Investing.com — stock jumped 9% in premarket trading Monday after the company announced a definitive agreement to acquire LCM, a UK-based rare earth metal and alloy producer, for $100 million in cash and 6.74 million shares of USAR common stock.
The acquisition represents a significant step in USAR’s mine-to-magnet strategy, establishing an end-to-end rare earth supply chain. LCM holds a unique position as the only proven ex-China producer of both light and heavy rare earth permanent magnet metals and alloys at scale.
“The acquisition of LCM is a bold and transformative leap forward for our Company and the domestic rare earth industry,” said Michael Blitzer, Chairman of USAR. “Midstream metal making is the linchpin of the global supply chain and LCM is the only proven ex-China producer of rare earth metal, alloys, and strip casting at scale.”
LCM operates a 67,000 square foot production facility in Cheshire, UK, and produces various rare earth metals and alloys including Samarium, Neodymium Praseodymium, and Dysprosium. The company supplies customers across defense, automotive, electric vehicle, and industrial sectors in the U.S., UK, France, Germany, Japan, and Taiwan.
The transaction provides USAR with access to high-quality rare earth metal and strip cast alloy for its Oklahoma magnet facility and brings the capability to process recycled materials. This acquisition secures a vital link in USAR’s developing end-to-end rare earth supply chain.
The deal is expected to close in the fourth quarter of 2025, subject to customary closing conditions and regulatory approval in the UK.
In a separate announcement, USAR said Barbara Humpton, former CEO of Siemens USA, will become the company’s new Chief Executive Officer effective October 1, 2025, succeeding Josh Ballard.
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