“With the downstream capabilities of our magnet manufacturing plant in Stillwater well underway, which is now complimented by the metal making and strip casting capabilities of LCM, we are closing the loop within the rare earth magnet supply chain. We are also progressing toward pilot scale testing of our swarf recycling flow sheet and are moving into the Pre-Feasibility Study phase for Round Top, which are both exciting developments. Our strategy all along has been to take the steps necessary to secure the supply chain with the critical know-how and capabilities from mine all the way through magnet manufacturing. This progress across our business and the acquisition of LCM represent milestone achievements in the execution of this strategy,” said Barbara Humpton, USAR Chief Executive Officer.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on USAR:
- U.S. deal to ease China rare-earth controls hits snag, Nikkei says
- MP, USAR, LYC: Rare Earth Stocks Rally as U.S.-China Finalize Trade Deal
- USA Rare Earth Announces Warrant Redemption Plan
- Trump and Xi Ease Trade Tensions with Tariff Cuts and New Farm Deals
- USA Rare Earth appoints Alex Moyes as VP, mining