The rare earth company with ambitions in the magnet sector reports significant progress.
USA Rare Earth may be able to start extracting heavy rare earth elements in Texas two years earlier than originally planned. According to the company, rapid advances in building out its downstream processing stages are making this possible. A demonstration plant is currently being constructed in Colorado to separate dysprosium and terbium from the material mined in Texas. In addition, the facility will extract the technology metals hafnium and zirconium.
Pilot operations are scheduled to begin as early as early 2026, with full-scale mining in Texas expected by the end of 2028. Earlier this year, USA Rare Earth announced it had produced its first sample of dysprosium oxide. In September, the company acquired the British producer of rare earth metals and alloys, Less Common Metals, gaining valuable expertise for the next steps in the value chain. The overarching objective is to establish a fully vertically integrated mine-to-magnet supply chain within the United States.
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