Overview
- USAR advanced its Round Top heavy rare earths commercial start by two years, setting a late‑2028 target.
- Shares whipsawed this week, sliding 3.7% Wednesday before rebounding 12.1% Thursday to close at $18.77.
- The Colorado Hydromet demonstration is slated to begin early 2026 with five solvent‑extraction circuits running 2,000–4,000 hours, a parallel‑process approach the company says could save tens of millions and support a DFS by early 2027.
- The Stillwater, Oklahoma magnet plant remains on track for commissioning in early 2026 to support domestic NdFeB output.
- LCM signed a supply deal with Solvay and Arnold to secure ex‑China feedstock; USAR remains pre‑revenue after a $156.7 million Q3 loss, holds substantial cash, and is set to join the Russell 2000 and 3000 on Dec. 22.