USA Rare Earth (USAR) announced that it has received regulatory approval from the UK Minister of State for its acquisition of Less Common Metals, LCM. Having now received the only regulatory approval required, the Company expects to close the acquisition in a timely manner, in line with its stated target of fourth quarter of calendar year 2025. The acquisition represents a significant acceleration of USAR’s magnet-to-mine strategy, establishing an end-to-end rare earth supply chain. As a result of this transaction, LCM will be able to continue to expand and serve its global customer base with a broad portfolio of rare earth and critical metals and alloys, while also supplying Neodymium Iron Boron metal and strip cast alloy to USAR’s Stillwater, Oklahoma magnet facility once production begins.
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