USA Rare Earth Poised to Buy Rest of Stake in Round Top Deposit

USA Rare Earth Inc. is planning to acquire the remaining minority interest of a Texas rare earth deposit in an all-stock transaction that values the deal at about $73 million, according to people familiar with the matter.

The Stillwater, Oklahoma-based company will acquire all of the outstanding shares of Texas Mineral Resources Corp. for about 3.8 million shares of USA Rare Earth common stock with an implied total deal value of some $73 million, said the people, who requested anonymity to discuss a plan that isn’t yet public. The purchase will make USA Rare Earth the sole operator of the ...