Identifiers
Operating jurisdiction
USA (Round Top deposit, Hudspeth County, TX; sintered NdFeB magnet plant, Stillwater, OK)
Sector classification
Phase 1a sintered NdFeB permanent magnet block production was commissioned at the Stillwater, Oklahoma facility in Q1 2026; first commercial customer orders begin Q2 2026. The magnet plant is the company's largest near-term capex deployed and operating asset. Round Top is the upstream REE deposit (advanced exploration). Borderline with Exploration Stage given pre-revenue status; selected Magnet & Alloy because the operating asset as of calc date is the sintered magnet plant.
Activity screen
Round Top deposit hosts 15 of 17 REEs; sintered NdFeB magnet plant in Oklahoma at Phase 1a commissioning. SPAC merger closed March 13, 2025 (formerly Inflection Point Acquisition Corp II). Listed on NASDAQ as USAR since March 14, 2025 — full 90-day trading history available.
Primary REE elements
Nd, Pr, Dy, Tb, Y, plus full HREE basket from Round Top
Liquidity
- 30-day avg market cap (USD)
- $2.48B
- 90-day avg daily traded value (USD)
- $369.22M
Sources
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001959994 · FY25 10-K · https://www.usare.com/about/