USA Rare Earth Announces Closing of $75 Million PIPE Financing
USA Rare Earth (NASDAQ: USAR) has successfully closed a previously announced private investment in public equity (PIPE) financing worth $75 million with a single institutional investor. The proceeds will be allocated to fund capital expenditures for the company's magnet manufacturing facility in Stillwater, Oklahoma, along with working capital and operating expenses.
The PIPE transaction was facilitated by Cantor Fitzgerald & Co. as lead placement agent, with Cohen Capital Markets serving as placement agent. Roth Capital Partners and Jett Capital Advisors acted as advisors. The securities sold in this private placement are not registered under the Securities Act of 1933 and are subject to registration requirements or applicable exemptions for sale in the United States.
USA Rare Earth (NASDAQ: USAR) ha completato con successo un finanziamento privato in equity pubblica (PIPE) precedentemente annunciato, del valore di 75 milioni di dollari con un unico investitore istituzionale. I proventi saranno destinati a finanziare le spese in conto capitale per lo stabilimento di produzione di magneti dell'azienda a Stillwater, Oklahoma, oltre che il capitale circolante e le spese operative.
L'operazione PIPE è stata facilitata da Cantor Fitzgerald & Co. come agente principale per il collocamento, con Cohen Capital Markets come agente di collocamento. Roth Capital Partners e Jett Capital Advisors hanno agito come consulenti. I titoli venduti in questo collocamento privato non sono registrati ai sensi del Securities Act del 1933 e sono soggetti a requisiti di registrazione o a esenzioni applicabili per la vendita negli Stati Uniti.
USA Rare Earth (NASDAQ: USAR) ha cerrado con éxito una financiación privada en capital público (PIPE) previamente anunciada por un valor de 75 millones de dólares con un único inversor institucional. Los fondos se destinarán a financiar los gastos de capital para la planta de fabricación de imanes en Stillwater, Oklahoma, así como el capital de trabajo y los gastos operativos.
La transacción PIPE fue facilitada por Cantor Fitzgerald & Co. como agente principal de colocación, con Cohen Capital Markets actuando como agente de colocación. Roth Capital Partners y Jett Capital Advisors actuaron como asesores. Los valores vendidos en esta colocación privada no están registrados bajo la Ley de Valores de 1933 y están sujetos a requisitos de registro o exenciones aplicables para su venta en los Estados Unidos.
USA Rare Earth (NASDAQ: USAR)는 단일 기관 투자자와 함께 7,500만 달러 규모의 사모 공모 투자(PIPE) 자금을 성공적으로 마감했습니다. 이 자금은 회사의 오클라호마 주 스틸워터의 자석 제조 시설에 대한 자본 지출과 운전자본 및 운영 비용에 사용될 예정입니다.
PIPE 거래는 주간사인 Cantor Fitzgerald & Co.가 주도했으며, Cohen Capital Markets가 배정 대행사로 참여했습니다. Roth Capital Partners와 Jett Capital Advisors는 자문 역할을 맡았습니다. 이 사모 배정에서 판매된 증권은 1933년 증권법에 따라 등록되지 않았으며, 미국 내 판매를 위한 등록 요건 또는 적용 가능한 면제 대상입니다.
USA Rare Earth (NASDAQ: USAR) a clôturé avec succès un financement privé en actions publiques (PIPE) précédemment annoncé d'une valeur de 75 millions de dollars avec un seul investisseur institutionnel. Les fonds seront alloués pour financer les dépenses d'investissement de l'usine de fabrication d'aimants de la société à Stillwater, Oklahoma, ainsi que le fonds de roulement et les frais d'exploitation.
La transaction PIPE a été facilitée par Cantor Fitzgerald & Co. en tant qu'agent principal de placement, avec Cohen Capital Markets agissant comme agent de placement. Roth Capital Partners et Jett Capital Advisors ont agi en tant que conseillers. Les titres vendus dans ce placement privé ne sont pas enregistrés en vertu du Securities Act de 1933 et sont soumis aux exigences d'enregistrement ou aux exemptions applicables pour la vente aux États-Unis.
