Rare Earth Stocks List

Shin-Etsu Chemical is a diversified Japanese chemicals group whose rare-earth exposure sits in its downstream magnet business, where it manufactures high-performance sintered NdFeB permanent magnets. It is one of the few large producers of these magnets based outside China, alongside domestic peers TDK and Proterial, and it has built up decades of process know-how and intellectual property in sintered magnet production. The magnet operations depend on separated neodymium and praseodymium sourced externally, and the heavy rare earths used in high-temperature grades, such as dysprosium and terbium, remain concentrated in Chinese supply. Shin-Etsu has been adding magnet capacity in Japan and Vietnam to serve demand from electric-vehicle traction motors and other industrial applications.

China Northern Rare Earth is a Shanghai-listed, state-controlled rare-earth producer within Baotou Steel Group. The listed company does not own or operate the Bayan Obo mine. It purchases rare-earth concentrate from related-party Baotou Steel, whose group supplies material from Bayan Obo, and processes that feedstock through its smelting and separation operations in Baotou. Its production is concentrated primarily in light rare earths, including lanthanum, cerium, neodymium and praseodymium, and it operates within China's national production-quota system.

The company's activities extend beyond separated oxides into rare-earth metals and alloys, permanent-magnet materials, polishing and hydrogen-storage materials, catalysts and selected end products such as permanent-magnet motors. Its exposure therefore spans processing, separation, metals and downstream materials, while its upstream resource access remains dependent on its parent group. Its shares are listed onshore on the Shanghai Stock Exchange and are not directly accessible through international exchanges.

Lynas Rare Earths is the largest rare earth producer outside China. It mines ore at Mt Weld in Western Australia, one of the world's higher-grade rare earth deposits, and separates it at the Lynas Advanced Materials Plant in Malaysia, the largest separation facility of its kind outside China. A cracking and leaching plant at Kalgoorlie in Western Australia processes Mt Weld concentrate into mixed rare earth carbonate for shipment to the Malaysian plant, which eases throughput at the separation site. Lynas produces separated neodymium and praseodymium and has been extending its output into heavy rare earths such as dysprosium, terbium and samarium. Its growth plans center on expanding heavy rare earth separation and building out magnet-alloy supply, supported by long-running offtake with Japanese government and trading partners and by supply agreements tied to United States and South Korean customers.

MP Materials owns and operates Mountain Pass in California, the only commercial-scale rare earth mine in the United States and one of the richer bastnaesite deposits in the world. The site accounts for essentially all US rare earth mine production, and MP has added on-site capacity to separate neodymium and praseodymium oxide from its own concentrate. It is building heavy rare earth separation at Mountain Pass and moving downstream into magnet manufacturing, with a plant at Fort Worth in Texas that has begun production and a larger magnet campus under construction elsewhere in the state. The US Department of Defense has become a cornerstone investor and long-term offtake partner, and MP holds a separate magnet-supply agreement with Apple covering recycled feedstock. The company has stopped shipping concentrate to China and now sells its oxide mainly into South Korea and Japan through Sumitomo.

China Rare Earth Resources and Technology, formerly China Minmetals Rare Earth, is a Shenzhen-listed, state-controlled rare-earth producer and the core listed platform of China Rare Earth Group, which became its controller in 2022. The company conducts ion-adsorption rare-earth mining through its Hunan Rare Earth subsidiary, which holds Hunan province's only current mining right for this deposit type. Other subsidiaries undertake smelting, separation and related processing under China's national rare-earth production controls.

Its products include rare-earth concentrates and mixed feed materials, separated oxides, chlorides and salts, and rare-earth metals and alloys. The portfolio includes medium and heavy rare earths used in magnets and other specialist materials. China Rare Earth Group has committed to address overlapping southern separation assets through future asset injections, but that restructuring commitment remains pending. Its shares are listed only onshore in China and are not directly accessible through international exchanges.

Shenghe Resources is a Shanghai-listed rare-earth and mineral-processing group with operations in beneficiation, smelting and separation, rare-earth metals, recycling, mineral sands and commodity trading. Its Chinese processing facilities handle light and heavy rare-earth feedstocks, recycled material and monazite-bearing mineral sands, while its international portfolio provides additional resource and feedstock exposure.

