USA Rare Earth will issue 3,823,328 common shares to acquire all outstanding Texas Mineral Resources stock at an implied value of approximately $73 million. This transaction secures sole operator status and full economic rights over the Round Top Project by consolidating the remaining 18.6% equity interest and associated leases.

Under the definitive agreement, the acquisition is expected to close no later than the third quarter of 2026, subject to customary conditions. This aligns with USA Rare Earth’s Accelerated Mining Plan aiming for commercial production at Round Top by 2028 and a targeted feedstock output of 40,000 metric tons per day by 2030.

Shares dipped 1.14% and are trading 7.3% below their 20-day simple moving average while remaining 12.6% above the 200-day SMA. The RSI at 47 suggests neutral sentiment, and the MACD reading below its signal line indicates a short-term bearish trend amid broader market weakness.