RockBreaks – USA Rare Earth, Inc. (NASDAQ: USAR) Reported Q2 2026 Results, Advanced Integrated Rare Earth Supply Chain
USA Rare Earth (NASDAQ: USAR) reported second-quarter 2026 revenue of $5.8 million and approximately $1.53 billion in cash as of June 30. During the quarter, the company finalized agreements providing access to up to $1.6 billion in U.S. Department of Commerce CHIPS Act funding, announced a definitive agreement to acquire Serra Verde Group for approximately $2.8 billion and selected Blacksburg, South Carolina, for a new rare earth metal and magnet manufacturing operation. USA Rare Earth also commissioned its Wheat Ridge, Colorado, hydrometallurgical demonstration facility, produced its first commercial yttrium metal through Less Common Metals and received funding commitments supporting its Round Top project and domestic rare earth processing…