USA Rare Earth

About USA Rare Earth

USA Rare Earth aims to be a leading Western supplier of high-value rare earth magnets and critical minerals, focusing on building one of the largest rare earth magnet manufacturing facilities in the United States to serve diverse industries and enhance national security through domestic production.

Products & Services

Magnet Manufacturing:Building a sintered neo magnet manufacturing facility in Stillwater, OK, planned for commercial operation in 2026, with a capacity of nearly 5,000 metric tons annually, serving industries like defense, robotics, electric vehicles, and semiconductors.

Metal Making:Committed to onshoring rare earth metal making capabilities through partnerships in the United States and South Korea, with potential for expansion.

Processing:Developing proprietary processing capabilities since 2020, including a Continuous Ion Exchange process for rare earth and critical mineral separation, at an R&D facility in Wheat Ridge, CO.

Mining:Operates the Round Top deposit in West Texas, hosting 15 of 17 rare earth elements and other high-tech metals, intended for use in magnet production and supply to industries like U.S. defense.

Specialties

Rare Earth Magnets Critical Minerals Magnet Manufacturing Rare Earth Processing Mining of Rare Earth Elements

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: PIPE T: - FT: PIPE	A: 1500000000 MR: - FA: approximately $1.5 billion FAN: 1500000000	D: 2026-01-29 FD: 2026-01-29	1 investors
2	RT: PIPE T: - FT: PIPE	A: 75000000 MR: - FA: $75 million FAN: 75000000	D: 2025-05-05 FD: 2025-05-05	1 investors
3	RT: PIPE T: - FT: PIPE	A: 75000000 MR: - FA: $75 million FAN: 75000000	D: 2025-04-30 FD: 2025-04-30	1 investors
4	RT: PIPE T: - FT: PIPE	A: 15250000 MR: - FA: 15.25 million FAN: 15250000	D: 2025-02-04 FD: 2025-02-04	2 investors

PIPE Latest

2026-01-29

$1.5B

1 investor (Pro only)

PIPE 2025-05-05

$75.0M

PIPE 2025-04-30

$75.0M

View 3 more funding rounds with Pro

Unlock Full Funding History

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

View 3 more growth metrics with Pro

Unlock All Metrics

Mock Up

Team & Leadership

J

Josh Ballard

Chief Executive Officer

S

Steve Ridge

Chief Operating Officer

B

Ben Kronholm

Director of process R&D (Mining)

B

Bob Fredette

Director of Magnet operations

View 1 more team members with Pro

Unlock Full Team Directory

Recent News

USA Rare Earth Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised