Rare Earth Stocks List

Shin-Etsu Chemical is a Japanese chemicals group with businesses in semiconductor silicon, PVC, silicones and electronic materials. Its rare-earth business makes sintered neodymium-iron-boron magnets used in motors and other industrial equipment. Manufacturing operations are located in Japan, Vietnam and China. The Vietnam operation includes rare-earth refining and recycling as well as magnet production, giving Shin-Etsu exposure beyond the final manufacturing stage. Magnet sales form part of a much broader group, so its share price and market capitalization also reflect substantial businesses unrelated to rare earths.

China Northern Rare Earth is a Shanghai-listed rare-earth processor within Baotou Steel Group. It buys concentrate from related-party Baotou Steel and processes it at smelting and separation operations in Baotou, Inner Mongolia. The listed company does not own or operate the Bayan Obo mine. Its products include light rare-earth oxides, metals and alloys, permanent-magnet materials and other specialist materials. Operations are subject to China’s rare-earth production controls, while access to upstream feedstock depends on its relationship with the wider parent group.

Lynas Rare Earths mines and concentrates ore at Mt Weld in Western Australia. Its Kalgoorlie facility cracks and leaches concentrate before further separation at Lynas Malaysia. The group sells separated rare-earth products, including neodymium-praseodymium oxide. It added dysprosium and terbium oxide production in 2025 and first produced samarium oxide in March 2026. Expansion work is extending its product range and processing capacity. These operating facilities provide exposure to mined and separated rare earths; Lynas does not currently manufacture finished permanent magnets.

MP Materials operates the Mountain Pass rare-earth mine and processing facilities in California, producing concentrate and separated neodymium-praseodymium oxide. Its Independence plant in Fort Worth, Texas, has begun magnet production, while the larger 10X magnet facility remains under construction. MP is also developing heavy-rare-earth separation at Mountain Pass. The US Department of Defense is an investor and long-term offtake partner under arrangements that include price support, alongside commercial customer agreements including Apple. Mountain Pass is a major source of US mined rare earths, but the country also produces rare-earth-bearing monazite from mineral-sands operations.

China Rare Earth Resources and Technology, formerly China Minmetals Rare Earth, is a Shenzhen-listed rare-earth producer controlled by China Rare Earth Group since 2022. Its Hunan Rare Earth subsidiary undertakes ion-adsorption rare-earth mining, while other subsidiaries process and separate feedstocks into oxides, salts, metals and alloys. The business includes medium and heavy rare-earth products and operates under China’s production-control system. The listed company’s assets are distinct from those of its state-owned parent. The parent’s commitment to resolve overlapping separation businesses through future restructuring does not itself transfer those assets to the listed company.

Shenghe Resources is a Shanghai-listed rare-earth and mineral-sands group. Its Chinese operations separate rare-earth feedstocks, make metals, recycle rare-earth materials and process mineral sands into zircon, titanium products and monazite. Through wholly owned Peak Rare Earths, it controls the Ngualla development project in Tanzania, with an 84% interest in the local mining and refinery companies. Shenghe also holds minority investments in overseas rare-earth businesses, including MP Materials. Those investments give it financial exposure to other companies alongside its own processing operations. Ngualla remains a development asset; the group’s operating revenue also includes businesses outside rare earths.

USA Rare Earth owns businesses spanning rare-earth mining, metals, alloys and magnet manufacturing. It completed its combination with Serra Verde on 3 September 2026, adding the Pela Ema mine and processing operation in Goiás, Brazil. Pela Ema is an operating mine undergoing optimization and ramp-up. The group also owns Less Common Metals in the United Kingdom and is ramping its Stillwater magnet facility in Oklahoma. Its Wheat Ridge facility in Colorado runs demonstration processing campaigns. Round Top in Texas remains a development project; the August acquisition of Texas Mineral Resources consolidated USA Rare Earth’s economic interest. Additional planned capacity includes the Blacksburg metals-and-magnets facility in South Carolina.

