Release Details

Allows USAR to Begin Fulfilling Customer Orders in 2Q26, With Further Capacity Expansion to Follow

Critical Step in USAR’s Effort to Secure, Reshore and Grow a Globally Integrated Rare Earth Value Chain

STILLWATER, Okla., March 26, 2026 (GLOBE NEWSWIRE) -- USA Rare Earth, Inc. (Nasdaq: USAR) ("USAR" or the "Company") today announced the successful commissioning of its commercial magnet production line (Phase 1a) at its facility in Stillwater, Oklahoma. This enables the Company to begin fulfilling customer orders for sintered neodymium-iron-boron (NdFeB) permanent magnets in the second quarter of 2026.

“Today’s announcement is a major step in delivering on our ambition to build a global champion and the partner of choice in rare earth elements, oxides, metals and magnets,” said Barbara Humpton, Chief Executive Officer of USA Rare Earth. “It is also a testament to the hard work of our team and their dedication to our mission. As we scale production, we are proud to help reduce reliance on foreign manufacturing while serving industries critical to our nation and its allies.”

Commissioning is a critical step in validating any manufacturing line for commercial production at scale. In this case, it represents the consistent, successful achievement of a complex, multi-step process to make commercial-grade permanent magnets. It begins with the formation of rare earth and metallic elements into a powder, then jet milling this powder to 3-5 microns in size (around 20 times finer than a human hair) in an oxygen-restricted environment. This extremely fine powder is “wet pressed” into large blocks, which are then machined, coated and magnetized to form the final product: high-grade permanent magnets that are essential to the aerospace and defense, semiconductor, energy, data center, physical AI, mobility, healthcare and numerous industrial sectors, particularly where reliability at very high temperatures is required.

This process is managed from start to finish by the more than 100 employees of USAR’s Stillwater facility. Phase 1a is expected to ramp to a run rate capacity of 600 mtpa by the end of Q4 2026. Combined with the production expected from the next line (Phase 1b), USAR anticipates total active production capacity at Stillwater of 1,200 mtpa in Q1 2027.

About USA Rare Earth

USA Rare Earth, Inc. (Nasdaq: USAR) is building a globally integrated rare earth and permanent magnet value chain across the United States, United Kingdom, and Europe. Through its ownership of Less Common Metals Ltd. (LCM) and development of magnet manufacturing capacity in Stillwater, Oklahoma, USAR operates across the value chain—from heavy rare earth processing to metal-making, alloy production, and neodymium magnet manufacturing. By combining domestic feedstock from the Round Top deposit with advanced processing technologies, recycling capabilities, and an expanding European footprint, USAR is establishing a secure, sustainable, Western-aligned supply of materials essential to defense, electrification, robotics, energy, and advanced manufacturing.

For more information on USAR, visit https://www.usare.com.

Forward-Looking Statements

Certain matters discussed in this press release are or contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These statements, which involve risks and uncertainties, include, but are not limited to, statements relating to USAR’s ability to begin fulfilling customer orders for sintered NdFeB permanent magnets and the timing thereof, the expected run rate capacity of Phase 1a, and the total expected capacity of Phase 1a and Phase 1b and the timing thereof. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. Words such as "anticipate", "believe", "can", "continue", "could", "estimate", "expect", "forecast", "intend", "may", "might", "plan", "possible", "potential", "predict", "project", "seek", "should", "strive", "target", "will", "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from our expectations. These risks and uncertainties include, but are not limited to: (1) the risk that Phase 1a will not be able to commence commercial production of sintered NdFeB permanent magnets due to technical, labor, funding or other challenges in the timeframe and with the capacity anticipated by the Company or at all; (2) the risk that the Company will not be able to commission Phase 1b due to technical, labor, funding or other challenges in the timeframe or with the capacity anticipated by the Company or at all; (3) competition and technological developments in the magnet manufacturing industry; (4) demand for sintered NdFeB permanent magnets; (5) the ability to attract and retain management and key employees; (6) the ability to build and maintain relationships with customers and suppliers, including suppliers of products and materials necessary to produce sintered NdFeB permanent magnets; (7) the Company's ability to obtain financing as needed; (8) the diversion of management time from ongoing business operations and opportunities as a result of the various transactions in which the Company is engaged; and (9) the risk of litigation related to the various transactions in which the Company has engaged and/or the development of the Company's projects. Further information regarding risks and uncertainties that may cause actual results to differ materially has been and will be included in the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K that the Company filed with the SEC on March 31, 2025, the Company's latest Quarterly Reports on Form 10-Q filed with the SEC, and the Current Report on Form 8-K that the Company filed with the SEC on January 26, 2026. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements speak only as of their date, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances occurring after their date or to reflect the occurrence of unanticipated events.

USAR Investor Contact:
J.B. Lowe, CFA
VP, Head of Investor Relations
IR@usare.com

USAR Media Relations Contact:
Teneo
USARareEarth@teneo.com