USA Rare Earth to issue 3.8M shares in $73M Round Top acquisition
USA Rare Earth will issue 3.8 million shares to acquire Texas Mineral Resources’ 18.6% interest in the Round Top deposit in an all-stock $73 million deal, closing in Q3 2026. Shares climbed 7% on March 9 after a 10% weekly and 20% monthly slide, leaving shares up 57% YTD.
1. Acquisition Terms
In a deal announced March 5, USA Rare Earth will issue more than 3.8 million shares of common stock to acquire Texas Mineral Resources’ remaining 18.6% interest in the Round Top deposit. The all-stock transaction values the stake at approximately $73 million and is slated to close in the third quarter of 2026, subject to regulatory approvals.
2. Stock Performance
USA Rare Earth shares climbed over 7% on March 9, partially recouping a 10% drop over the prior week and a 20% slide in the past month. Despite recent volatility, the stock remains up 57% year-to-date as investors focus on the rare earth market opportunity.
3. Strategic Importance
Full ownership of the Round Top deposit grants USA Rare Earth exclusive access to 16 rare earth elements and critical minerals like gallium, lithium, beryllium and zirconium. This aligns with the company’s goal to develop a domestic mine-to-magnet supply chain and reduce reliance on foreign sources.
4. Production and Financing Plans
Under its Accelerated Mining Plan, USA Rare Earth plans to extract up to 40,000 metric tons per day of feedstock by 2030. The plan is backed by a $1.6 billion financing package from federal funding and a senior secured loan supporting mine development and processing facilities.