TheTechno Optimist.

Stillwater, Oklahoma magnet plantUSA Rare Earth Inc—USA Rare Earth commissions Phase 1a magnet production at Stillwater facility; customer orders begin Q2 2026USA Rare Earth Inc—USA Rare Earth secures $1.6 billion in US government funding and $1.5 billion in private capital

USA Rare Earth Inc

Rare earth, magnets, neodymium-iron-boron, NdFeB, permanent magnets

USpublicest. 2019usare.com (opens usare.com)Checked 11 Oct

The brief

Analyst view
  • Phase 1a magnet production commissioned March 2026 at Stillwater (310k sq ft), ramping to 600 t/yr by Q4 2026, 1,200 t/yr by Q1 2027.
  • January 2026: $1.5B private capital + $1.6B US government CHIPS Act funding = $3.5B total committed capital.
  • Building mine-to-magnet supply: Round Top (Texas) + Less Common Metals (UK) mines, magnet production in Oklahoma, international expansion.

Technical approach

As reported
Mine-to-magnet integration

Vertical control from ore to finished magnets

Owns/controls mining (Round Top-Texas, Less Common Metals-UK), processing and magnet production. Reduces supply-chain risk and IP exposure.

Sintered NdFeB magnets

Strongest permanent magnets

Sintered neodymium-iron-boron magnets are strongest in widespread use; critical for EV motors, wind, defense.

US government backing

CHIPS Act critical minerals funding

$277M federal + $1.3B senior secured loans under CHIPS Act recognizing rare earth magnets as critical to US semiconductor and defense.

Primer