6 Rare Earth Magnet Stocks Building Supply Chains Outside China
Six publicly traded companies that make rare earth permanent magnets, or the alloy they are pressed from, outside China: three with magnet plants in operation, two whose new plants are producing samples for customer qualification, and one supplying magnet alloy while its purchase of a magnet maker awaits approval.
China accounted for 60% of global mining of magnet rare earths in 2024, 91% of refined output, and 94% of sintered neodymium-iron-boron (NdFeB) magnet production, according to the International Energy Agency’s April 2026 rare earths report1. Since Beijing began licensing exports of heavy rare earths and the magnets that contain them, that concentration has produced a two-tier market: by April 2026, European prices for dysprosium and terbium ran around five times Chinese domestic levels, and neodymium-praseodymium (NdPr) oxide reached roughly $125 USD per kilogram in February 2026, its highest since mid-20222.
The shortfall widens at each step down the chain. The IEA estimates that closing ex-China supply gaps by 2035 would need the project pipeline to expand 2 times in mining, 4 times in refining and 6 times in magnet manufacturing, and announced ex-China magnet capacity covers less than 20% of projected ex-China need1. Diversifying magnet rare earth supply would take around $60 billion USD of investment over the next decade1. Governments are underwriting that build-out directly, with price floors, offtakes and grants attached to specific plants, and the G7 has set a target of cutting single-supplier dependency for rare earths and magnets below 60% by 20303.
This guide profiles six publicly traded companies that manufacture rare earth permanent magnets, or the magnet alloy they are pressed from, outside China. Its purpose is to set out the investable universe and where each company stands in it, not to recommend any of the stocks. To qualify, a company has to own magnet or magnet-alloy production. “Ex-China” means the plant is outside China. It does not mean a China-free supply chain, and Shin-Etsu and Neo, for example, still have commercial ties in China and across Asia. Companies that mine, refine or separate the oxides those plants consume are covered in our full rare earth stocks list, whatever their size. Two of the largest, Lynas Rare Earths and Iluka Resources, are described under notable mentions below. Readers who prefer fund exposure to single stocks can start with our rare earth ETFs list.
Which publicly traded companies manufacture NdFeB magnets?
Outside China, the listed companies with sintered NdFeB magnet plants in operation are Shin-Etsu Chemical (Japan and Vietnam), MP Materials (Fort Worth, Texas, still in customer qualification), Evolution Metals & Technologies (two small plants in South Korea), and Neo Performance Materials, whose Estonia plant is ramping from qualification volumes and whose Magnequench division has made bonded magnet powders for decades. USA Rare Earth is ramping newly commissioned capacity on its first Oklahoma line through customer qualification. Other significant manufacturers are not available to investors on public markets: Japan’s Proterial is privately owned, and Germany’s VAC remains privately held pending Energy Fuels’ proposed acquisition.
China’s leading producers list at home: JL MAG Rare-Earth and Zhongke Sanhuan in Shenzhen, Ningbo Yunsheng in Shanghai. JL MAG is the exception that is straightforward to buy from outside China, having dual-listed in Hong Kong as 6680.HK in January 2022. The rest trade only on the mainland exchanges.
| Company | Supply chain role | Stage | Ex-China base | Mkt cap |
|---|---|---|---|---|
| MP MaterialsMP | Mine-to-magnet platform | Commissioning / qualification | United States | $9.7B |
| Shin-Etsu Chemical4063.T | Established manufacturer | Operating | Japan, Vietnam | $68B |
| Evolution Metals & TechnologiesEMAT | Small-scale magnet producer | Operating / expansion under way | South Korea | $2.1B |
| Neo Performance MaterialsNEO.TO | European sintered magnet facility | Qualification ramp | Estonia | $1.1B |
| USA Rare EarthUSAR | Commissioned magnet facility / operating metals business | Qualification and initial commercial ramp | United States and United Kingdom | $4.4B |
| Energy FuelsUUUU | Rare-earth oxides and alloys | Operating / magnet acquisition pending | United States and South Korea | $3.8B |
Stage refers to the company’s magnet-chain operations, not the wider business: Energy Fuels sells uranium and other products today while its heavy rare earth circuits are still under construction. Rows follow the order of the article. Positions are dated August 2026; dated milestones for each company are in its “What to watch” panel. Market caps as of September 2, 2026.
Producing magnets now
These three companies manufacture NdFeB magnets today, although MP’s output remains in customer qualification ahead of commercial production. Shin-Etsu makes them as one product line inside a large chemicals group, MP is building a US mine-to-magnet chain around its new plant, and Evolution Metals runs two small plants in South Korea.
