USA Rare Earth, Inc. (NASDAQ:USAR) released its second-quarter results after Monday's closing bell. Here's a look at the details from the report.
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The Details: USA Rare Earth reported quarterly losses of eight cents per share, which beat the analyst consensus estimate for losses of 10 cents.
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USA Rare Earth reported the following Q2 highlights:
- Stillwater, Oklahoma magnet facility on track for first quarter FY2026 commissioning.
- 12 MOUs and JDAs signed to date — representing the potential for approximately 300 tons of annual production with customers in Aerospace & Defense, Data Center and Automotive sectors.
- Successfully extracted gallium and heavy rare earth concentrates from the Round Top deposit.
- Ended quarter with $121.8 million cash and no significant debt.
“We are seeing a surge of customer interest as we prepare to begin production at our Stillwater, Oklahoma, magnet facility in early 2026,” said Joshua Ballard, CEO.
“With a dozen initial signed agreements and active engagements with over 70 companies across multiple high-growth industries, we have the potential to sell out our first 1,200-ton production line prior to commissioning its full capacity,” Ballard added.
USAR Stock Price: According to data from Benzinga Pro, USA Rare Earth stock was up 1.62% at $15.69 in Monday's extended trading.
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