Story perspectives
USAR Acquires LCM, Boosts EV Magnet Production Amid Stock Surge
10/3/2025
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Story summary
- USA Rare Earth Inc. (USAR) completed a $100 million acquisition of Less Common Metals (LCM) to expand production.
- Stillwater, Oklahoma facility will produce 5,000 tons annually of magnets for EVs and defense.
- USAR's stock jumped nearly 24% after the CEO signaled White House engagement; it posted a $7.8 million net loss and holds $128.1 million cash.