MP Materials (MP)
Sintered NdFeB magnet manufacturing began at Independence in December 2025; commercial qualification was still in progress at June 30, 2026.
MP Materials Corp. owns and operates the Mountain Pass rare-earth mine and processing facility in California and the Independence metal, alloy and magnet facility in Fort Worth, Texas. Mountain Pass produces separated NdPr oxide, while Independence produces NdPr metal and NdFeB alloy and began manufacturing sintered NdFeB permanent magnets in December 2025. As of June 30, 2026, however, Independence remained in commissioning and customer qualification ahead of commercial magnet production4.
Until 2025 most of Mountain Pass’s output left the site as rare earth concentrate sold to Shenghe Resources, which resold it to refiners in China; those sales were about half of MP’s revenue in the first quarter of 20255. On April 17, 2025, with Beijing’s retaliatory tariffs at 125%, MP announced it had stopped shipping concentrate to China and was stockpiling what it could not process itself6. In July 2025 it ended all sales to China to align with its Department of War agreements, and the Shenghe offtake was left to expire in January 20267. Separated NdPr now goes to customers in Japan, South Korea and the United States6. When Beijing widened its export controls in October 2025, MP’s shares rose on the prospect of US tariffs in response, which we covered in MP Materials surges as Trump threatens China tariffs over rare earth controls.
The company has long-term supply agreements with General Motors and Apple. The Apple agreement covers magnets manufactured in Texas from recycled rare-earth feedstock processed at Mountain Pass, with shipments expected to begin in 2027. Independence is being expanded toward a projected nameplate capacity of approximately 3,000 tonnes of magnets per year.
MP’s July 2025 public-private partnership with the US Department of War added price protection for designated NdPr products through 2035, a ten-year offtake arrangement for the planned 10X magnet facility and $400 million of convertible preferred financing. Construction is under way at the 10X site in Northlake, Texas. MP expects commissioning to begin in 2028 and estimates full-scale nameplate capacity of approximately 7,000 tonnes per year, which would take its projected combined US magnet capacity to about 10,000 tonnes.
Mountain Pass, Independence and 10X make MP the only company in this guide with mine, separation, metal, alloy and magnet plants all in the United States. Finished-magnet production had not reached commercial status at mid-2026, and MP expected first terbium and dysprosium from the Mountain Pass heavy rare earth circuit in the second half of 20264.
What to watch in 2026
- First commercial magnet shipments, which MP said on its August 6, 2026 results call it expected in Q4 20268.
- Initial terbium and dysprosium output from the Mountain Pass heavy rare earth circuit, expected in the second half of 2026.
- Construction progress at the 10X facility.
Investment angle
MP is the most complete ex-China magnet platform open to public investors: an operating mine and separation plant, a metal and alloy line, a magnet plant in qualification and a second, larger plant under construction. The Department of War package gives it a $110 per kilogram floor on designated NdPr sales, a contracted buyer for 10X output and $400 million of preferred equity. The package does not remove the execution risk. MP still has to take Independence from qualification to commercial output and build 10X to schedule, and until it signs further offtakes its committed magnet customers are General Motors, Apple and the US government4.
Shin-Etsu Chemical (4063.T)
The Hai Phong site integrates rare-earth separation, refining, recycling and magnet production.
Shin-Etsu Chemical Co., Ltd. is a diversified Japanese chemicals and materials group and a long-established manufacturer of sintered NdFeB permanent magnets. It produces rare-earth magnets in Japan and at Shin-Etsu Magnetic Materials Vietnam in Hai Phong.
The Vietnam operation combines rare-earth separation and refining, recycling, pressing and sintering at one site, and the magnets are then machined to their final shape at Shin-Etsu plants elsewhere in Southeast Asia. This gives the group an established manufacturing chain outside China that extends from rare-earth raw materials to finished magnets9.
Rare earth magnets sit inside Shin-Etsu’s Electronics Materials segment, and the group does not report magnet revenue separately. Group results are driven by semiconductor silicon, PVC and silicones10.
Investment angle
Shin-Etsu is the one company here with a long record of making sintered magnets outside China, and the one where magnets are a small, undisclosed part of a diversified group. A shareholder owns a semiconductor silicon and PVC business with a magnet operation attached. Group reporting does not break out magnet revenue.
