USA Rare Earth

USA Rare Earth

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Positioned to become the leading supplier of critical materials for the green energy and technology revolution. Learn more

Launch date
Employees
Market cap
-
Net debt
-
Enterprise valuation
$200—300m (Dealroom.co estimates May 2021.)
New York City New York (HQ)
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$51.0m

Late VC
Total Funding000k

Recent News about USA Rare Earth

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USARE.com is a leading supplier of critical materials that are essential in the green energy and technology revolution. The company aims to be the first domestic provider that is vertically integrated, meaning it controls every stage of the process, from mining to manufacturing. This approach allows USARE to ensure that environmental, social, and governance (ESG) best practices are followed at all stages.

The company operates in the green tech market, serving clients who require rare earth elements (REEs) and high-tech metals for their products. These materials are sourced from the Round Top Heavy Rare Earth, Lithium, and Critical Minerals Project in West Texas. This project has a wide range of critical REEs and high-tech metals, including battery-grade lithium and other metals like gallium, zirconium, hafnium, and beryllium.

USARE's operations are powered entirely by an onsite solar plant, demonstrating their commitment to sustainable practices. The company uses a heap leach extraction process, which is environmentally friendly and economically efficient. The extracted materials are then processed to separate and purify the various metal compounds. This processing is optimized at a facility in Colorado, and USARE plans to scale up these facilities to meet forecasted demand growth.

In addition, USARE has acquired neodymium iron boron (NdFeB) permanent magnet manufacturing equipment to help meet demand and complete its domestic mine-to-magnet supply chain. The company plans to produce 1,200 tonnes of high-performance magnets per year initially, with a goal to ramp up to 4,800 tonnes.

In summary, USARE.com is a green tech materials supplier that operates using sustainable practices, serving clients who require critical materials for their products.

Keywords: Green Tech, Critical Materials, Rare Earth Elements, High-Tech Metals, Vertically Integrated, ESG Practices, Heap Leach Extraction, Sustainable Mining, Domestic Supply Chain, NdFeB Magnets.

Tech stack

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