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STILLWATER, Okla. - USA Rare Earth, Inc. (NASDAQ:USAR) announced Tuesday it has completed the acquisition of Less Common Metals Ltd. (LCM), a leading rare earth metal and alloy manufacturer operating outside China.
The transaction represents a key step in USAR's strategy to establish a complete rare earth supply chain from "magnet-to-mine" and secures a critical component for the company's Stillwater, Oklahoma magnet manufacturing facility.
LCM specializes in producing Samarium, Samarium Cobalt, and Neodymium Praseodymium metals and alloys, which are essential materials for manufacturing rare earth permanent magnets used in defense, automotive, and aerospace applications.
"Closing the acquisition of LCM represents a transformative advancement of our mission to secure and strengthen the U.S. rare earth supply chain," said Barbara Humpton, CEO of USA Rare Earth. "Metal making is a crucial component of the magnet manufacturing process, and LCM brings proven expertise and world-class capabilities."
The company plans to establish rare earth metal production in the United States while expanding LCM's existing operations in the UK and Europe. LCM will continue serving its global customer base while supplying Neodymium Iron Boron strip cast alloy to USAR's Stillwater facility.
The acquisition provides USAR with access to LCM's established customer network, which includes defense contractors, automotive manufacturers, and magnet producers across Europe and the United States.
Additionally, the deal enhances USAR's recycling capabilities through LCM's ability to process recycled rare earth oxides from end-of-life magnets and production waste.
USA Rare Earth is developing a rare earth sintered neo magnet manufacturing plant in Stillwater, Oklahoma, aimed at serving industries including defense, automotive, aviation, and consumer electronics.
This information is based on a company press release statement.
In other recent news, USA Rare Earth reported a significant loss for the third quarter of 2025, missing earnings expectations by a wide margin. The company's earnings per share (EPS) were -$0.25, compared to the forecasted -$0.06, resulting in a 316.67% negative surprise. Additionally, USA Rare Earth announced it has received regulatory approval from the UK Minister of State for its acquisition of LCM. This was the only regulatory clearance required for the transaction. The company anticipates closing the acquisition in the fourth quarter of 2025. This acquisition is part of USA Rare Earth's strategy to establish an end-to-end rare earth supply chain. These developments highlight the company's ongoing efforts and challenges in the current fiscal period.
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