USA Rare Earth has received UK regulatory approval to acquire Less Common Metals $(LCM)$, clearing the way for the deal to close as planned in the fourth quarter of 2025. With this acquisition, USA Rare Earth will accelerate its magnet-to-mine strategy, establishing an end-to-end rare earth supply chain. LCM will continue to expand its global customer base and supply Neodymium Iron Boron (NdFeB) metal and strip cast alloy to USA Rare Earth's Stillwater, Oklahoma magnet facility once production begins. LCM's products are key to manufacturing advanced magnets, semiconductors, and aerospace components, serving customers across the defense, automotive, electric vehicle, industrial, and technology sectors in the U.S., UK, France, Germany, Japan, and Taiwan.