USA Rare Earth (NASDAQ: USAR) hat eine zuvor angekündigte private Investment-in-Public-Equity-Finanzierung (PIPE) in Höhe von 75 Millionen US-Dollar mit einem einzelnen institutionellen Investor erfolgreich abgeschlossen. Die Erlöse werden zur Finanzierung der Investitionsausgaben für die Magnetfertigungsanlage des Unternehmens in Stillwater, Oklahoma sowie für das Betriebskapital und die Betriebskosten verwendet.
Die PIPE-Transaktion wurde von Cantor Fitzgerald & Co. als leitendem Platzierungsagenten vermittelt, wobei Cohen Capital Markets als Platzierungsagent fungierte. Roth Capital Partners und Jett Capital Advisors fungierten als Berater. Die in dieser Privatplatzierung verkauften Wertpapiere sind nicht nach dem Securities Act von 1933 registriert und unterliegen den Registrierungspflichten oder den anwendbaren Ausnahmen für den Verkauf in den Vereinigten Staaten.
- Secured significant funding of $75 million through PIPE financing
- Funds will support capital expenditures for magnet manufacturing facility expansion
- Strong institutional backing with single investor commitment
- Potential dilution for existing shareholders through new securities issuance
- Securities are unregistered, limiting immediate tradability
STILLWATER, Okla., May 05, 2025 (GLOBE NEWSWIRE) -- USA Rare Earth, Inc. (Nasdaq: USAR) (USAR or the Company), today announced the closing of its previously announced private investment in public equity (PIPE) financing. The PIPE is with a single institutional investor for total gross proceeds of
Cantor Fitzgerald & Co. acted as lead placement agent for the private placement and Cohen Capital Markets also acted as placement agent. Roth Capital Partners, LLC and Jett Capital Advisors, LLC also acted as advisors to the Company on the transaction.
White & Case LLP served as legal counsel to USA Rare Earth. Reed Smith LLP served as legal counsel to the placement agents.
The securities sold in the private placement have not been registered under the Securities Act of 1933, as amended (the Securities Act), or applicable state securities laws and accordingly may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities being offered in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About the Company
USAR is building a vertically integrated, domestic rare earth magnet production supply chain. USAR is currently constructing a 310k square foot rare earth sintered neo magnet manufacturing facility in Stillwater, Oklahoma. USAR also controls mining rights to the Round Top Mountain rare earth and critical minerals deposit in West Texas, which holds significant deposits of heavy rare earths, such as dysprosium and terbium, as well as gallium, beryllium, lithium and other critical tech minerals. USAR's permanent neo 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.
FORWARD LOOKING STATEMENTS
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. These statements include statements relating to the Company’s expectations for future development, operations, business strategies and financial performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “anticipate”, “believe”, “can”, “continue”, “could”, “estimate”, “expect”, “forecast”, “intend”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “seek”, “should”, “strive”, “target”, “will”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from our expectations. These risks and uncertainties include, but are not limited to: risks related to the development of our magnet production facility and the timing of expected production milestones; competition in the magnet manufacturing industry; our ability to grow and manage growth profitably; our ability to build or maintain relationships with customers and suppliers; our ability to retain management and key employees; the supply and demand for rare earth minerals; the timing and amount of future production; costs of production, capital expenditures and requirements for additional capital; timing of future cash flow provided by operating activities, if any; uncertainty in any mineral estimates, uncertainty in any geological, metallurgical, and geotechnical studies and opinions; and transportation risks. Detailed information regarding factors that may cause actual results to differ materially have been and will be included in the Company’s periodic filings with the Securities and Exchange Commission (the “SEC”), including the Company’s Form 10-K that the Company filed with the SEC on March 31, 2025. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this release speak only as of its date. We undertake no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.
For more information, please visit USARE.com and connect with us on LinkedIn and X.
Investor Relations Contact:
Lionel McBee
VP, Investor Relations
lionel.mcbee@usare.com
Media Relations Contact:
Cricket PR
Brian Hyland
(201) 410-4563
USARE@cricketpr.com
FAQ
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