USA Rare Earth
United States · Energy, Mineral, Mining
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 busine
Key facts
- Headquarters
- United States
- Employees
- 30
- Industries
- Energy, Mineral, Mining
- Status
- Public (USAR)
- Website
- usarareearth.com
- Company page
Recent activity at USA Rare Earth
- : Thras Moraitis Appointed as New CEO of USA Rare Earth
- : SEC 8-K (7.01): On October 1, 2026, USA Rare Earth, Inc. announced the completion of its CEO transition to Thras Moraitis. This change in leadership marks a significant shift in the company's management structure, aiming to guide future strategic initiatives. The announcement was accompanied by a letter distributed to employees and a press release, signaling an emphasis on communication during this transition. No financial details were mentioned regarding this change, but the strategic implications suggest a potential new direction for the company's operations and growth. The event date is crucial as it aligns with the filing date, highlighting recent developments in corporate governance.
- : SEC 8-K (8.01):
- : USA Rare Earth, Inc. to Acquire SVRE Holdings Ltd. through Merger
- : SEC 8-K (1.01): USA Rare Earth, Inc. (USAR) entered into a definitive Agreement and Plan of Merger on September 3, 2026, with Middlebury Merger Sub Ltd., SVRE Holdings Ltd., and Serra Verde Rare Earths Ltd. This merger agreement includes amendments that were made earlier in the year, with Amendment No. 2 being executed on the same date as the filing. This transaction aims to integrate strategic resources and enhance USAR's market position in the rare earth sector. Key details such as conditions and implications for the businesses involved were outlined in the agreement.
- : SEC 8-K (5.07): On August 28, 2026, USA Rare Earth, Inc. held a special meeting of stockholders where they approved the issuance of 126,849,307 shares of common stock as part of the merger with Middlebury Merger Sub, Ltd., SVRE Holdings Ltd., and Serra Verde Rare Earths Ltd. The merger was previously outlined in the Agreement and Plan of Merger dated April 19, 2026, and amended on July 16, 2026. This significant transaction aims to enhance the Company's operational capabilities in the rare earth element sector, aligning with strategic growth objectives. The financial impact of this merger is expected to be substantial, further solidifying the company's market position.
- : USA Rare Earth secures $1.55 billion in funding for the U.S. Government-Backed SPV for Serra Verde Offtake, ensuring supply for multiple rare earth materials.
- : SEC 8-K (8.01): On August 21, 2026, SV Management Switzerland AG, a subsidiary of SVRE, and a special purpose vehicle capitalized by the U.S. government entered into an amendment to an Offtake Agreement that modifies the financial support requirements from the U.S. government. The amended agreement increases the capital investment to $750 million and outlines a commitment to provide a $500 million Senior Debt Facility. This modification is critical for the Counterparty as it relates to conditions needed to complete a pending merger, indicating significant strategic implications for all involved parties. Additionally, the U.S. government is set to acquire at least $300 million in rare earth payable products over the first five years following the agreement's effective date.
- : SEC 8-K (2.01): On August 7, 2026, USA Rare Earth, Inc. (USAR) successfully completed a merger with Texas Mineral Resources Corp. (TMRC) and its subsidiaries as per the definitive Agreement and Plan of Merger established on March 4, 2026. This transaction involved the conversion of TMRC shares into USAR Common Stock at an exchange ratio calculated based on the number of TMRC shares outstanding, specifically 0.043279843 of a share of USAR Common Stock for each share of TMRC common stock. The completion of this transaction signifies a strategic move to enhance USAR's market presence through the acquisition of TMRC, thereby expanding its operational capabilities in the rare earth elements sector. The transaction was registered under the Securities Act of 1933 through a registration statement effective on June 29, 2026.
- : SEC 8-K (8.01): On July 22, 2026, USA Rare Earth, Inc. (USAR) entered into a Share Purchase and Investment Agreement (Investment Agreement) involving key parties including Frédéric Carencotte, CareInvest, InfraVia CMF Invest S.à r.l., and Carester SAS. The agreement stipulates a minority investment by the New Investors, with a total investment amount of EUR 45,000,225.00 in Carester, structured as a subscription for preferred shares. USAR is set to contribute EUR 10,833,525.00 in cash for 48,149 Preferred Shares RR and an in-kind contribution of EUR 11,666,700.00 worth of its common stock for an additional 51,852 Preferred Shares. This agreement is expected to enhance USAR's stake and strategic involvement in the operational endeavors of Carester, particularly in the context of its growth initiatives.
USA Rare Earth funding history
| Date | Round | Amount |
|---|---|---|
| Aug 2025 | Funding Round | $65.0M |
| Mar 2025 | Series C | $50.0M |
| Sep 2024 | Venture | $25.5M |
| Nov 2023 | Seed | $659K |
| Nov 2023 | Venture | $12.6M |
Leadership
- Tready Smith, Director
- Paul Kern, Director
- Ben Moreland, Director
- Pini Althaus, Executive Officer, Director
- Mordechai Gutnick, Director
- Pini Althaus, Executive Officer, Director
- Mordechai Gutnick, Director
- Mordechai Gutnick, Director
- Pini Althaus, Executive Officer, Director
- Thras Moraitis, Chief Executive Officer
- Thras Moraitis, Chief Executive Officer
- Barbara Humpton, Chief Executive Officer
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Employee benefit plans
USA Rare Earth files 2 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
USA Rare Earth in the news
- USA Rare Earth Acquires U.S. Rare Earth Permanent Magnet Manufacturing Capability - GlobeNewswire (Apr 07, 2020)
- Is USA Rare Earth Under $20 a Bargain or a Trap? - The Motley Fool (Aug 21, 2026)
- USA Rare Earth and Texas Mineral Resources Corp Announce Opening of First Heavy and Light Rare Earths Processing Facility Outside of China - PR Newswire (Dec 16, 2019)
- Why USA Rare Earth Stock Crashed Today - The Globe and Mail (Mar 30, 2026)
- USA Rare Earth outlines domestic mine-to-magnet strategy - The Northern Miner (Jan 07, 2021)
- USA Rare Earth's Rare Earth & Critical Minerals Pilot Plant Development and Processing Facility Officially Opens - GlobeNewswire (Jun 11, 2020)
- USA Rare Earth LLC Announces 100% Renewable Energy Plan for - GlobeNewswire (Jul 21, 2020)
- General Paul J. Kern Joins USA Rare Earth Board of Directors - GlobeNewswire (Mar 19, 2020)
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About USA Rare Earth: questions and answers
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, 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 busine
Where is USA Rare Earth headquartered?
USA Rare Earth is headquartered in United States.
How many employees does USA Rare Earth have?
USA Rare Earth has about 30 employees.
Has USA Rare Earth raised funding?
Yes. Fundz has recorded 5 funding events for USA Rare Earth. The most recent, Funding Round of $65.0M, was in Aug 2025.
Who leads USA Rare Earth?
Thras Moraitis is a Chief Executive Officer at USA Rare Earth.
What is the latest news on USA Rare Earth?
On Oct 01, 2026, Thras Moraitis Appointed as New CEO of USA Rare Earth
Is USA Rare Earth a public company?
Yes. USA Rare Earth is publicly traded under the ticker USAR.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy