USA Rare Earth, Inc. reported second quarter 2026 results showing $5.8 million in revenue and a net loss attributable to shareholders of $10.3 million, with cash balances reaching approximately $1.53 billion. The company finalized definitive agreements with the U.S. Department of Commerce for up to $1.6 billion in CHIPS Act funding and closed its acquisition of Texas Mineral Resources Corp. (TMRC). Additionally, USA Rare Earth announced a ~$2.8 billion definitive agreement to acquire Serra Verde Group and entered into a strategic minority investment in Carester SAS. CEO Barbara Humpton will retire on October 1, 2026, succeeded by Thras Moraitis, the current CEO of Serra Verde. The company operates in the rare earths, critical minerals, and advanced materials industry.
