M&A
confidence high
sentiment positive
materiality 0.65
USA Rare Earth to acquire ~12.5% stake in Carester SAS; partners with InfraVia
USA Rare Earth, Inc.
- Each of USA Rare Earth and InfraVia to hold approximately 12.5% equity interests in Carester.
- Partnership includes right to purchase Carester's oxide output and access to its separation IP and recycling tech.
- Carester to get long-term heavy rare earth feedstock from USA Rare Earth's Round Top deposit (expected commercial ops late 2028).
- French government supports LCM Europe metallization project: up to €130M in credits and potential state guarantee for 50% of commercial debt.
- Carester's Caremag magnet recycling and heavy REE separation facility in Lacq, France scheduled for commissioning late 2026.