USA Rare Earth to Acquire Texas Mineral Resources in $73 Million Stock Deal

USA Rare Earth, Inc. (Nasdaq: USAR) and Texas Mineral Resources (OTCQB: TMRC) announced a definitive agreement under which USAR will acquire all outstanding shares of TMRC in exchange for 3,823,328 shares of USAR common stock in a transaction valued at approximately $73 million. The acquisition will consolidate USAR's ownership of the Round Top Project in Texas, making the company the sole operator and 100% economic beneficiary of the rare earth and critical minerals development as it advances its accelerated mining plan toward expected commercial production in 2028 and builds a U.S.-anchored, non-China mine-to-magnet supply chain.

This transaction represents a significant step in establishing a secure, sustainable, Western-aligned supply of materials essential to defense, robotics, semiconductors, electrification, and advanced manufacturing industries. By combining domestic feedstock from the Round Top deposit with advanced processing technologies, recycling capabilities, and a growing European industrial footprint, USAR is building a fully integrated rare earth and permanent magnet supply chain across the United States, United Kingdom, and Europe. Through its ownership of Less Common Metals Ltd. (LCM), one of the world's leading producers of rare earth metals and alloys, and its development of magnet manufacturing capacity in Stillwater, Oklahoma, USAR operates across the entire value chain from heavy rare earth processing to metal-making, alloy production, and neodymium magnet manufacturing.

The consolidation of the Round Top Project comes at a critical time as Western nations seek to reduce dependence on Chinese rare earth supplies. China currently dominates global rare earth production and processing, controlling approximately 80% of the world's supply. This concentration creates strategic vulnerabilities for Western economies and defense industries that rely on these critical minerals for everything from electric vehicles and wind turbines to military guidance systems and advanced electronics. The Round Top Project contains 16 of the 17 rare earth elements along with other critical minerals like lithium, gallium, and beryllium, making it one of the most diverse mineral deposits in North America.

The $73 million stock deal represents a strategic consolidation that eliminates joint venture complexities and streamlines decision-making as the project moves toward commercial production. With full control of the Round Top deposit, USAR can accelerate development timelines and optimize the integrated supply chain it has been building across multiple continents. The company's approach combines mining with downstream processing and manufacturing capabilities, creating a vertically integrated model that captures value across the entire production chain rather than just exporting raw materials. This comprehensive strategy addresses multiple points of vulnerability in the current global rare earth supply chain, where processing and manufacturing capabilities remain concentrated in China despite growing demand from Western industries.

For additional information, visit the Company's website at https://www.usare.com/. To view the full press release, visit https://ibn.fm/W3Ya6. For more information about the specialized communications platform covering this industry, please visit https://RocksAndStocks.news.