USA Rare Earth

USA Rare Earth has broken ground on a $1.2 billion production facility in Blacksburg, South Carolina. The 124‑acre site includes about 800,000 square feet, is scheduled to start operations in 2028 and is expected to create roughly 490 manufacturing jobs. Annual output is planned at 6,400 tonnes of sintered neodymium‑iron‑boron magnets and 5,000 tonnes of strip‑cast metals; together with production in Stillwater this will yield a domestic capacity of 10,000 tonnes. The company is donating $250,000 to Spartanburg Community College to support a SPARK center for workforce development. » Más en de.investing.com

USA Rare Earth stock rose 19.2% in August after the company finalized a U.S. government‑backed SPV to support its acquisition of Serra Verde and completed the roughly $2.8 billion deal. The SPV arrangement includes a $750 million direct investment from the Department of War, a facilitated $500 million debt facility and a five‑year purchasing contract of at least $300 million, improving financing and sales visibility. The company had reported a modest Q2 miss on sales and adjusted loss, but the Serra Verde transaction is expected to transform USA Rare Earth's financial profile and accelerate scaling in critical minerals. » Más en finance.yahoo.com

USA Rare Earth expects to complete its acquisition of Brazil's Serra Verde before its next earnings report, converting it from a pre-production company into an owner of an operating rare-earth mine. Serra Verde is forecast to generate $550–650 million in annualized EBITDA by end-2027 and already has a 15-year offtake agreement with US SIIE backed by $750 million in U.S. government funding. The deal, approved by shareholders, would provide secured demand and help offset USA Rare Earth's heavy cash burn, potentially moving the company toward positive cash flow and acting as a near-term stock catalyst. » Más en finance.yahoo.com