USA Rare Earth Shares Rally 62.7% as $1.5B Financing Drives Magnet Plant Build
USA Rare Earth shares have risen 62.7% in the past year to $18.71, trading above the 200-day but below the 50-day moving average within a $5.56–$43.98 range. It secured $1.5B PIPE financing, advanced its Stillwater NdFeB magnet plant for early-2026 commissioning and acquired Texas Mineral Resources for $73M.
1. Stock Performance and Technicals
USA Rare Earth shares jumped 62.7% over the past year to close at $18.71, outperforming industry peers and the broader market. The stock trades above its 200-day moving average but below its 50-day average, within a 52-week range of $5.56 to $43.98, indicating strong long-term momentum with short-term consolidation.
2. Financing and Plant Development
In January 2026 the company raised $1.5 billion through PIPE financing to upgrade and expand its Stillwater NdFeB magnet manufacturing facility. Line 1a assembly is complete, final commissioning for early-2026 is underway, and total magnet capacity will reach about 1,200 metric tons once Line 1b is operational.
3. Strategic Acquisitions and Partnerships
USA Rare Earth agreed to acquire Texas Mineral Resources for $73 million in an all-stock deal, securing full control of the Round Top Project with commercial production expected in 2028 at 40,000 metric tons of feedstock per day by 2030. The company also integrated Less Common Metals in November 2025 and secured a $1.6 billion non-binding LOI under the CHIPS Act for federal funding.
4. Financial Status and Outlook
The company remains pre-revenue, reporting a $0.25 loss per share in Q3 2025 as SG&A rose to $11.4 million and R&D to $4.45 million. It trades at a forward P/E of –58.8× versus an industry average of 14.4×, underscoring elevated risk until commercial operations begin.