Usa Rare Earth, Inc. · NASDAQ:USAR
Usa Rare Earth — Q1 2026 Earnings Presentation
6 slides from Usa Rare Earth's earnings presentation, May 13, 2026
Slide 1: USA Rare Earth First Quarter 2026
USA RARE EARTH FIRST QUARTER 2026 May 13, 2026
Slide 2: Disclaimer
DISCLAIMER Forward-looking Statements This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include those relating to the proposed U.S. government collaboration and the expected timing of executing definit
Slide 3: Q1 2026 Overview: Strategic and Operational Highlights
Q1 2026 OVERVIEW Strategic and Operational Highlights Building the Leading Value Chain Ramping Operations Delivering Shareholder Value • Announced definitive agreement to acquire • Commissioned 600 tpa Phase 1a magnet • $1.6B funding package from DoC CHIPS Serra Verde, the only large-scale HREE manu
Slide 4: Q1 2026 Overview: Financial Highlights
Q1 2026 OVERVIEW Financial Highlights Strong Financial Foundation Accelerating Investments $1.75 billion cash position as of March 31, 2026 Q1 2026 capital expenditures of $38.6 million $1.5 billion PIPE common stock financing closed January 2026 Stillwater Phase 1a ramping to 600 MTPA run rate by Q
Slide 5: Bolstering USAR's Value Chain
BOLSTERING USAR’S VALUE CHAIN Upstream Midstream Downstream 12.5% ownership2 100% ownership Metal Making & Mining Processing & Separation1 Strip Casting Magnets Goiás, Brazil Wheat Ridge, CO Cheshire, U.K. Stillwater, OK Round Top Deposit, TX Round Top Deposit, TX Stillwater, OK Lacq, France Lacq, F
Slide 6: Q&A
Q&A Mh, USA|Rare Earth