USA Rare Earth Completes Acquisition of Indian Ocean Rare Metals and Subsidiaries

Summary

On November 18, 2025, USA Rare Earth, Inc. completed the acquisition of Indian Ocean Rare Metals Pte Ltd. and its subsidiaries for a total transaction value of $100,000,000 in cash and 6.54 million shares of USA Rare Earth's common stock. The acquisition was announced in a Current Report on Form 8-K filed on the same date. USA Rare Earth has determined, in consultation with the SEC, that the financial statements and pro forma financial information relating to the Acquisition are not required to be filed.