USA Rare Earth Secures $1.3B Loan, Eyes 1,200T NdFeB Magnet Capacity
USA Rare Earth secured a $1.3B government loan and 16.1M share investment, boosting liquidity above $400M to fund its 2028 rare-earth mine and 2026 Stillwater magnet plant commissioning. It plans NdFeB magnet output of 1,200 metric tons following its Less Common Metals acquisition, though high development costs will delay profitability.
1. Financing and Liquidity Boost
USA Rare Earth secured a $1.3 billion government loan alongside a 16.1 million share investment, raising liquidity above $400 million as of late 2025. This capital infusion underpins its planned 2026 magnet plant commissioning and 2028 rare-earth mine development.
2. Stillwater NdFeB Magnet Facility
The company is advancing commissioning of its Oklahoma NdFeB magnet plant in early 2026, installing equipment on production lines and expanding its engineering workforce. Once operational, the facility aims to produce up to 1,200 metric tons of high-performance magnets for defense, aerospace and automotive customers.
3. Vertical Integration via Acquisition
In November 2025, USA Rare Earth acquired Less Common Metals to secure critical alloys and metal feedstocks for its magnet operations. This strategic move strengthens vertical integration, mitigates supply risks and supports planned capacity expansions.