USA Rare Earth Acquires UK’s Less Common Metals in $100M Deal to Accelerate Mine-to-Magnet Strategy

USA Rare Earth (Nasdaq: USAR) announced it will acquire Less Common Metals (LCM), a UK-based producer of rare earth metals and alloys, in a $100 million cash-and-stock deal designed to accelerate its vertically integrated mine-to-magnet strategy

Under the terms of the agreement, USAR will pay $100 million in cash and issue 6 74 million common shares to complete the transaction

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