Shenghe completed its acquisition of Peak Rare Earths in 2025, giving it control of Peak's approximately 84% interest in the development-stage Ngualla project in Tanzania; the Tanzanian government holds the remaining 16%. Ngualla has not begun commercial production and remains subject to technical approvals, construction and commissioning. Shenghe's former take-or-pay relationship for MP Materials' Mountain Pass concentrate ended when MP stopped sales to China and allowed the agreement to expire in January 2026. Shenghe also retains minority interests in other overseas rare-earth developers, including Energy Transition Minerals. Its shares are listed only onshore on the Shanghai Stock Exchange and are not directly accessible through international exchanges.

USA Rare Earth is a Nasdaq-listed rare-earth and advanced-materials company assembling mining, separation, metal, alloy and magnet capabilities in the United States and Europe. Its Round Top project in Texas is a permitted, development-stage polymetallic deposit containing heavy rare earths, gallium and beryllium. Round Top has not entered construction or commercial production, and its production timetable depends on completing technical studies, financing and project execution.

Downstream, USA Rare Earth owns Less Common Metals in the United Kingdom, an operating producer of rare-earth metals and alloys, and has commissioned the first phase of its Stillwater, Oklahoma sintered-magnet facility. Stillwater is ramping and qualifying product, and commissioning does not by itself establish mature commercial magnet sales. The company is also developing a hydrometallurgical demonstration facility in Colorado and a larger planned metals-and-magnets complex in South Carolina.

USA Rare Earth completed its acquisition of Texas Mineral Resources in August 2026, consolidating its economic interest in Round Top. Its separate definitive agreement to acquire Serra Verde, operator of the Pela Ema ionic-clay mine in Brazil, remains pending, so Serra Verde's production and resources are not yet part of USA Rare Earth's operating asset base.

Energy Fuels is a NYSE American- and TSX-listed producer of uranium, vanadium and rare-earth materials. Its White Mesa Mill in Utah produces mixed and separated light rare-earth oxides from monazite feedstock alongside the company's uranium operations. Energy Fuels has begun constructing additional circuits intended to add commercial-scale dysprosium, terbium and other heavy-rare-earth oxide capacity. The mill is operating, though the new heavy-rare-earth circuits remain under construction and their stated completion dates are still targets.

On 28 August 2026 Energy Fuels completed its acquisition of Australian Strategic Materials. The transaction added the Dubbo critical-minerals development project in New South Wales and the operating Korean Metals Plant, which produces rare-earth metals and NdFeB alloy and is being expanded. Energy Fuels also holds feedstock-development interests in Australia, Brazil and Madagascar. Its separate agreement to acquire the magnet manufacturer VAC remains pending, so VAC is not yet part of the group and magnet manufacturing sits outside Energy Fuels' owned operating base.

Evolution Metals & Technologies is a Miami-headquartered holding company listed on Nasdaq, formed through a business combination with Welsbach Technology Metals Acquisition Corp. Its operating base is a group of South Korean subsidiaries: KMMI, which makes sintered NdFeB magnets; NS World, which makes bonded magnets; KCM Industry, which produces NdFeB powder; and Handa Lab, which supplies machine-vision and testing systems. The company works the alloy, powder and finished-magnet stages of the rare-earth chain and owns no mine, separation capacity or oxide production, so it buys separated neodymium-praseodymium metal and alloy as feedstock, sourced through Japanese trading houses drawing on Vietnamese supply. Installed magnet capacity across the Korean plants is modest. Management intends to replicate the Korean operations in the United States and to add magnet and hydrometallurgical capacity, though it has not yet disclosed sites, permits, capital budgets or construction schedules for that expansion. A single shareholder holds a majority of the stock, making Evolution a controlled company under Nasdaq rules.