Energy Fuels produces uranium and rare-earth materials through its US operations, including the White Mesa Mill in Utah. The mill processes monazite and has produced separated neodymium-praseodymium oxide; additional heavy-rare-earth circuits are under construction. The company completed its acquisition of Australian Strategic Materials on 28 August 2026, adding the operating Korean Metals Plant and the Dubbo development project in Australia. It also holds mineral-feedstock projects in Australia, Brazil and Madagascar. Its agreement to acquire magnet manufacturer VAC, announced on 23 June 2026, remains pending, so VAC is not yet part of the group. Its rare-earth business sits alongside uranium production and vanadium recovery capability.

Iluka Resources is an Australian mineral-sands producer building the Eneabba rare-earths refinery in Western Australia. The planned refinery will process monazite and xenotime into separated light and heavy rare-earth oxides, using stockpiled and third-party feedstock. Iluka reported construction 60% complete at its August 2026 results and continued to target commissioning in 2027. A non-recourse Australian government loan facility supports the development. The refinery is a new business alongside Iluka’s existing zircon and titanium-minerals operations; its planned separated-oxide capacity is not current production.

Sunrise Energy Metals is an ASX-listed project developer in New South Wales, Australia. Its Syerston project targets scandium oxide for applications including aluminum alloys and solid-oxide fuel cells. Scandium is a rare-earth element, but it is not one of the NdPr, dysprosium and terbium inputs used in NdFeB magnets. Syerston remains in development. The company also holds the Sunrise nickel-cobalt project, so its portfolio extends beyond rare earths.

Evolution Metals & Technologies is a Nasdaq-listed holding company with operating subsidiaries in South Korea. KMMI makes sintered magnets, NS World produces bonded magnets, KCM Industry manufactures NdFeB powder, and Handa Lab supplies machine-vision and testing systems. These activities provide downstream rare-earth and industrial-technology exposure without an operating rare-earth mine. The company plans to expand manufacturing and processing capabilities in the United States. Its June 2026 financial statements reported limited cash relative to its obligations and substantial doubt about its ability to continue as a going concern, making financing a material consideration for those expansion plans.

Neo Performance Materials is a Canadian specialty-materials group with rare-earth separation, magnetic powders, magnet components and recycling activities. Silmet in Sillamäe, Estonia, separates rare earths, while Magnequench supplies magnetic powders and alloys and SG Technologies makes magnetic components. Neo’s newer sintered-magnet plant is in Narva, Estonia. During its 2026 ramp-up, Narva was supplying qualification samples and preparing customer programs for commercial production. The group also produces other specialty metals and materials and has operations outside Europe, including in Asia. Its market value therefore reflects more than its European rare-earth and magnet facilities.

Arafura Rare Earths is developing Nolans in Australia’s Northern Territory as an integrated mine and processing operation producing separated neodymium-praseodymium oxide and a mixed middle-heavy rare-earth product. The board announced a final investment decision on 21 May 2026. In its FY2026 annual report, Arafura was preparing for main construction, with commissioning and production still ahead. Customer offtake agreements and government-backed financing support the project, while remaining funding conditions and drawdowns must be completed as construction progresses.

Tronox Holdings is an integrated titanium-dioxide and mineral-sands producer with mining operations in Australia and South Africa. Monazite from mineral-sands processing gives it rare-earth feedstock exposure. Tronox is studying a cracking and leaching operation in Western Australia to develop that business further, with a definitive feasibility study targeted for the third quarter of 2027. That downstream project is not an operating separation plant. Indications of potential government financing are conditional and non-binding. Rare earths remain part of a broader business led by titanium-dioxide pigment and mineral sands.

