USA Rare Earth(USAR.US) plans to acquire the remaining equity of the Round Top rare earth deposit with an estimated transaction value of approximately $73 million

According to sources familiar with the matter, rare earth company USA Rare Earth (USAR.US) is planning to acquire the remaining minority stake in a Texas rare earth deposit through a fully stock-based transaction, valued at approximately $73 million.

Sources say USA Rare Earth will acquire all outstanding shares of Texas Mineral Resources Corp., with a transaction consideration of about 3.8 million shares of USA Rare Earth common stock. This acquisition will make USA Rare Earth the sole operator of the Round Top project, which is the most abundant heavy rare earth deposit known in North America. Insiders indicate that gaining 100% ownership of the project could be crucial for the company to accelerate its latest plan to develop Round Top into a commercial-scale mine.

USA Rare Earth positions itself as a provider of “mine-to-magnet” solutions. Permanent magnets are key components in fighter jets, wind turbines, electric vehicles, and a range of other critical products. In January, USA Rare Earth signed a non-binding agreement worth $1.6 billion with the U.S. Department of Commerce to help fund the project’s development, while also doubling the capacity of its magnet manufacturing facility in Oklahoma.

In addition to government funding support—including proposed federal incentives of $277 million and $1.3 billion in advanced guarantee loans—USA Rare Earth announced it has raised $1.5 billion in private sector investments to support expenditures related to mining, processing, metal manufacturing, and magnet production. CFO Rob Steele stated during a January investor call that the company’s operating losses in 2025 are expected to be between $56 million and $62 million.