Iluka Resources is Australia's largest mineral sands producer and is building the Eneabba rare earths refinery in Western Australia. Iluka describes Eneabba as the country's first fully integrated rare earths refinery, designed to produce separated light and heavy rare earth oxides from monazite and xenotime feedstock. The project carries substantial non-recourse funding from the Australian government and draws its initial feedstock from a monazite-rich mineral sands stockpile that Iluka accumulated over years of mining, supplemented by third-party concentrate including supply from Lindian Resources' Kangankunde project in Malawi. When commissioned, the refinery will give Iluka its own rare earth separation capability alongside its existing mining and concentration business.

Sunrise Energy Metals is an ASX-listed developer of the Syerston Scandium Project in New South Wales, Australia. The proposed operation targets high-purity scandium oxide for aluminum alloys, solid-oxide fuel cells and other specialist applications. Scandium is a rare-earth element, though Syerston would not produce the neodymium, praseodymium, dysprosium or terbium used in permanent magnets. The project sits at development stage and has not begun construction or commercial production. Sunrise has completed earlier feasibility work and continues to update the resource and study basis for a standalone scandium development. Within this list its exposure is to scandium and its aerospace, defense and fuel-cell markets.

Neo Performance Materials is a TSX-listed specialty-materials producer with businesses spanning rare-earth separation, magnetic alloys and powders, magnet manufacturing and recycling. Its Silmet operation in Estonia separates rare earths and produces other specialty materials, while Magnequench supplies bonded-magnet powders and alloys and SG Technologies manufactures precision magnetic components. These established operations give Neo revenue-generating exposure across several stages of the rare-earth value chain. Neo is adding European sintered-magnet capacity through its Narva plant in Estonia. During the 2026 ramp, the plant was producing and shipping qualification samples for customer programs and moving toward full commercial production. That qualification activity is distinct from mature commercial-scale output: Narva's planned capacity and customer programs remain subject to successful qualification and ramp-up.

Arafura Rare Earths is an ASX-listed developer of the Nolans rare-earths project in Australia's Northern Territory. Nolans is designed as an integrated mine and processing operation that would produce separated neodymium-praseodymium oxide and a mixed middle-heavy rare-earth product on site. The project has a multi-decade resource base and binding offtake agreements with several customers, but it is not yet an operating mine or commercial oxide producer. Arafura reached a final investment decision in May 2026 after assembling government-backed debt, export-credit support and equity funding. The company was preparing to move into main construction when it issued its FY2026 annual report; construction, commissioning and ramp-up therefore remain ahead. The project's contracted sales, funding package and planned output are development arrangements and targets until the facilities are built, qualified and operating.

Tronox Holdings is a NYSE-listed integrated titanium-dioxide producer with mineral-sands mining and upgrading operations in Australia and South Africa. Its rare-earth exposure comes from monazite contained in that mineral-sands feedstock, particularly in Western Australia. Tronox mines monazite-bearing material but does not yet process it into commercial rare-earth products, so its rare-earth project sits at development stage while the group's titanium and mineral-sands operations are in production. The company has completed a pre-feasibility study and is preparing a definitive feasibility study for a proposed cracking and leaching plant in Western Australia. Export Finance Australia and the Export-Import Bank of the United States have provided coordinated, conditional and non-binding indications of potential support, which are not committed project finance. Tronox also holds a minority investment in Lion Rock Minerals as a possible additional source of monazite. Rare earths remain a prospective downstream expansion within a much larger titanium-dioxide business.

Brazilian Rare Earths is an ASX-listed developer and explorer focused on the Rocha da Rocha mineral province in Bahia, Brazil. Its principal discoveries include the Monte Alto deposit and targets at Sulista and Pele, with mineralization containing neodymium-praseodymium and heavy rare earths alongside niobium, tantalum, scandium and uranium. Monte Alto has received a trial-mining license, but the company has not entered commercial production. The company is evaluating a development model in which material from multiple deposits would feed a central separation facility at the Camacari industrial complex. Processing studies and an offtake and engineering arrangement with Carester support that concept, but the mine plan, separation hub and production profile remain under development. Brazilian Rare Earths also owns the diversified Amargosa bauxite-gallium project, which it has proposed separating from the rare-earth business; that corporate step remains distinct from the operating status of Rocha da Rocha.

