Desk · Development / financing · Magnets & alloys
NASDAQ:USAR
USA Rare Earth
Nasdaq magnet company with Stillwater sinter, Round Top (Texas) HREE-gallium, and a pending $2.8B bid for Brazil’s Serra Verde ionic clay mine.
Strong
Pulse Timeline
Isoelectric line is the baseline Pulse. Spike height is catalyst strength. Wide gaps or a flat line = stalled progress / life support.
- 1) 03-01 Nasdaq
- 2) 08-01 Beat
- 3) 08-28 Vote
- 4) 06-01 Oxide
Lead II · 25 mm/s · Pulse 10 mm/mV · snapshot 2026-08-22
Accelerating
Beats are clustering. The calendar is the trade.
- Last beat
- 21d
- Beats / 90d
- 1
- Recent gap
- 518d
1 beats in 180d
- — Last material beat 21d ago — TMRC / Round Top consolidation closed.
- — Next: Serra Verde acquisition vote (6d).
- — Recent gap 518d between prints.
- — US listing is done. Pulse is the asset, not the ticker.
Trading
- Last
- $19.29
- 1d
- +10.2%
- Mkt cap
- $4.7B
- Volume
- 13.4M
- 52-week
- $11.45 – $43.98
- 1m
- -8.0%
- 3m
- +14.0%
- 1y
- +80.0%
Shares — · EV / MagREO $118M/kt · snapshot, not a live tape
Company & people
HQ
Stillwater, Oklahoma / Texas
Focus
Magnets & alloys · Ionic clay
CEO Joshua Ballard
- Joshua Ballard, CEO
- Mike Blitzer, Chair
- Less Common Metals (UK) metals team
Mine / project
Flagship
Round Top + Stillwater magnets + Serra Verde (pending)
Location
Hudspeth County, Texas; Stillwater, OK; Goiás, Brazil (pending) · United States / Brazil
Deposit
Rhyolite (Round Top); ionic clay (Serra Verde); sintered NdFeB
Resource
Round Top: large low-grade rhyolite, HREE + Ga + Be + Li, permitted surface mine on private land. Serra Verde: producing Pela Ema ionic clay.
NdPr / MagREO
Magnet plan 1,200 tpa near-term, 4,800 tpa registered; mine feed is HREE-skewed not Mountain Pass-grade NdPr.
Desk basket
40 kt MagREO (desk)
Radioactivity
Low — permit tell vs peers
Capital, loans, grants & support
Q2’26 revenue $5.8m, all LCM. Magnet revenue still ahead of the print.
US Dept. of Commerce grant
Support package language up to $1.6B — treat as signal, not funded term sheet
- Stillwater magnet qualification underway
- LCM UK alloy book
The Pulse
Serra Verde vote 28 August is the rewrite. Magnets are running; Q2 revenue was LCM, not sinter. A yes makes this an operating HREE miner plus magnets. A no leaves a permitted Texas deposit and a plant still ramping.
Listed via Inflection Point SPAC (Mar 2025). Already Nasdaq — pulse is asset assembly, not uplisting.
Next: 28 Aug 2026 — Serra Verde shareholder vote
Catalysts
- 1 Mar 2025Nasdaq listing via Inflection Point SPAC listing
- 1 Aug 2026TMRC / Round Top consolidation closed other
- 28 Aug 2026Serra Verde acquisition vote vote
- 1 Jun 2028Round Top commercial production (plan) production
Journal
Desk note
Stays on this device. Not the press release.
Pulse = Catalyst proximity + government/strategic support + Nasdaq-path / listing signals + valuation & execution + stage progress. Method