USA Rare Earth Acquires Round Top Project

USA Rare Earth has announced its acquisition of the remaining minority interest in the United States===Round Top, Texas rare earth deposit from Texas Mineral Resources in an all-stock transaction valued at approximately $73 million. This deal grants USA Rare Earth full operational and economic control of the United States===Round Top, Texas project, which is considered North America's richest known deposit of heavy rare earth elements and critical minerals. The acquisition is a strategic move to accelerate USA Rare Earth's Accelerated Mining Plan, aiming for commercial production by 2028 and extracting nearly 40,000 metric tons per day of rare earth and critical mineral feedstock by 2030. This consolidation aligns with broader United States policy efforts to expand domestic critical mineral production and reduce reliance on China, particularly for defense and high-tech sectors. The transaction has been approved by both companies' boards and is expected to close by the third quarter of 2026, subject to Texas Mineral Resources shareholder approval.