USA Rare Earth Secures $400M to Accelerate 1,200-Ton Magnet Facility
USA Rare Earth advanced its Stillwater NdFeB magnet facility in Oklahoma toward commissioning in early 2026, completing Line 1a assembly and boosting production capacity to 1,200 metric tons by finishing Line 1b. The company raised cash above $400 million via PIPE financing and warrants to fund plant enhancements and workforce expansion.
1. Stillwater Facility Progress
USA Rare Earth progressed on equipment installation and Line 1a assembly at its Stillwater NdFeB magnet facility in Oklahoma, targeting commercial commissioning in early 2026 to serve defense, aerospace and automotive markets.
2. Financing and Capacity Expansion
The company raised over $400 million through PIPE financing and warrant exercises by November 2025, allocating capital to plant enhancements, expanded magnet finishing and completion of Line 1b to boost total NdFeB capacity to 1,200 metric tons.
3. Vertical Integration and Future Plans
In November 2025, USA Rare Earth acquired Less Common Metals to secure essential alloys for magnet production, while training engineers and technicians to support operational scale-up and pursue long-term customer contracts.