USA Rare Earth's (USAR) Round Top in Texas is unlike any other rare earth deposit in the West, Wedbush analysts said in a Monday note to clients.

Analysts said that Round Top carries about 72% heavy rare earth oxide distribution within its total rare earth oxide content, making it unique among deposits of this scale outside China.

Wedbush said that the deposit positions the company to address the segment of the rare earth market under the most acute supply chain pressure following China's April 2025 export controls.

Wedbush said that Round Top is the only deposit in the West with the geological profile to produce heavy rare earths at a commercial scale, and that the company's Less Common Metals unit is the only facility outside China with the capability to produce samarium cobalt and heavy rare earth metals commercially.

Analysts initiated coverage on USA Rare Earth with an outperform rating and a $29 price target.

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