Evolution Metals & Technologies (EMAT)
Installed capacity is about 660 tonnes of magnets a year; the 10,000-tonne figure is a November 2026 target that depends on thirteen ULVAC furnaces still to be delivered.
Evolution Metals & Technologies Corp. is a Nasdaq-listed US holding company whose January 2026 business combination brought four South Korean operating companies into the group. Three of them make NdFeB powder, bonded magnets and sintered magnets; the fourth sells factory monitoring and machine-vision systems11. A February 2026 company presentation put annual production capacity at approximately 400 tonnes of bonded magnets and 260 tonnes of sintered magnets. The company does not disclose shipment volumes.
In May 2026 EMAT signed eight equipment contracts with ULVAC Korea for thirteen machines: vacuum induction melting furnaces, which turn rare earth metal into NdFeB alloy, and continuous vacuum sintering furnaces, which fuse the pressed alloy powder into solid magnets12. ULVAC is a Japanese maker of vacuum equipment for the magnet industry. The company says the furnaces will lift its annual magnet capacity to approximately 10,000 tonnes by November 2026, including 6,000 tonnes of sintered magnets, and they will be installed at its existing sites in South Korea. At June 30, 2026 none of the equipment had arrived and $15.9 million of the purchase price was still to be paid11.
The Korean operations generated $1.6 million of revenue in Q2 2026 at a small gross loss. The group ended the quarter with $5.3 million of cash and a $78.8 million working-capital deficit, and stated in the filing that there is substantial doubt about its ability to continue as a going concern11. Operations are funded through a convertible debenture facility of up to $100 million with Yorkville Advisors, announced in May 2026, whose conversions have already added to the share count11.
What to watch in 2026
- Delivery and installation of the ordered ULVAC equipment.
- Customer qualification and utilization of the expanded capacity.
- Working-capital and financing progress.
Investment angle
EMAT has the least installed magnet capacity of the six companies in this guide, about 660 tonnes a year, and the weakest balance sheet: $5.3 million of cash at June 30, 2026 against a $78.8 million working-capital deficit, with its 10-Q stating there is substantial doubt about its ability to continue as a going concern11. The 10,000-tonne target rests on thirteen furnaces that ULVAC is contracted to deliver by November 30, 2026, with $15.9 million still to be paid for them. A single holder controls more than 70% of the shares, and the Yorkville convertible facility that funds the company has already added to the share count through conversions11. The next test is whether the furnaces arrive and are paid for by that date, and how quickly they are installed and running afterward.
Commissioning and ramping
Neo Performance Materials opened its Narva plant in Estonia in September 2025, and USA Rare Earth commissioned its first Stillwater line in Oklahoma this year. Both plants are producing, but their output so far is samples for customers to test, and neither company had booked any magnet revenue at June 30, 2026. Neo was producing and shipping qualification samples for its awarded automotive programs, and USA Rare Earth is targeting defense customers first. Carmakers and defense buyers qualify a new magnet supplier part by part, and the process can take several quarters. Neither company had recorded magnet revenue at June 30, 2026.
Neo Performance Materials (NEO.TO)
Narva, Neo’s sintered magnet plant in Estonia, has an initial nameplate capacity of approximately 2,000 tonnes of sintered NdFeB magnets a year; a planned Phase 1B would take it to approximately 5,000.
Neo Performance Materials Inc. is a Canadian advanced-materials group with rare-earth magnetics operations spanning separation, bonded magnet materials and sintered magnet manufacturing. Its Magnequench business supplies bonded magnet powders and magnets, while the Silmet facility in Estonia separates rare earths and the Narva facility manufactures sintered NdFeB magnets13.
During commissioning and customer qualification, Narva produced its one-millionth magnet in February 202614. At June 30, 2026, the facility was producing and shipping qualification samples for awarded automotive programs, and Neo said two to three customer programs remained on track to enter commercial production in 202615. Initial nameplate capacity is approximately 2,000 tonnes of sintered magnets per year, with a planned Phase 1B expansion intended to increase capacity to approximately 5,000 tonnes15.
At Silmet, Neo commissioned a small-scale heavy rare earth solvent extraction line in April 2026, which the company says has run the separation process under continuous operation and gives it a base for a possible commercial-scale expansion15. Silmet, Narva and Magnequench together give Neo separation, sintered magnet making and bonded magnet powder inside Europe. Commercial magnet revenue from Narva had not started at mid-2026.
What to watch in 2026
- Launch of the first Narva commercial customer programs during 2026.
- Phase 1B equipment investment and expansion toward approximately 5,000 tpa.
