Mining / Critical Minerals
USA Rare Earth
Mining / Critical Minerals
Oklahoma-based, building a fully integrated rare earth + permanent magnet supply chain across the US, UK, and Europe -- owns Less Common Metals Ltd (LCM), developing magnet manufacturing in Stillwater, OK. In 2026 entered a definitive agreement to acquire Serra Verde (the only producer outside Asia supplying all four magnetic rare earths at scale) and agreed to acquire ~13.6% minority stakes each in Carester SAS (French rare earth processing/separation leader). The Trump administration announced plans to invest $1.6B for a 10% government equity stake, plus $1.3B in senior secured debt financing at market rates via a Department of Commerce finance facility created under the CHIPS and Science Act.
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