NasdaqGM:USARMetals and Mining
USA Rare Earth Deepens Supply Chain With Carester Stake And Magnet Ramp
USA Rare Earth invested $40 million for a 12.5% stake in French rare earth processing company Carester SAS.
The deal includes long term supply and offtake arrangements and is supported by the French government.
The company has commissioned its Stillwater, Oklahoma, magnet manufacturing facility, which is now open for commercial orders.
USA Rare Earth, listed as NasdaqGM:USAR, is expanding further into the rare earth value chain with these moves that link processing in Europe to magnet...