USA Rare Earth Acquisition | Manufacturing Deal in OK

USA Rare Earth has completed the acquisition of USA Rare Earth, a chemical manufacturing business in Oklahoma, for $1.6 billion. USA Rare Earth is a vertically integrated rare earth producer advancing heavy rare earth mining, processing and separation, metal production, and magnet manufacturing to support U.S. supply chains. Based in Stillwater, Oklahoma, the company is building a mine-to-magnet value chain and expanding capacity for rare earths used in advanced manufacturing and clean energy applications. The public company acquisition is an announced other acquisition tied to definitive agreements with the U.S. Department of Commerce under the CHIPS Program, unlocking up to $277 million in federal funding and up to $1.3 billion in senior secured loan capacity, with disbursements linked to project milestones.