USA Rare Earth Announces Acquisition of LCM and Private Placement

Summary

USA Rare Earth, Inc. announced the acquisition of Less Common Metals (LCM), a UK-based rare earth metals and alloys manufacturer, for $100 million in cash and 6.74 million shares. The company also completed a private placement raising $125 million and appointed Barbara Humpton as its new CEO. The acquisition is expected to close in Q4 2025 and will provide USAR with critical rare earth metal and alloy production capabilities, enhancing its magnet production facility in Oklahoma.