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USA Rare Earth

Closed (deSPAC)

Materials · rare earth mining and magnet manufacturing

What it is
Rare Earth USAR is building a fully integrated rare earth and permanent magnet supply chain across the United States, United Kingdom, and Europe
What it’s doing now
Merging with Inflection Point Acquisition Corp. II (IPXX) — closed (despac).
What you should know
Data is still being assembled for this company — what is shown below is everything we have verified so far.

The business, per its filings

SEC primary

Rare Earth USAR is building a fully integrated rare earth and permanent magnet supply chain across the United States, United Kingdom, and Europe. Through its ownership of Less Common Metals Ltd. (LCM), one of the world’s leading producers of rare earth metals and alloys, and its development of magnet manufacturing capacity in Stillwater, Oklahoma, USAR operates across the entire value chain from heavy rare earth processing to metal-making, alloy production, and neodymium magnet manufacturing. By combining domestic feedstock from the Round Top deposit with advanced processing technologies, recycling capabilities, and a growing European industrial footprint, USAR is establishing a secure, sustainable, Western-aligned supply of materials essential to defense, robotics, semiconductors, electrification, and advanced manufacturing industries.

Source: DEFM14A, accession 0001213900-26-081091

What the company says about itself

Web research — not audited
What our web check found

[WEB-INTEL 2026-08-26] 1 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The Business Combination was approved by IPXX stockholders in a special meeting held on March 10, 2025 and formally closed on March 13, 2025." [https://www.cohencm.com/news/usa-rare-earth-and-inflection-point-acquisition-corp-ii-announce-closing-of-business-combination-and-upsized-pipe-funding] [WEB-INTEL 2026-08-26] 2 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The Business Combination was approved by IPXX stockholders in a special meeting held on March 10, 2025 and formally closed on March 13, 2025." [https://www.cohencm.com/news/usa-rare-earth-and-inflection-point-acquisition-corp-ii-announce-closing-of-business-combination-and-upsized-pipe-funding] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Raised approximately $1.5 billion in new equity capital through a private placement of 69,767,442 common shares at $21.50" [https://www.stocktitan.net/sec-filings/USAR/8-k-usa-rare-earth-inc-reports-material-event-4b615a9849da.html]

Source: company web presence · marketing claims are reported as claims, never merged into the filed figures above.

The deal it’s entering

USA Rare Earth is merging with Inflection Point Acquisition Corp. II (IPXX) currently marked Closed (deSPAC).

Headline equity value—

Structure per SEC accession(s) 0001213900-26-055803. How to read these numbers: headline vs effective valuation · what a definitive agreement commits

What exactly is being valued, and at what

Common questions

Is USA Rare Earth going public?

USA Rare Earth has an approved merger with the SPAC Inflection Point Acquisition Corp. II (IPXX). Deal status: Closed (deSPAC).

Does USA Rare Earth have revenue?

The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.

Educational content, not investment advice.

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Same sponsor’s other SPACs
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  • BCCQ — Bleichroeder Acquisition III · Deal announced
  • IPFX — Inflection Point Acq VI · Deal announced
  • CMII — Inflection Point Acquisition Corp. VII · Deal announced
  • PTOR — Praetorian Acquisition · Searching
  • BBCQ — Bleichroeder Acquisition II · Closed (deSPAC)