USA Rare Earth updates risk factors; cites 2025 net loss of $298.5M, SVRE merger

USA Rare Earth, Inc.

Discloses FY2025 net loss of $298.5M and accumulated deficit of $387.4M as of Dec 31, 2025.
Stillwater and Blacksburg facilities under development; no neo magnet sales; revenue solely from Less Common Metals.
Less Common Metals delays in providing metal feedstock to Stillwater are impacting production.
References SVRE Merger per April 19, 2026 agreement with SVRE Holdings Ltd.
Round Top Project still at exploration stage; third party holds Texas GLO prospecting permits nearby.

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