Overview

• CEO Barbara Humpton told CNBC the company is “in close communication” with the White House, answering a question about potential government investment.
• Shares jumped about 23% in regular trading, added further gains after hours and premarket, and touched a record high on Friday, according to multiple market reports.
• The move comes as the Trump administration pursues direct stakes in critical‑minerals firms, including a 5% position in Lithium Americas this week and a 15% stake in MP Materials in July.
• USA Rare Earth is developing the Round Top project in Texas and a Stillwater, Oklahoma magnet plant that the company targets to begin commercial output in 2026.
• This week the company agreed to acquire UK-based Less Common Metals for $100 million in cash plus 6.74 million shares, reported 80% heavy rare earth recovery under mild heap leach conditions at Round Top, and remains pre‑revenue with a recent $7.8 million adjusted quarterly loss and $128.1 million in cash.