USA Rare Earth completes CEO transition; Thras Moraitis, previously President, succeeds Barbara Humpton

USA Rare Earth, Inc.

Thras Moraitis assumed the CEO role on October 1, 2026; Executive Chairman Mike Blitzer thanked outgoing CEO Barbara Humpton for building the rare-earth platform.
Operations split into three business units: Upstream (mining, processing, separation) led by Moraitis, Midstream (metals, alloys, powders) by Chaitan Kansal, Downstream (magnets) by David Bushi.
Following close of the Serra Verde combination, platform spans Serra Verde mine in Brazil, Round Top in Texas, Wheat Ridge, Colorado processing, Less Common Metals in the UK, and US magnet production.
Carester transaction (heavy rare-earth separation engineering, France) is still pending close; USA Rare Earth would hold a minority share with access to related IP.
CEO letter sets vision of becoming 'the world's leading rare earth enterprise' under a decentralized Business Unit/Operating Unit model; no financial figures or guidance were disclosed.

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