USA Rare Earth (NASDAQ: USAR) is a U.S.-based critical materials company focused on the extraction, separation and recycling of rare earth elements that are essential to advanced technologies, defense systems and clean-energy applications. The company is developing an integrated supply chain to produce neodymium, praseodymium, dysprosium and related magnet metal feedstocks from both domestic ore deposits and recycled magnet material. By combining mineral processing with proprietary separation technologies, USA Rare Earth aims to reduce reliance on foreign suppliers and strengthen North American supply security for strategic rare earth oxides and metals.
Core activities include the operation of a pilot extraction plant for clay-hosted ore sources in the southwestern United States, alongside an industrial-scale separation facility designed to yield high-purity rare earth oxides. In parallel, the company’s recycling division recovers critical magnet elements from end-of-life automotive, electronics and industrial equipment, converting these materials into reusable feedstocks. This dual approach supports a circular-economy model, enabling closed-loop production and minimizing environmental impact compared with conventional mining operations.
USA Rare Earth serves a diverse customer base that spans defense contractors, electric-vehicle and wind-turbine manufacturers, electronics producers and government agencies. The company has entered into strategic partnerships with national research laboratories and engineering firms to accelerate commercialization of its separation technology and ensure compliance with rigorous quality and environmental standards. Operational facilities and development projects are primarily located in the United States, with additional recycling operations in Europe to support transatlantic customers seeking secure, sustainable rare earth supplies.
Founded in 2017 and headquartered in Houston, Texas, USA Rare Earth is led by a management team with extensive experience in mining, metallurgy and strategic materials. Under the leadership of CEO John Harrop, the company has progressed from early feasibility studies to the construction of pilot-scale infrastructure and the negotiation of off-take agreements. As global demand for high-performance magnets and critical minerals continues to expand, USA Rare Earth is positioning itself as a vertically integrated domestic supplier, from raw-material extraction through to high-purity oxide production and recycling services.
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