- Establishing stable-purity terbium and dysprosium production at Silmet.
Investment angle
Neo’s magnet build-out sits on top of a profitable specialty materials business in bonded magnet powders, emission catalysts and rare metals, which carries Narva’s costs through the ramp. Part of the proceeds of a C$115 million bought-deal equity offering in May 2026 is paying for long-lead equipment for the Phase 1B expansion to about 5,000 tonnes of magnets a year15. At 2,000 tonnes a year, Narva is a fraction of the capacity MP and USA Rare Earth plan in the United States.
USA Rare Earth (USAR)
Stillwater, USAR’s first magnet plant in Oklahoma, is targeted to reach a run rate of 600 tonnes of NdFeB magnets a year in Q4 2026; the company’s combined US magnet target is 10,000 tonnes a year by the end of 2029.
USA Rare Earth, Inc. is building a rare-earth metal, alloy and magnet platform across the United States and Europe. It owns Less Common Metals in the United Kingdom, an operating rare-earth metal and alloy producer acquired in November 2025, and the Stillwater magnet facility in Oklahoma. USAR’s second quarter 2026 filing says Stillwater has been commissioned and has commenced commercial production, and also that the company had not yet generated any revenue from NdFeB magnets at June 30, 2026, with customers still qualifying its parts16.
USAR expects Stillwater to reach a 600-tonne-a-year run rate in Q4 202617. It has also selected Blacksburg, South Carolina, for a second plant with 6,400 tonnes of annual magnet capacity and 5,000 tonnes of metal and alloy capacity, with commissioning targeted to begin in 202816.
The company completed its acquisition of Texas Mineral Resources Corp. on August 7, 2026, taking full economic ownership of the Round Top project. It also has definitive agreements to take a 13.6% minority stake in Carester, a French rare earth separation company building a plant at Lacq to produce NdPr, dysprosium and terbium oxides. Stockholders approved the share issuance for its proposed approximately $2.8 billion acquisition of Serra Verde, a rare earth producer in Brazil, at a special meeting on August 28, 202618; the deal terms are covered in our post USA Rare Earth to acquire Serra Verde. Completion remained subject to the merger agreement’s other conditions, among them confirmed US government financial support for the special-purpose vehicle contracted to buy Serra Verde’s output, whose terms were amended on August 2119.
Agreements signed with the US Department of Commerce on June 3, 2026 provide up to $277 million of direct funding and a $1.3 billion loan guarantee, with disbursements tied to project milestones and eligible spending16.
What to watch in 2026
- First Stillwater magnet revenue and completion of customer qualification.
- Progress at Blacksburg, South Carolina, the planned second magnet plant, with 6,400 tonnes of annual capacity and commissioning targeted for 2028.
- Completion of the Carester investment and Serra Verde acquisition.
- Milestone-based draws under the US Department of Commerce agreements.
Investment angle
USAR carries more unfinished projects than any other company in this guide. Revenue today comes from Less Common Metals in the UK. Stillwater, Blacksburg, Round Top, the Carester stake and the Serra Verde acquisition are all still being built, financed or closed. The Commerce funding is released only as milestones are met, and the company has said it expects to raise more equity as the projects and pending deals progress16.
Magnet alloy today, magnets pending
Energy Fuels makes the NdFeB alloy that sintered magnets are pressed from and has agreed to buy VAC, a magnet manufacturer. Until that deal closes it owns no magnet plant.
Energy Fuels (UUUU)
Energy Fuels has 1,000 tonnes a year of NdPr oxide separation capacity at its White Mesa mill in Utah and 1,300 tonnes a year of NdFeB alloy capacity in South Korea; the 2,000 tonnes a year of finished magnets at VAC’s Sumter plant in South Carolina arrive only if the VAC acquisition closes.
Energy Fuels Inc. is a US uranium and critical-materials producer expanding into the rare-earth magnet supply chain. Its White Mesa Mill in Utah has commercial capacity to produce up to approximately 1,000 tonnes per year of separated NdPr oxide. It has piloted dysprosium and terbium oxide production at the mill, and in July 2026 began building commercial circuits designed for up to approximately 120 tonnes of dysprosium oxide and 20 tonnes of terbium oxide a year, with completion expected by the end of 202720.
On August 28, 2026, Energy Fuels completed its acquisition of Australian Strategic Materials21. The transaction added the operating Korean Metals Plant, with approximately 1,300 tonnes per year of NdFeB alloy capacity and an expansion to 3,600 tonnes per year under way.