Rare Element Resources is a United States focused rare earth developer advancing the Bear Lodge project in Wyoming, a carbonatite deposit in the Black Hills enriched in neodymium and praseodymium. The company is majority-owned by General Atomics, the US defense and energy-technology group, which gives it technical and financial backing unusual for a junior developer. Rare Element Resources has developed a proprietary chloride-based separation process aimed at recovering individual rare earth oxides more cleanly than conventional solvent extraction, and it has begun demonstration-scale operations at a plant in Upton, Wyoming to prove the process. That demonstration work is a technical step short of commercial output, and Bear Lodge itself remains in development and permitting, some way short of production.

Aclara Resources is a Canada-listed heavy rare earth developer spun out of Hochschild Mining in 2021. It is assembling a supply chain that spans ionic-clay deposits in Brazil and Chile, a planned separation facility in the United States, and a metals and alloys joint venture with the Chilean steelmaker CAP, which the company describes as the only fully vertically integrated heavy rare earth chain outside China. Its flagship asset is the Carina Project in Goias, Brazil, the first ionic-clay rare earth project to declare NI 43-101 mineral reserves, with output weighted toward the heavy magnet rare earths dysprosium and terbium. Aclara's feasibility studies report project economics and production rates as modeled outcomes, and Carina has not yet entered construction. The company's Circular Mineral Harvesting process uses water-based extraction from ionic clays and, according to Aclara, avoids acid leaching and generates no radioactive by-products. Its Penco module in Chile has cleared environmental review, and a heavy rare earth separation facility is planned in Louisiana, each subject to further studies, permitting and financing.

NioCorp Developments is a Nasdaq-listed developer of the Elk Creek Critical Minerals Project in Nebraska, planned as an underground mine and integrated processing operation that would draw niobium, scandium, titanium and rare-earth products from a single orebody. Niobium, used to strengthen steel, is the largest economic driver, while rare earths including neodymium and praseodymium would be recovered as co-products. A 2026 feasibility study set out a reserve-backed mine plan spanning several decades and added five rare-earth products to the design: NdPr oxide, dysprosium oxide, terbium oxide, a samarium-europium-gadolinium carbonate and a heavy rare earth carbonate. Those production figures are modeled study outcomes and not current output. Elk Creek has secured its major construction-related permits but is not yet operating, and full construction depends on completing project financing and detailed engineering. With niobium, scandium and titanium all material to its economics, NioCorp is a diversified critical-minerals developer whose rare earths are one part of a larger mineral suite.

Idaho Strategic Resources is a NYSE American-listed gold producer and rare earth explorer. Its operating Golden Chest underground gold mine in Idaho provides the company's production and cash flow. The rare earth portfolio comprises the Lemhi Pass, Mineral Hill and Diamond Creek properties within Idaho's Rare Earth Element-Thorium Belt, where the company is carrying out mapping, sampling, geophysics, metallurgical testwork and early drilling. Lemhi Pass hosts carbonatite and vein mineralization with an unusually high proportion of magnet rare earths in selected samples, and the other two properties add further exploration targets, including heavy rare earth and yttrium occurrences. None of these projects yet carries a reported mineral resource, mineral reserve or economic study, so they remain exploration ground. The company's operating exposure is to gold, with rare earths a prospective longer-term addition.

Viridis Mining and Minerals is an ASX-listed rare-earth developer focused on the Colossus project in Minas Gerais, Brazil. Viridis holds the rare-earth rights across the project area, which contains ionic-adsorption clay mineralization enriched in neodymium, praseodymium, dysprosium and terbium. The deposit is designed for shallow mining and low-temperature leaching, with a processing flowsheet intended to produce a mixed rare-earth carbonate while removing much of the lower-value lanthanum. Colossus has a mineral resource, an ore reserve and a definitive feasibility study supporting a proposed mine and processing operation. Viridis has also operated a demonstration plant, obtained a preliminary environmental license and submitted its installation-license application. The company remains pre-revenue and pre-final investment decision: offtake discussions, strategic equity commitments, government support and first-production dates are development arrangements or targets subject to final approvals, financing, construction, commissioning and customer qualification.

