Business
USA Rare Earth Announces UK Regulatory Approval for Acquisition of Less Common Metals (LCM)
STILLWATER, Okla., Nov. 12, 2025 (GLOBE NEWSWIRE) -- USA Rare Earth (Nasdaq: USAR) (USAR or the Company) today announced that it has received regulatory
About this update from Usa Rare Earth, Inc.
[{"type":"text","content":"STILLWATER, Okla., Nov. 12, 2025 (GLOBE NEWSWIRE) -- USA Rare Earth (Nasdaq: USAR) (USAR or the Company) today announced that it has received regulatory approval from the UK Minister of State for its acquisition of LCM. Having now received the only regulatory approval required, the Company expects to close the acquisition in a timely manner, in line with its stated target of fourth quarter of calendar year 2025. The acquisition represents a significant acceleration of USAR's magnet-to-mine strategy, establishing an end-to-end rare earth supply chain. As a result of this transaction, LCM will be able to continue to expand and serve its global customer base with a broad portfolio of rare earth and critical metals and alloys, while also supplying Neodymium Iron Boron (NdFeB) metal and strip cast alloy to USAR's Stillwater, Oklahoma magnet facility once production begins. LCM's metals and alloys are essential to the manufacturing of advanced magnets, semiconductors, and aerospace components. The company supplies customers across defense, automotive, electric vehicle, industrial, and technology sectors in the U.S., UK, France, Germany, Japan, and Taiwan. About USA Rare EarthUSA Rare Earth, Inc. (Nasdaq: USAR) is developing a rare earth sintered neo magnet (NdFeB or neo) manufacturing plant in Stillwater, Oklahoma, and intends to establish domestic rare earth and critical minerals supply, extraction, and processing capabilities to both supply its magnet manufacturing plant and market surplus materials to third parties. Rare earth magnets are critical to various business sectors and industries, including the defense, automotive, aviation, industrial, AI Robotics, medical, and consumer electronics industries, among others. USAR is planning to take a broad approach to the industries it serves with the intention of providing high quality neo magnets to a variety of industries and customers. USAR's focus on developing domestic rare earth production aligns with national priorities, offering the potential of a sustainable and secure domestic supply of materials critical to key industries. Forward-looking StatementsCertain matters discussed in this press release are or contain \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Secur...