USA Rare Earth Announces Board Member Departures and Planned Board Expansion

Summary

On April 20, 2026, USA Rare Earth, Inc. announced that Mordechai Gutnick and General Paul Kern, members of its Board of Directors, will not stand for reelection at the upcoming annual meeting on June 3, 2026. The Board has decided to reduce its size to six directors effective immediately before the Annual Meeting. In connection with the planned acquisition of SVRE by the Company, the Board size is expected to increase from six to eight directors with the addition of two nominees from Serra Verde Rare Earths Ltd. The acquisition is expected to close in the third quarter of 2026, subject to customary closing conditions and regulatory approvals.