# USA Rare Earth **USA Rare Earth** (NASDAQ: USAR) is an Oklahoma-based [[Rare Earth Elements]] company pursuing the piece of the supply chain that matters most strategically: not just mining the ore but **manufacturing sintered neodymium magnets** domestically. Its assets center on the Round Top deposit in West Texas and a magnet production facility in Stillwater, Oklahoma. In **January 2026** the federal government agreed to take a **10% equity stake** as part of a **$1.6 billion** debt-and-equity package — see [[USA Rare Earth Government Equity Stake]] for the terms and why the headline number overstates the equity component. The company sits alongside [[MP Materials]] as one of two domestic bets on breaking Chinese dominance of rare-earth magnet production, and alongside [[Lithium Americas]] and [[Trilogy Metals]] in the administration's critical-minerals equity portfolio. This is a stub — expand with the Round Top deposit history, the Stillwater magnet facility timeline, the company's SPAC-era corporate history, and management. ## See Also - [[USA Rare Earth Government Equity Stake]] - [[Government Equity Stakes Roster]] - [[American State Capitalism]] - [[Critical Minerals]] - [[MP Materials]]