** Shares of USA Rare Earth USAR.O fall 4% to $12.35 premarket

** Rare earth magnets supplier secures $75 million of equity capital via a private investment in public equity $(PIPE)$

** Proceeds will be used to fund its magnet manufacturing facility in Stillwater, Oklahoma, among other purposes

** Cantor Fitzgerald was the lead placement agent for the private placement

** Stillwater, Oklahoma-based USA Rare Earth went public last month after completing its SPAC deal with Inflection Point Acquisition Corp II

** USAR has ~82 million outstanding shares for $1.05 billion market cap - data compiled by LSEG

** Stock rallied earlier this month after U.S. President Donald Trump ordered tariff probe on critical minerals imports

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))