Meteoric Resources is an ASX-listed developer of the Caldeira project near Pocos de Caldas in Minas Gerais, Brazil, one of the largest ionic-clay rare earth deposits outside China. The deposit's scale and its soft, free-dig clays support low projected operating costs, helped by a short leach cycle and access to renewable grid power. A definitive feasibility study defines an ore reserve backing a mine life of more than twenty years, with output centered on neodymium-praseodymium oxide and smaller volumes of the heavy magnet metals dysprosium and terbium. A pilot plant at Pocos de Caldas is producing mixed rare earth carbonate samples for prospective offtake partners. The project is working through Brazilian environmental licensing, and a construction decision and first commercial production remain ahead of it, subject to permitting, financing and execution.

Pensana is developing the Longonjo carbonatite project in Huambo province, Angola, which is designed to produce mixed rare earth carbonate in staged phases. Construction is under way, funded through a mix of syndicated debt, equity and convertible loans from Angola's sovereign wealth fund FSDEA, and a strategic investment from Cascade Natural Resources. Pensana has a mine-to-magnet partnership with eVAC Magnetics, the US arm of the German magnet maker VAC, which is building a magnet plant at Sumter in South Carolina, and Longonjo is intended to supply carbonate feedstock to that facility. The Longonjo development sits within a subsidiary, Sable Min, which holds the project through Ozango Minerais; the sizeable minority interest taken by Cascade in Sable Min, alongside FSDEA's holdings, leaves the listed parent with a diluted economic share of the project. The project is located in Angola, where permitting, infrastructure and currency conditions shape the development timetable.

Ucore Rare Metals is a TSX Venture-listed company commercializing RapidSX, a solvent-extraction technology for separating mixed rare earth feedstocks into individual oxides. Its strategy is to act as a separation-services processor for third-party material instead of relying on its own mine, and it runs a commercialization and demonstration facility in Ontario. Ucore's principal project is the Strategic Metals Complex at Alexandria, Louisiana, where engineering work envisages an initial RapidSX line designed for roughly 600 tonnes a year of contained rare earth oxide, within a plant laid out for up to about 9,600 tonnes a year across three lines. Those capacities are design targets that depend on funding, permits, construction, commissioning and product qualification, and the facility remains in development. The complex has drawn United States defense support and a national-defense priority rating, and Ucore has announced feedstock and customer arrangements with several partners, including Australian monazite supply and conditional Canadian government funding. Its Bokan-Dotson Ridge deposit in Alaska remains a longer-term upstream option.

Rare Earths Americas is a NYSE American-listed exploration company with rare-earth projects in the United States and Brazil. The company was formed in 2025 through the acquisition of the businesses holding the Shiloh project in Georgia and the Alpha and Constellation projects in Brazil. Shiloh hosts hard-rock monazite mineralization, while Alpha and Constellation target ionic-adsorption clay deposits containing magnet rare earths including neodymium, praseodymium, dysprosium and terbium. The Brazilian projects have inferred mineral resources, while Shiloh remains an exploration property supported by trenching and other early work. None of the company's material projects has a mineral reserve, operating mine or commercial processing plant, and Rare Earths Americas has not generated operating revenue. Its value-chain position is upstream exploration, with future development dependent on drilling, metallurgy, economic studies, permitting and financing.

American Rare Earths is an ASX-listed explorer focused on large, low-grade rare-earth systems in the United States. Its principal asset is Halleck Creek in Wyoming, with La Paz in Arizona providing a second project. Halleck Creek has a large mineral resource and is being evaluated for bulk open-pit mining and processing, but it has no mineral reserve and is not in construction or production. Much of the Halleck Creek project lies on private and state land, which can reduce exposure to federal land approvals, though it does not remove the need for technical studies, environmental review, permits and financing. American Rare Earths remains at the exploration and economic-assessment stage, with commercial viability dependent on further metallurgy, mine planning and feasibility work.

