USA Rare Earth
VerifiedDate | Investors | Amount | Round |
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- | investor investor | $0.0 | round |
N/A | $0.0 | round | |
N/A | $0.0 | round | |
N/A | $0.0 | round | |
N/A | $51.0m | Late VC | |
Total Funding | 000k |
RELATED LANDSCAPES AND LISTS
Recent News about USA Rare Earth
EditUSARE.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.