State Could Again Acquire Shares in Rare Earths Company, Sources Say
There has been no official confirmation so far, but according to industry insiders the U.S. government could once again take a stake in a rare earths producer. Following its investment in MP Materials in the summer of 2025, a 10% stake in USA Rare Earth is now reportedly planned, the Financial Times first reported. Details could be announced as early as this Monday, Reuters reported meanwhile.
The aim is to develop a domestic rare earths mine as well as downstream production steps for the manufacture of permanent magnets. The material could come from the Round Top deposit in Texas, where the company has already processed raw materials on a pilot basis. A pilot operation at Round Top could start later this year, with regular raw material production expected to begin at the end of 2028.
Last September, USA Rare Earth secured important downstream expertise by acquiring the UK-based rare earths and alloys specialist Less Common Metals.
Photo: Aleksander Tumko