USA Rare Earth, Inc. (USAR) accelerates commercialization timeline for its Round Top heavy rare-earth deposit in Texas, aiming for commercial production in late 2028, two years earlier than expected. The company achieves promising results from solvent-extraction piloting and plans to operate its Hydromet demonstration facility in Colorado this year.

The milestones highlight USA Rare Earth’s progress in extracting value from the Round Top deposit, known for heavy rare-earth elements gallium and beryllium. CEO Barbara Hampton emphasizes the importance of accelerating domestic production to meet rising global demand for rare earth magnets and reduce reliance on China for critical components.

Analysts at Benchmark reaffirm USAR as a Buy with a $15 price target, citing confidence in the company’s vertically integrated concept through the acquisition of LCM. USA Rare Earth is building a U.S. supply chain for rare earth elements and magnets to lessen dependence on China for defense, EVs, electronics, and green energy components.

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Read more at Yahoo Finance: USA Rare Earth, Inc. (USAR) Eyes Commercial Production at Round Top Heavy Rare Earth Deposit in Texas