USA Rare Earth Sees Surge in Customer Interest

Dow Jones

Aug 12

By Kelly Cloonan

USA Rare Earth is seeing a swell of customer interest as it prepares to kickoff production at a new magnet facility.

The mining and magnet company said Monday it has signed 12 memorandums of understanding and joint defense agreements to date, representing potentially 300 tons of annual production with customers in the aerospace and defense, data center and automotive sectors.

The company also said its Stillwater, Okla., magnet facility is on track for commissioning in the first quarter of next year.

"We are seeing a surge of customer interest," Chief Executive Joshua Ballard said, adding the company is actively engaging with over 70 companies. "We have the potential to sell out our first 1,200-ton production line prior to commissioning its full capacity."

Ballard said USA Rare Earth is looking to accelerate and strengthen its mine-to-magnet supply chain, scaling its business with targeted internal investments.

The company has expanded its team with roles across engineering, sales, manufacturing, and finance, it said.

In its latest quarter, USA Rare Earth posted a loss of $142.5 million, or $1.54 a share, compared with $2.6 million, or 4 cents a share, a year earlier. The latest quarter included a $132.7 million loss on the fair market value of some financial instruments.

It ended the quarter with $121.8 million in cash and no significant debt.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

August 11, 2025 17:09 ET (21:09 GMT)

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The latest quarter included a $132.7 million loss on the fair market value of some financial instruments. \n</p>\n<p>\n  It ended the quarter with $121.8 million in cash and no significant debt. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 11, 2025 17:09 ET (21:09 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4168","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2558862695","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2558862695","pubTimestamp":1754946540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"USA Rare Earth is seeing a swell of customer interest as it prepares to kickoff production at a new magnet facility.The mining and magnet company said Monday it has signed 12 memorandums of understanding and joint defense agreements to date, representing potentially 300 tons of annual production with customers in the aerospace and defense, data center and automotive sectors.The company also said its Stillwater, Okla., magnet facility is on track for commissioning in the first quarter of next year.\"We are seeing a surge of customer interest,\" Chief Executive Joshua Ballard said, adding the company is actively engaging with over 70 companies. \"We have the potential to sell out our first 1,200-ton production line prior to commissioning its full capacity.\". 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The latest quarter included a $132.7 million loss on the fair market value of some financial instruments. \n\n\n  It ended the quarter with $121.8 million in cash and no significant debt. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 11, 2025 17:09 ET (21:09 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}