Energy Fuels also agreed on June 23, 2026 to buy Vacuumschmelze for an equity value of $1.9 billion. VAC makes sintered NdFeB and samarium-cobalt magnets in Europe and at a 2,000-tonne-per-year plant in Sumter, South Carolina, which the company says can be scaled to 12,000 tonnes. The deal needs foreign investment and antitrust approvals and is expected to close in early 202722.
What to watch in 2026
- Construction of the White Mesa dysprosium and terbium circuits.
- Expansion of Korean NdFeB-alloy capacity.
- Regulatory approvals and closing of the VAC acquisition, expected in early 2027.
Investment angle
Energy Fuels is a uranium producer first, and uranium sales still make up most of its revenue. On the rare earth side it owns NdPr oxide capacity in Utah and, since August 2026, an alloy plant in South Korea. VAC would add magnet plants in Europe and the United States if the deal closes in early 2027 as planned22. Until then the shares carry uranium price exposure alongside a magnet business that is still being assembled.
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Also worth tracking
Lynas Rare Earths (ASX: LYC) is the largest rare earth producer outside China and the only company outside China separating both light and heavy rare earth oxides at commercial scale. It added samarium oxide in March 2026 to the dysprosium and terbium it first produced in FY2025. It sold 7,337 tonnes of NdPr in FY2026 on revenue of A$977.9 million23, and supplies much of the separated NdPr available to magnet makers outside China. In March 2026 Lynas signed a letter of intent with the US government to redirect about US$96 million that had been earmarked for a heavy rare earth plant in Seadrift, Texas, into purchases of Lynas oxides over four years, and the Texas plant itself is now uncertain. Lynas makes no magnets and no magnet alloy itself, so it does not meet the test for this guide. Its magnet exposure runs through partners: in July 2026 it committed about A$50 million of equity to South Korea’s JS Link to support a 3,000 tonne per year sintered magnet plant in Kuantan, Malaysia, alongside an exclusive supply agreement running to 2038, and it holds a framework agreement with LS Eco Energy for a rare earth metal plant in Vietnam. The partner builds and owns the plant in both cases. Lynas remains a core entry on our rare earth stocks list.
Iluka Resources (ASX: ILU) is building the Eneabba refinery in Western Australia to separate light and heavy magnet rare earth oxides, funded by a A$1.65 billion non-recourse loan from the Australian Government’s Critical Minerals Facility alongside Iluka equity24. Iluka said in its August 2026 half-year results that construction was about 60% complete, with about A$1.1 billion spent by July 31, and that commissioning is planned for 202725. A study into the next metallization stage is under way. Like Lynas, Iluka will supply the oxides that magnet plants consume and makes no magnets. Eneabba has no revenue yet, and group earnings come from mineral sands. It is also on our rare earth stocks list.
TDK (TSE: 6762) and Daido Steel (TSE: 5471) both manufacture rare earth magnets in Japan, TDK under its NEOREC brand and Daido via hot-deformed, heavy-rare-earth-free magnets used in Honda hybrids. Both are excluded because magnets are a small slice of much larger diversified groups, and in TDK’s case a substantial share of magnet production sits inside China.
Risks
Chinese export policy is the largest single variable. The ex-China price premiums exist because of export controls; a relaxation, or targeted oversupply of finished magnets into Western markets, would compress the economics every company in this guide is investing against. China exported 57,000 tonnes of NdFeB magnets in 2025, enough to equip 61 million cars1, and its producers have had decades to bring their costs down.
Customer qualification comes before revenue. Automotive and defense customers qualify magnets over quarters to years, and a built plant earns nothing until parts pass. MP began in-vehicle qualification with General Motors in mid-20264, Neo is shipping qualification samples from Estonia15, and USA Rare Earth has not yet recorded its first magnet sale16. Spending runs ahead of sales: MP booked $14.4 million of start-up costs in Q2 2026 alone as it ramped magnet production ahead of commercial output4.
Magnet plants do not solve the feedstock problem. A plant outside China still needs NdPr, dysprosium and terbium, and ex-China supply of the heavies is scarce. USA Rare Earth’s metals business, Less Common Metals, reported a gross loss in Q2 202616, which management attributed on the results call to higher heavy rare earth input costs. Raw-material provenance rules such as US defense sourcing requirements tighten the constraint further.
