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USA Rare Earth to acquire Texas Mineral Resources for $73M in stock, making it sole operator of North America’s largest heavy rare earth deposit, aiming for earlier production and reduced Chinese mineral dependence.
USA Rare Earth agreed to acquire Texas Mineral Resources in a $73 million all-stock deal, making it the sole operator of the Round Top project, North America’s largest known heavy rare earth deposit.
The transaction, expected to close by Q3 2026, advances the company’s goal of commercial production by late 2028, up from 2030, and supports U.S. efforts to reduce reliance on Chinese critical mineral supplies.
The move is backed by potential federal funding and aligns with broader national security and industrial strategy goals.
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EE.UU. Rare Earth para adquirir Texas Mineral Resources por $ 73M en stock, convirtiéndose en el único operador del depósito de tierras raras pesadas más grande de América del Norte, con el objetivo de una producción más temprana y reducir la dependencia de minerales chinos.