USA Rare Earth to Gain 100% Ownership of Round Top with $73M Share Deal
USA Rare Earth will acquire the remaining stake in the Round Top deposit for roughly $73 million via issuance of 3.8 million shares, giving it 100% ownership of North America’s richest heavy rare-earth deposit. The move underpins its mine-to-magnet strategy with a proposed $1.6 billion federal debt and equity package.
1. Acquisition of Remaining Round Top Stake
USA Rare Earth is set to acquire all outstanding shares of Texas Mineral Resources for roughly $73 million through issuance of 3.8 million USA Rare Earth shares, raising its ownership of the Round Top deposit to 100%.
2. Strategic Importance of Round Top Deposit
Round Top is recognized as North America’s richest heavy rare-earth deposit, containing key elements for permanent magnets used in electric vehicles, defense systems, robotics, and semiconductors.
3. Mine-to-Magnet Integration
The acquisition complements USA Rare Earth’s vertically integrated model, which includes mining Round Top, processing extracted ores and operating a planned magnet manufacturing plant in Oklahoma.
4. Financial and Government Support
The company has secured a proposed $1.6 billion federal debt and equity package—including $277 million in incentives and a $1.3 billion loan—alongside $1.5 billion in private investment, while forecasting a 2025 operating loss of $56 million to $62 million.