USA Rare Earth files 2024 audited financials: net loss $16.4M; going concern doubt; cash $116.3M post-financings

USA Rare Earth, Inc.

Net loss attributable to USARE stockholders $15.7M in 2024 vs $7.4M in 2023; total net loss $16.4M.
Cash used in operating activities $13.0M in 2024; cash and equivalents $16.8M at Dec 31, 2024.
Going concern doubt: company needs substantial additional funds for Phase 1 magnet plant and operations.
Subsequent financings of ~$105M (Feb & May 2025); cash approx $116.3M as of June 13, 2025.
Accumulated deficit $72.9M; business combination with IPXX closed March 13, 2025, now traded on Nasdaq.

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