On June 22, USA Rare Earth rose 5.22% in regular trading, trading at approximately $25.73/share, with turnover of $111 million.
On the news front, the company announced on June 15 that its hydrometallurgical demonstration facility in Wheat Ridge, Colorado has been officially commissioned, with separated oxide production expected to begin in Q3. The resulting oxides are planned to feed the company's Less Common Metals subsidiary, marking a key milestone in its full rare earth supply chain buildout. This catalyst has continued to drive momentum over subsequent sessions.
The stock had previously declined sharply from approximately $30 following the signing of a $1.6 billion funding agreement with the U.S. Department of Commerce, encountering sell-the-news pressure compounded by insider selling plans and an ongoing MP Materials trade secret litigation. The current advance represents a continuation of the technical rebound from oversold levels. Within the Diversified Metals & Mining sector, MP Materials rose 3.0% and Critical Metals Corporation gained 2.91% on the same day, indicating broader strength in rare earth and critical minerals names.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments