USA Rare Earth
Builds a domestic rare earth mine-to-magnet supply chain including mining, processing, metal/alloy production, and NdFeB magnet manufacturing
- CEO / Founder
- Barbara Humpton
- Team Size
- 51-200
- Stage
- Public
- Total Funding
- Publicly Traded
- Latest Round
- Post-IPO
- Key Investors
- Alto Opportunity Master Fund; Alyeska Investment Group; Bowon M&P; Inflection Point Acquisition Corp. II; Michael Blitzer (Kingstown Capital Management); Newtyn Management; Navajo Transitional Energy Company; Bayshore Capital; Green Sands Equity
Technology & Products
Key Products
Sintered NdFeB (neodymium iron boron) permanent magnets; rare earth oxides and metals (including heavy rare earths like dysprosium and terbium); critical minerals (gallium, beryllium, lithium) from Round Top deposit
Technological Advantage
Proprietary rare earth separation technology (piloted); control of Round Top deposit containing 15 of 17 rare earth elements plus gallium, beryllium, lithium; acquired Less Common Metals (UK) for metal/alloy production; backed by $1.6B US Department of Commerce CHIPS Act LOI
Differentiation
Value Proposition
Vertically integrated rare earth supply chain from mine to magnet, providing a domestic alternative to Chinese-dominated rare earth production for US defense and industrial customers
How They Differentiate
Focus on heavy rare earths (dysprosium, terbium) which are critical for defense applications and harder to source outside China; fully integrated mine-to-magnet approach vs. competitors focused on only one segment; US government backing via CHIPS Act
Market & Competition
Target Customers
US Department of Defense, semiconductor manufacturers, aerospace & defense contractors, automotive OEMs (especially EV), robotics, medical device, and consumer electronics companies
Industry Verticals
Defense; Aerospace; Automotive (EV); Semiconductors; Robotics; Medical; Consumer Electronics; Energy
Competitors
MP Materials (NYSE: MP); Lynas Rare Earths (ASX: LYC); Neo Performance Materials
Growth & Milestones
Major Milestones
2020: Acquired magnet manufacturing equipment from Hitachi Metals; 2021: Piloted proprietary rare earth separation technology; 2024: Announced SPAC merger with Inflection Point Acquisition Corp. II; 2025-03: Completed SPAC merger, listed on Nasdaq as USAR; 2025-09: Appointed Barbara Humpton (ex-Siemens USA CEO) as CEO; 2025: Acquired Less Common Metals (UK); 2026-01: Signed $1.6B LOI with US Department of Commerce under CHIPS Act; 2026-04: Announced $2.8B acquisition of Serra Verde Group; 2026: Commissioned Phase 1a magnet production at Stillwater, Oklahoma facility
Notable Customers
Arnold Magnetic Technologies (via LCM subsidiary supply agreement); US Department of Defense (targeted)