https://www.usare.com/article?i=153871
USA Rare Earth Reports its Second Quarter 2025 Financial Results
STILLWATER, Okla., Aug. 11, 2025 (GLOBE NEWSWIRE) -- USA Rare Earth, Inc. (Nasdaq: USAR) ("USAR" or the "Company") today announced its financial and operational results for the second quarter and six months ended June 30, 2025.
Second Quarter Highlights
- Stillwater, Oklahoma magnet facility on track for 1Q26 commissioning.
- 12 MOUs and JDAs signed to date-representing the potential for approximately 300 tons of annual production with customers in Aerospace & Defense, Data Center, and Automotive sectors.
- Successfully extracted gallium and heavy rare earth concentrates from our Round Top deposit.
- Ended quarter with $121.8 million cash and no significant debt
- Current cash balance of $128.1 million as of August 7, 2025
- Expanded team with key talent in engineering, sales, manufacturing, and finance.
Executive Commentary
"We are seeing a surge of customer interest as we prepare to begin production at our Stillwater, Oklahoma magnet facility in early 2026," said Joshua Ballard, Chief Executive Officer. "With a dozen initial signed agreements and active engagements with over 70 companies across multiple high-growth industries, we have the potential to sell out our first 1,200-ton production line prior to commissioning its full capacity."
Ballard continued, "We are seizing this pivotal moment in the rare earth mineral and magnet industry to accelerate and strengthen our mine-to-magnet supply chain. With a strong capital position, disciplined growth strategy, and clear vision, we are scaling rapidly-through targeted internal investments and strategic opportunities that expand our capabilities, enhance returns, and solidify our leadership in this quickly evolving global market."
