USA Rare Earth to Buy Remaining Stake in Texas Round Top Deposit

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USA Rare Earth, a U.S. rare earth company, has announced plans to acquire the remaining stake in the Round Top deposit located in Texas. The deposit is considered one of the largest and most diverse rare earth mineral resources in North America. The acquisition will give USA Rare Earth full ownership and control over the strategically important asset.

Why it matters

Rare earth minerals are critical for the production of many high-tech products, including electric vehicles, smartphones, and renewable energy technologies. By securing full control over the Round Top deposit, USA Rare Earth is positioning itself to play a key role in the domestic supply of these essential materials, reducing U.S. reliance on foreign sources.

The details

According to the report, USA Rare Earth will purchase the remaining stake in the Round Top deposit from its current joint venture partner. The deposit is estimated to contain a diverse array of rare earth elements, as well as other critical minerals. The acquisition will give USA Rare Earth complete ownership and operational control over the asset, allowing the company to develop and extract the resources as needed to support domestic manufacturing and supply chains.

• USA Rare Earth announced the acquisition on March 5, 2026.

What’s next

The acquisition is expected to close in the coming months, subject to regulatory approvals. Once completed, USA Rare Earth will move forward with plans to develop and extract the rare earth resources at the Round Top deposit to support domestic supply chains.