Overview
- USAR said commercial production at the Round Top heavy rare earth deposit is now slated for late 2028, two years earlier than prior guidance.
- Shares were volatile this week, including a 12.1% rebound Thursday to $18.77 following the timeline acceleration.
- The Stillwater, Oklahoma NdFeB magnet plant remains on track for first-quarter 2026 commissioning, and a Colorado hydromet demonstration facility is planned to begin early 2026 with parallel solvent-extraction circuits to support a definitive feasibility study by early 2027.
- Subsidiary Less Common Metals recently struck a supply deal with Solvay and Arnold Magnetic Technologies to support non‑Chinese feedstock and alloy inputs for early magnet output.
- The pre-revenue company reported a Q3 net loss of $156.7 million ($1.64 per share) but ended the quarter with about $258 million in cash, later rising above $400 million, and is set to enter the Russell 2000 and 3000 on Dec. 22.