USA Rare Earth, Inc. (USAR): M&A transaction — USA Rare Earth closes $100M cash + 6.54M shares acquisition of Less Common Metals

USA Rare Earth, Inc.

Purchase price: $100M in cash plus 6.54 million shares of USAR common stock, subject to escrow and post-closing adjustments.
LCM is the leading scaled ex-China rare earth metal and alloy manufacturer, based in Cheshire, UK.
Acquisition secures access to NdPr alloys and strip cast essential for magnet production; supports Stillwater, OK facility.
CEO Barbara Humpton calls acquisition transformative for U.S. rare earth supply chain and plans UK/Europe expansion.
Required financial statements of LCM will be filed by amendment within 71 days of this 8-K.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

USA Rare Earth, Inc. completed an acquisition involving Indian Ocean Rare Metals Pte Ltd for $100,000,000 in cash and 6.54 million shares of the Company’s common stock (closed 2025-11-18).

Action: acquisition
Counterparty: Indian Ocean Rare Metals Pte Ltd
Consideration: $100,000,000 in cash and 6.54 million shares of the Company’s common stock
Closing: 2025-11-18

Exact text from the filing

and heavy rare earth permanent magnet metals and alloys at scale in its facility in Cheshire, U.K. Pursuant to the Acquisition Agreement, the purchase price paid by Buyer was $100,000,000 in cash and 6.54 million shares of the Company’s common stock (the “Acquisition Shares”), subject to the deposit of 1,010,782 shares of the Company’s common stock into escrow and

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USA Rare Earth, Inc. filing history →

Source: SEC EDGAR

accession 0001970622-25-000081

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