Hastings Technology Metals is an ASX-listed developer of the Yangibana rare earth project in Western Australia, whose ore carries an unusually high ratio of neodymium and praseodymium within its total rare earth content, around 37% on average and higher in its best zones. Wyloo Consolidated Investments, Andrew Forrest's private vehicle, holds a 60% joint-venture interest and management control, having recapitalized Hastings by canceling its outstanding exchangeable notes. An updated definitive feasibility study for Stage 1 defines an ore reserve supporting a mine life of around nineteen years and a beneficiation plant producing rare earth concentrate. Yangibana sits on a fully permitted site with part of its infrastructure and long-lead equipment already delivered, though it remains pre-final-investment-decision and is not in production. Hastings' nearest-term output is downstream: it holds a 49% interest in the permitted Kabin Buri hydrometallurgical plant in Thailand, which is intended to produce mixed rare earth carbonate from imported monazite and could process Yangibana concentrate later.

Defense Metals Corp. is a Canadian rare-earth developer focused on the Wicheeda project in British Columbia. Wicheeda is a carbonatite deposit near road, rail and power infrastructure in the Prince George region. A preliminary feasibility study established a mineral reserve and a proposed open-pit mine and processing operation, but the project is not under construction and has no commercial production. Defense Metals is advancing environmental baseline work, permitting preparation, engagement and metallurgical testing toward a feasibility study. Selection for British Columbia's Advanced Project Initiative provides coordinated government support but is not a project approval. The company's exposure remains a single development-stage rare-earth asset whose progression depends on study results, permits, financing and construction execution.

Avalon Advanced Materials is a TSX-listed Canadian critical-minerals developer whose principal rare earth asset is the wholly owned Nechalacho Basal Zone in the Northwest Territories, which contains light and heavy rare earths together with zirconium, niobium and tantalum. A 2026 S-K 1300 estimate reports measured, indicated and inferred mineral resources at Nechalacho; these are mineral resources and not the more advanced category of mineral reserves. Avalon is refreshing the project's technical and economic basis through updated studies and process-development work, including evaluation of a new refining route with the technology company Engina, and its earlier 2013 feasibility study no longer represents the current development plan. The project is not in construction or production. Alongside Nechalacho, Avalon holds lithium interests in Ontario and a tin-indium project in Nova Scotia, making rare earths one part of a diversified development portfolio.

Appia Rare Earths & Uranium is a Canadian explorer with rare-earth projects in Brazil and Saskatchewan as well as separate uranium interests. Its principal rare-earth exposure is the PCH project in Goias, Brazil, which contains ionic-clay mineralization and a separate hard-rock carbonatite target. Following the 2025 transaction with Ultra Rare Earth, Appia holds a 25% interest in the PCH project vehicle; Ultra holds 50% and funds an agreed work program, while a Brazilian partner holds the remaining 25%. PCH has an initial ionic-clay mineral resource, while drilling and resource-definition work continue on the carbonatite target. Appia also owns the early-stage Alces Lake property in northern Saskatchewan, where high-grade surface occurrences have been identified but no mineral resource has been declared. The company has no operating rare-earth mine or processing plant, and its value-chain position is exploration and project participation.

Vital Metals is an ASX-listed rare-earth developer focused on the Nechalacho project in Canada's Northwest Territories. The company previously conducted small-scale mining at Nechalacho's North T deposit and began commissioning a processing operation, but that campaign was halted and the associated Saskatoon processing subsidiary was written off. Vital should therefore not be described as a current rare-earth producer. Its present development focus is the larger Tardiff deposit within Nechalacho, which has a mineral resource containing light rare earths, neodymium-praseodymium and niobium. A scoping study outlines a potential open-pit operation, and the company is progressing further technical work toward a pre-feasibility study. A non-binding arrangement with Ucore concerns potential future separation of concentrate; production, processing and delivery remain contingent on studies, financing, permits, construction and qualification.

Mont Royal Resources is an ASX-listed rare-earth developer formed through its 2025 combination with Commerce Resources. The transaction brought the Ashram project in northern Quebec into the combined company. Ashram is a monazite-dominant carbonatite deposit containing light rare earths, including neodymium and praseodymium, as well as smaller proportions of dysprosium and terbium. Ashram has a mineral resource and a preliminary economic assessment describing a proposed mine, beneficiation operation and transport route connecting to existing rail infrastructure. Those results are study estimates, not operating performance. Mont Royal remains at the development stage and must complete further engineering, environmental and permitting work, secure financing and construct and commission the project before any commercial production.