Pending deals and government funding are not yet certain. Energy Fuels’ VAC acquisition needs foreign-investment and antitrust approvals and is not expected to close until early 202722. MP’s Department of War package4 and USA Rare Earth’s Commerce grant and loan-guarantee package16 tie both companies to appropriations, administrations and milestone conditions their filings flag as revocable.
Conclusion
The ex-China magnet build-out has moved from announcement into qualification and construction. Shin-Etsu has supplied magnets from Japan and Vietnam for years, Neo’s Narva plant produced its one-millionth magnet in February 202614 and was shipping qualification samples at mid-202615, and MP Materials delivered magnets to General Motors for in-vehicle qualification during Q2 20264. The open question is scale. MP and USA Rare Earth together plan roughly 20,000 tonnes a year of US magnet capacity by the end of the decade, against the 57,000 tonnes China exported in 2025 alone1.
Most of the capacity in this guide depends on milestones not yet achieved by the end of August 2026: customer qualification at MP, Neo and USA Rare Earth, milestone draws and further equity for USA Rare Earth’s wider build-out, regulatory clearance for the VAC and Serra Verde acquisitions, and construction at White Mesa. Between now and the end of 2027 the tests differ by company: first commercial magnet shipments at MP, Neo and USA Rare Earth; delivery and use of Evolution Metals’ expansion furnaces; and completion of the VAC acquisition and integration of ASM at Energy Fuels. Shin-Etsu, in production for years, is the operating benchmark the others are measured against. Five of the six are also held by the ex-China fund REXC, with MP Materials alone close to a fifth of that portfolio at mid-August 2026, so our comparison of REMX, EART and REXC shows how much of this magnet build-out each ETF actually carries.
References
- International Energy Agency, “Rare Earth Elements: Pathways to Secure and Diversified Supply Chains,” April 2026.
- International Energy Agency, “Global Critical Minerals Outlook 2026,” 2026.
- G7, “G7 Leaders’ declaration on securing supply chains for critical minerals,” June 17, 2026.
- MP Materials Corp., “MP Materials Reports Second Quarter 2026 Results,” August 6, 2026.
- MP Materials Corp., “Form 10-Q for the quarter ended March 31, 2025,” May 2025.
- MP Materials Corp., “MP Materials Accelerates Strategy to Reindustrialize the Rare Earth Supply Chain,” April 17, 2025.
- MP Materials Corp., “Form 10-K for the fiscal year ended December 31, 2025,” Fiscal Year 2025.
- MP Materials Corp., “Second Quarter 2026 Results Conference Call and Presentation,” August 6, 2026.
- Shin-Etsu Chemical Co., Ltd., “Shin-Etsu Chemical to double its production capacity of rare earth magnets in Vietnam,” June 22, 2017.
- Shin-Etsu Chemical Co., Ltd., “Annual Report 2025,” 2025.
- Evolution Metals & Technologies Corp., “Form 10-Q for the quarter ended June 30, 2026,” August 17, 2026.
- Evolution Metals & Technologies Corp., “Form 8-K: equipment supply contracts with ULVAC Korea,” May 22, 2026.
- Neo Performance Materials, “Estonia Magnet Plant Opening,” September 2025.
- Neo Performance Materials, “Neo Performance Materials Reports First Quarter 2026 Results,” May 12, 2026.
- Neo Performance Materials, “Q2 2026 Management’s Discussion and Analysis,” August 2026.
- USA Rare Earth, Inc., “Form 10-Q for the quarter ended June 30, 2026,” August 10, 2026.
- USA Rare Earth, Inc., “USA Rare Earth Reports Second Quarter 2026 Financial Results,” August 10, 2026.
- USA Rare Earth, Inc., “Form 8-K: results of the special meeting of stockholders,” August 31, 2026.
- USA Rare Earth, Inc., “Form 8-K: amendment of the Serra Verde offtake agreement,” August 24, 2026.
- Energy Fuels Inc., “Commercial-Scale ‘Heavy’ Rare Earth Plant Now Under Construction in Utah,” July 29, 2026.
- Energy Fuels Inc., “Form 8-K: completion of the acquisition of Australian Strategic Materials,” August 28, 2026.
- Energy Fuels Inc., “Energy Fuels Announces Definitive Agreement to Acquire VAC for $1.9 Billion Equity Value,” June 23, 2026.
- Lynas Rare Earths, “Financial Results for the Year Ending 30 June 2026,” 26 August 2026.
- Iluka Resources, “Eneabba rare earths refinery,” 2026.
- Iluka Resources, “2026 Half Year Results Presentation,” August 19, 2026.
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