Brazilian Rare Earths explores and develops rare-earth deposits in the Rocha da Rocha province of Bahia, Brazil. Its portfolio includes Monte Alto and the Sulista and Pelé exploration areas, with rare earths occurring alongside other critical minerals. Monte Alto has a trial-mining license but is not a commercial producer. The company is evaluating processing and separation arrangements, including a proposed separation facility at the Camaçari industrial complex supported by an offtake and engineering agreement with Carester. Its deposits, processing plan and development schedule remain subject to further technical and project work.

Aclara Resources is developing ionic-clay rare-earth projects in Brazil and Chile, led by Carina in Goiás and the Penco module in Chile. The proposed product mix includes neodymium and praseodymium as well as smaller quantities of dysprosium and terbium. Aclara is also planning a separation facility in Louisiana and pursuing a metals-and-alloys venture with CAP. Carina has study-based mineral reserves, while Penco has received environmental approval. A September 2026 EXIM letter of interest for potential financing remains subject to the lender’s process and conditions.

NioCorp Developments is advancing the Elk Creek project in Nebraska, combining an underground mine with processing for niobium, scandium, titanium and rare-earth products. Its August 2026 feasibility study models a 40-year mine life and eight sale products, including NdPr, dysprosium and terbium oxides and two mixed rare-earth carbonates. Scandium is the largest modeled revenue category in that study, followed by niobium. Work on the mine portal is under way, but the full development still requires financing and detailed engineering. The study’s production and financial results are forecasts; Elk Creek is not an operating mine.

Rare Element Resources is advancing the Bear Lodge rare-earth project in Wyoming and demonstrating processing technology at Upton. Bear Lodge contains rare-earth mineralization including neodymium and praseodymium, but is not a commercial mine. The demonstration plant is intended to test recovery and separation before commercial development. General Atomics is associated with the company through its controlling shareholder, Synchron. The stock trades on the US OTC market under REEMF; demonstration-scale processing and technical backing do not establish a completed commercial project.

Idaho Strategic Resources operates the Golden Chest gold mine in Idaho and explores rare-earth properties at Lemhi Pass, Mineral Hill and Diamond Creek. Work on the rare-earth portfolio includes mapping, sampling and further exploration. Selected Lemhi Pass samples contain substantial neodymium and other magnet rare earths, but those samples do not establish a mineable resource or project-wide grade. The rare-earth assets remain exploration projects; the company’s existing operating business is gold.

Viridis Mining and Minerals is developing Colossus, an ionic-clay rare-earth project in Minas Gerais, Brazil. It holds rare-earth rights across the project and is evaluating mining and processing to produce a mixed rare-earth carbonate. The project has mineral resources, an ore reserve and a definitive feasibility study. Demonstration processing and environmental licensing work support further development, but Colossus has not reached commercial production. Viridis also participates in Viridion, a separation, refining and recycling venture with Ionic Rare Earths.

Meteoric Resources is developing Caldeira, an ionic-clay rare-earth project near Poços de Caldas in Minas Gerais, Brazil. Its July 2026 definitive feasibility study outlines mining and processing to produce mixed rare-earth carbonate containing neodymium, praseodymium, dysprosium and terbium. The study includes an ore reserve and a proposed operating life exceeding twenty years. Pilot processing supplies samples for prospective customers. Caldeira is progressing through environmental licensing, with commercial development dependent on financing, offtake arrangements and construction.

Pensana is developing Longonjo in Angola as a mine and processing operation producing mixed rare-earth carbonate. The project is held through Sable Min and Ozango Minerais, with other investors participating alongside the listed parent. Construction and financing are progressing in stages. On 6 August 2026, Pensana reported receiving $15 million of the proposed $165 million Cascade Natural Resources investment, with the remaining $150 million still outstanding. Angola’s sovereign wealth fund FSDEA is among the project’s funders. Pensana has a mine-to-magnet partnership with eVAC Magnetics, the US arm of magnet maker VAC, which is building a magnet plant at Sumter, South Carolina; separation and metal-making are still required between carbonate production and finished magnets.

