Why USA Rare Earth Stock Soared Today
USA Rare Earth (NASDAQ: USAR) stock, one of a handful of start-up companies attempting to jump-start rare-earth oxide mining and rare-earth magnet manufacturing in the United States, soared 10% through 12:20 p.m. ET Tuesday.
USA Rare Earth announced earlier in the day that its Less Common Metals Europe SAS subsidiary will develop a 3,750 metric ton per annum (mtpa) metal and alloy production facility in Lacq, France. The new facility will be co-located with an existing Carester SAS 1,600 mtpa Caremag oxide processing facility in Lacq, which is scheduled for commissioning in late 2026.
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Source Fool.com
