USA Rare Earth Announces Appointment of Rob Steele as Chief Financial Officer
USA Rare Earth (NASDAQ: USAR) has appointed William Robert (Rob) Steele Jr. as Chief Financial Officer, effective March 24, 2025. Steele brings over 30 years of finance and investment banking experience, having led more than $28 billion in capital raises and M&A transactions throughout his career.
As CFO, Steele will oversee finance, accounting, and investor relations at USAR, a company focused on building a domestic rare earth element magnet production supply chain. His experience includes serving as Global CFO at Mujin Corp. and Managing Director at Bank of America Securities.
The appointment aligns with USAR's strategic goals of scaling its mining and magnet manufacturing operations, particularly focusing on the development of the Round Top deposit and magnet facility. Steele's expertise in high-growth, disruptive industries and capital raising is expected to support the company's mission of returning rare earth mineral and magnet supply chain operations to America.
USA Rare Earth (NASDAQ: USAR) ha nominato William Robert (Rob) Steele Jr. come Chief Financial Officer, a partire dal 24 marzo 2025. Steele porta con sé oltre 30 anni di esperienza nel settore finanziario e nella banca d'investimento, avendo guidato oltre 28 miliardi di dollari in raccolte di capitali e transazioni di M&A nel corso della sua carriera.
In qualità di CFO, Steele supervisionerà le finanze, la contabilità e le relazioni con gli investitori di USAR, un'azienda focalizzata sulla creazione di una catena di produzione di magneti di elementi rari in America. La sua esperienza include ruoli come CFO globale presso Mujin Corp. e Managing Director presso Bank of America Securities.
La nomina è in linea con gli obiettivi strategici di USAR di espandere le sue operazioni minerarie e di produzione di magneti, concentrandosi in particolare sullo sviluppo del giacimento Round Top e dell'impianto di magneti. Si prevede che l'esperienza di Steele in settori ad alta crescita e dirompenti e nella raccolta di capitali sosterrà la missione dell'azienda di riportare le operazioni della catena di fornitura di minerali rari e magneti in America.
USA Rare Earth (NASDAQ: USAR) ha nombrado a William Robert (Rob) Steele Jr. como Director Financiero, con efecto a partir del 24 de marzo de 2025. Steele aporta más de 30 años de experiencia en finanzas y banca de inversión, habiendo liderado más de 28 mil millones de dólares en recaudaciones de capital y transacciones de M&A a lo largo de su carrera.
Como CFO, Steele supervisará las finanzas, la contabilidad y las relaciones con los inversores en USAR, una empresa enfocada en construir una cadena de suministro de producción de imanes de elementos raros en el país. Su experiencia incluye haber sido CFO Global en Mujin Corp. y Director General en Bank of America Securities.
El nombramiento se alinea con los objetivos estratégicos de USAR de escalar sus operaciones de minería y fabricación de imanes, centrándose particularmente en el desarrollo del depósito Round Top y la instalación de imanes. Se espera que la experiencia de Steele en industrias de alto crecimiento y disruptivas y en la recaudación de capital apoye la misión de la empresa de devolver las operaciones de la cadena de suministro de minerales raros e imanes a América.
USA Rare Earth (NASDAQ: USAR)는 2025년 3월 24일부터 William Robert (Rob) Steele Jr.를 최고재무책임자(CFO)로 임명했습니다. Steele은 30년 이상의 재무 및 투자은행 경험을 가지고 있으며, 그의 경력 동안 280억 달러 이상의 자본 조달 및 M&A 거래를 이끌어왔습니다.
CFO로서 Steele은 미국 내 희귀광물 자석 생산 공급망 구축에 집중하는 USAR의 재무, 회계 및 투자자 관계를 감독할 것입니다. 그의 경험에는 Mujin Corp.의 글로벌 CFO와 Bank of America Securities의 전무 이사로 재직한 경력이 포함됩니다.
이번 임명은 USAR의 광산 및 자석 제조 운영을 확장하려는 전략적 목표와 일치하며, 특히 Round Top 광산 및 자석 시설 개발에 중점을 두고 있습니다. Steele의 고성장 및 파괴적 산업에 대한 전문성과 자본 조달 경험은 희귀광물 및 자석 공급망 운영을 미국으로 되돌리려는 회사의 미션을 지원할 것으로 기대됩니다.
USA Rare Earth (NASDAQ: USAR) a nommé William Robert (Rob) Steele Jr. au poste de Directeur Financier, à compter du 24 mars 2025. Steele apporte plus de 30 ans d'expérience dans le domaine des finances et de la banque d'investissement, ayant dirigé plus de 28 milliards de dollars en levées de fonds et transactions de fusions-acquisitions au cours de sa carrière.
En tant que CFO, Steele supervisera les finances, la comptabilité et les relations avec les investisseurs chez USAR, une entreprise axée sur la construction d'une chaîne d'approvisionnement pour la production de magnétites d'éléments rares. Son expérience comprend des postes de CFO mondial chez Mujin Corp. et de directeur général chez Bank of America Securities.