Ucore Rare Metals is commercializing RapidSX, a solvent-extraction technology for separating mixed rare-earth feedstocks into individual products. It operates a demonstration facility in Ontario and is developing the Strategic Metals Complex in Alexandria, Louisiana, to process third-party material. Engineering plans provide for staged installation and expansion, with commercial throughput dependent on construction, commissioning and product qualification. Ucore also holds the Bokan-Dotson Ridge rare-earth deposit in Alaska as a longer-term development option.

Rare Earths Americas is a NYSE American-listed explorer with the Shiloh project in Georgia and the Alpha and Constellation projects in Brazil. Shiloh targets hard-rock rare-earth mineralization, while the Brazilian projects target ionic-clay deposits and have inferred mineral resources. None is an operating mine or has a mineral reserve. The company has not generated operating revenue and is undertaking exploration and technical work to assess future development.

American Rare Earths is developing the Halleck Creek rare-earth project in Wyoming and also holds La Paz in Arizona. Halleck Creek has a large, low-grade mineral resource and has undergone scoping work, with further studies evaluating mining and processing. The initial Cowboy State development area is on Wyoming state land; the wider project includes areas with different land and approval requirements. Halleck Creek has no mineral reserve and is not in commercial production.

Hastings Technology Metals holds a 40% participating interest in the Yangibana rare-earth project in Western Australia, following a completed transaction that gave Wyloo a 60% interest and the project-management role. Yangibana’s proposed first stage would produce concentrate containing neodymium and praseodymium. The project has study-defined resources and reserves and early infrastructure, but is not an operating mine. Hastings also holds the Brockman heavy-rare-earth and niobium project in Western Australia. Further development requires project funding and a final investment decision.

Defense Metals is developing its Wicheeda rare-earth project near Prince George, British Columbia. A 2025 preliminary feasibility study established a mineral reserve and a proposed open-pit mine and processing route. The company is carrying out drilling, metallurgical work and environmental studies as it advances toward further feasibility work and permitting. Wicheeda is not under commercial operation. Selection for government project support and invitations to apply for funding do not replace project approvals or committed construction finance.

Avalon Advanced Materials is a Canadian critical-minerals developer whose rare-earth asset is the wholly owned Nechalacho Basal Zone in the Northwest Territories. The deposit contains light and heavy rare earths as well as zirconium, niobium and tantalum. Its 2026 resource update provides a basis for further studies and process development; the project is not in construction or production. The current resource is not a mineral reserve, and the 2013 feasibility plan is being replaced by new technical work. Avalon also holds interests in lithium and tin-indium projects.

Appia Rare Earths & Uranium is a Canadian explorer with rare-earth and uranium exposure. Following a completed share exchange announced on 1 June 2026, Appia holds 25% of Ultra Rare Earth Inc., which indirectly owns the Ultra IAC and Ultra Hard Rock projects in Goiás, Brazil, formerly associated with the PCH name. This is an equity interest in the holding company rather than a direct project-company quota. Appia also explores Alces Lake in Saskatchewan and holds other Canadian rare-earth and uranium properties. It has no commercial rare-earth mine or processing operation.

Vital Metals is developing the Tardiff deposit at Nechalacho in Canada’s Northwest Territories. Its earlier small-scale mining campaign at North T was halted, and the associated Saskatoon processing subsidiary was written off. Tardiff has a mineral resource and a scoping study, with further work intended to support a pre-feasibility study. A non-binding arrangement with Ucore concerns potential future separation and does not establish commercial sales.

Mont Royal Resources is a project developer listed on the ASX and TSX Venture Exchange. Its principal asset is the wholly owned Ashram rare-earth and fluorspar deposit in northern Québec, acquired through the 2025 combination with Commerce Resources. A preliminary economic assessment outlines a potential mine and processing development, and further feasibility work is under way. Ashram has mineral resources but is not an operating mine. Mont Royal also owns 75% of Northern Lights Minerals, whose Québec properties provide exposure to other critical and precious metals.