Premarket Momentum Continues: USA Rare Earth (USAR.US) Rises Over 5% on Plans for French Rare Earth Metal and Alloy Plant

Stock News01-21

Shares of USA Rare Earth Inc. (USAR.US) continued their ascent in premarket trading on Wednesday, rising more than 5% after a two-day rally that had already accumulated a 15% gain. The stock is currently quoted at $20.03. On January 20, the company announced that its subsidiary, LCM Europe, will construct an annual production facility for 3,750 metric tons of rare earth metals and alloys in Lacq, France. This new plant will integrate with the adjacent Carester oxide processing facility to create a complete supply chain. The French government is supporting the project through its C3IV plan, offering tax credits covering up to 45% of equipment costs and €130 million in real estate support, thereby reducing the overall project cost. This initiative marks Europe's first rare earth metal production platform, significantly strengthening the company's "mine-to-magnet" vertical integration strategy and enhancing the rare earth supply chain for the United States and its allied nations.

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