USA Rare Earth Q2: EPS -$0.05, rev $5.8M; $1.6B DOE funding, $2.8B Serra Verde acquisition

USA Rare Earth, Inc.

Q2 net loss $10.3M vs $142.5M loss YoY; diluted EPS -$0.05 vs -$1.54; revenue $5.8M; cash $1.53B
Finalized DOE CHIPS Act agreements: up to $1.6B total ($277M grant + $1.3B loan) tied to milestones
Definitive agreement to acquire Serra Verde for ~$2.8B; expected close by end of Aug; Thras Moraitis to succeed CEO Oct 1
Closed acquisition of Texas Mineral Resources (TMRC); sole operator of Round Top project
First commercial yttrium metal pour at LCM; produced Dy and NdPr oxides from magnet swarf at Wheat Ridge

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