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USA Rare Earth to buy remaining Round Top stake

PUBLIC · USARMar 05, 2026

Acquiring Company

USA Rare Earth

Acquired Company

Texas Mineral Resources

StillwaterStillwaterOtherEnergyMiningMineralMining TechnologyOil And GasNatural ResourcesMiningMineral

Description

USA Rare Earth will acquire the remaining minority interest in the Round Top rare earth deposit for $73 million in an all-stock deal. This acquisition gives USA Rare Earth full control over the largest known US source of heavy rare earth elements. The boards of both companies have approved the transaction, which is expected to close in the third quarter. This deal aligns with the increasing demand for domestic critical minerals.

Quick answer

USA Rare Earth is acquiring Texas Mineral Resources, announced March 5, 2026. USA Rare Earth is based in Stillwater, Oklahoma, United States.

How much did USA Rare Earth pay for Texas Mineral Resources?
The deal value was not disclosed.
What does USA Rare Earth do?
USA 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,..
Where are USA Rare Earth and Texas Mineral Resources based?
USA Rare Earth is based in Stillwater, Oklahoma, United States. Texas Mineral Resources is based in Stillwater, Oklahoma, United States.
Who are the decision-makers at USA Rare Earth?
Fundz holds 1 contact at USA Rare Earth. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

USA Rare Earth

Location

Stillwater, Oklahoma, United States

About

USA 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.

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Frequently asked

Who acquired Texas Mineral Resources?

Texas Mineral Resources was acquired by USA Rare Earth, based in Stillwater. The deal was reported on March 5, 2026. USA Rare Earth, Inc. USA Rare Earth is publicly traded (USAR) and operates in Other.

When did USA Rare Earth acquire Texas Mineral Resources?

USA Rare Earth's acquisition of Texas Mineral Resources was reported on March 5, 2026. USA Rare Earth will acquire the remaining minority interest in the Round Top rare earth deposit for $73 million in an all-stock deal. This acquisition gives USA Rare Earth full control over the largest known US source of heavy rare earth elements. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Texas Mineral Resources do?

Texas Mineral Resources is focused on the exploration and development of rare earth and critical mineral deposits. The company owns a significant stake in the Round Top rare earth deposit, known for its rich resources. It is privately held, operating in Oil And Gas, and is based in Stillwater.

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