Overview
- Through its LCM Europe subsidiary, the company announced a metal and alloy facility in Lacq with planned capacity of 3,750 metric tons per year.
- USA Rare Earth said France approved support under the C3IV program, including credits for up to 45% of eligible equipment and up to €130 million for real estate.
- The planned plant would be co-located with Carester’s 1,600 metric tons per year Caremag oxide facility, which is slated to begin commissioning in late 2026.
- USAR shares moved higher after the news, with Benzinga reporting a 6.95% gain to $18.92 on Tuesday.
- The company’s disclosure emphasized that government support, timelines, and production outcomes are forward-looking and could change.