Cette nomination s'inscrit dans les objectifs stratégiques d'USAR d'élargir ses opérations minières et de fabrication de magnétites, en se concentrant particulièrement sur le développement du gisement Round Top et de l'installation de magnétites. L'expertise de Steele dans des secteurs à forte croissance et disruptifs et dans la levée de fonds devrait soutenir la mission de l'entreprise de ramener les opérations de la chaîne d'approvisionnement de minéraux rares et de magnétites en Amérique.
USA Rare Earth (NASDAQ: USAR) hat William Robert (Rob) Steele Jr. zum Chief Financial Officer ernannt, der am 24. März 2025 sein Amt antreten wird. Steele bringt über 30 Jahre Erfahrung in Finanzen und Investment Banking mit und hat in seiner Karriere über 28 Milliarden Dollar an Kapitalbeschaffungen und M&A-Transaktionen geleitet.
Als CFO wird Steele die Finanzen, die Buchhaltung und die Investorenbeziehungen bei USAR überwachen, einem Unternehmen, das sich auf den Aufbau einer heimischen Produktionsversorgungskette für Magnete aus seltenen Erden konzentriert. Zu seinen Erfahrungen gehört die Tätigkeit als Global CFO bei Mujin Corp. und als Managing Director bei Bank of America Securities.
Die Ernennung steht im Einklang mit den strategischen Zielen von USAR, die Bergbau- und Magnetherstellungsaktivitäten zu skalieren, insbesondere mit dem Fokus auf die Entwicklung des Round Top-Vorkommens und der Magnetanlage. Steeles Expertise in wachstumsstarken, disruptiven Branchen und in der Kapitalbeschaffung wird voraussichtlich die Mission des Unternehmens unterstützen, die Lieferkette für seltene Erden und Magnete nach Amerika zurückzubringen.
- Appointment of seasoned financial executive with over $28B in capital raises and M&A experience
- Strategic hire to support scaling of mining and magnet manufacturing operations
- Strong background in high-growth and disruptive industries relevant to USAR's business
- None.
STILLWATER, Okla., March 24, 2025 (GLOBE NEWSWIRE) -- USA Rare Earth (Nasdaq: USAR) (“USAR” or the “Company”), a company building out a domestic rare earth element magnet production supply chain that includes the mining and processing of heavy rare earths and other critical minerals, today announced the appointment of William Robert (Rob) Steele Jr. as Chief Financial Officer, who will start March 24, 2025. In this role, Mr. Steele will oversee all finance, accounting, and investor relations organizations at the Company.
Mr. Steele has over 30 years’ experience in finance and investment banking. He has a strong background working with high-growth, disruptive companies and has led over
“I sought a hands-on partner who could help us scale USA Rare Earth swiftly in the coming years while also helping to communicate and build our story in addition to developing strong relationships with our stakeholders. Rob fits that bill exactly and I couldn’t be happier that he’s joining our team,” said Joshua Ballard, CEO. “I am confident Rob will hit the ground running and work closely with the team to not only establish the foundation needed as we scale, but also to play a key role in raising capital to fund this growth as we look to maximize the potential of our magnet facility and the Round Top deposit in the coming years.”
Mr. Steele stated, “I am excited to join USA Rare Earth during this critical time in its evolution. I strongly believe in USAR’s mission of returning the rare earth mineral and magnet supply chain to America. This effort is mission-critical to onshoring and sustaining growth in key industries including EVs, renewable energy, defense, and physical AI/robotics. I am thrilled to have the opportunity to work with Josh and the USA Rare Earth team and look forward to getting started.”
Prior to joining the Company, Mr. Steele was Global Chief Financial Officer at Mujin Corp., a physical AI industrial robotics software company. Prior to Mujin, Mr. Steele was Managing Director at Bank of America Securities responsible for public and private equity, debt and M&A transactions. Mr. Steele has focused on disruptive high growth industries like USAR’s throughout much of his career and brings a wide range of experience across diverse industries such as robotics, consumer electronics, food/agtech, consumer retail, and hospitality, among others. He started his career as an accountant at Ernst & Young in audit and litigation consulting.
Mr. Steele holds an MBA from UCLA Anderson School of Management and a BA in Business Economics from UC Santa Barbara.
About USA Rare Earth
USA Rare Earth, LLC is building a vertically integrated, domestic rare earth element magnet production supply chain. USAR is constructing a rare earth neo magnet manufacturing facility in Stillwater, Oklahoma. The Company also controls mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas, which holds significant deposits of heavy rare earth minerals, such as dysprosium and terbium, as well as other critical tech metals such as gallium, beryllium, lithium, and other critical minerals. USAR’s magnets and rare earth minerals are required for a wide variety of products used in the defense, automotive, aviation, industrial, medical, and consumer electronics industries.
For more information about USA Rare Earth, visit www.usare.com.
Investor Relations Contact:
Lionel McBee
VP, Investor Relations
lionel.mcbee@usare.com
Media Relations Contact:
Gateway Group
Zach Kadletz
949-574-3860
USARE@Gateway-grp.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2deaced6-0559-4d13-b35e-6c684cea7511
FAQ
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