USA Rare Earth Completes Acquisition of Less Common Metals

Summary

On November 18, 2025, USA Rare Earth, Inc. completed the acquisition of Less Common Metals Ltd. (LCM), a UK-based manufacturer of specialized rare earth metals and alloys. The transaction was executed for a total consideration of $100,000,000 in cash and 6.54 million shares of USA Rare Earth's common stock. This acquisition supports USA Rare Earth's strategy to build a fully integrated rare earth supply chain, enhancing its ability to meet growing ex-China demand and supporting the expansion of its magnet facility in Oklahoma.