USA Rare Earth selects South Carolina for $1.2B magnet facility; 490 jobs, 6,400 tpa capacity

USA Rare Earth, Inc.

Lease for 800,000 sq ft facility in Blacksburg, SC; initial 20-year term with two 10-year renewal options.
Expected total investment of ~$1.2 billion; press release targets 490 high-skill jobs in Cherokee County.
Facility targeting 6,400 tpa NdFeB magnets and 5,000 tpa strip-cast, metal & alloy production.
Incentives Agreement with Cherokee County: 4% fee-in-lieu-of-tax assessment for up to 40 years, minimum $400M investment.
Combined Stillwater and Blacksburg capacity to reach 10,000 tpa magnets and 10,000 tpa metals; commissioning targeted for 2028.

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Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

USA Rare Earth, Inc. entered into Lease with TC Liberty Development, LLC (effective 2026-06-01).

Action: entry
Agreement: lease
Counterparty: TC Liberty Development, LLC
Effective: 2026-06-01

Exact text from the filing

On June 1, 2026, USA Rare Earth, Inc. (the “Company”) entered into a Lease Agreement (the “Lease”) with TC Liberty Development, LLC, a Delaware limited liability company (“Landlord”), for the lease of a to-be-constructed specialty rare earth magnet manufacturing facility located on Bear Den Road in Blacksburg, Cherokee County, South Carolina (the “Premises”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

USA Rare Earth, Inc. entered into Fee-in-Lieu of Ad Valorem Taxes and Incentives Agreement with Cherokee County, South Carolina (effective 2026-06-01).

Action: entry
Counterparty: Cherokee County, South Carolina
Effective: 2026-06-01

Exact text from the filing

On June 1, 2026, the Company entered into a Fee-in-Lieu of Ad Valorem Taxes and Incentives Agreement (the “Incentives Agreement”) with Cherokee County, South Carolina (the “County”) in connection with the development of the Company's rare earth magnet manufacturing facility in the County.

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USA Rare Earth, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-063832

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