USAR Accelerates Rare Earth Production

USA Rare Earth (USAR) is expediting production at their Round Top deposit in Texas, set to commence commercial operations in late 2028. This deposit is rich in heavy rare earths, gallium, and beryllium, essential for high-tech products. The company aims to control the entire process, from mining to magnet production, addressing the growing demand and reducing reliance on foreign sources. Despite stock fluctuations and no revenue yet, USARs strong financial position, with over $250 million in cash and no debt, supports their ambitious plans for the U.S. rare earth market, vital for national security and clean energy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.