broader partnership between USA Rare Earth, LCM Europe, and Carester to build an integrated rare earth industrial platform in Lacq, France, spanning processing, separation, metal and alloy production, and potentially magnet manufacturing. In parallel, USA Rare Earth, through LCM Europe, is developing a 3,750 mtpa metal and alloy production facility at the same location. Together, these projects are intended to form one of Europe's most complete rare earth industrial ecosystems and to advance a secure, Western-aligned value chain across the United States, the United Kingdom, and Europe.