Key Takeaways MP partners with the DoD to develop a domestic rare earth magnet supply chain and expand production. The 10X Facility will raise MP's magnet output to 10,000 metric tons, serving defense and commercial needs. The DoD set a $110/kg price floor and committed to buying all 10X output for 10 years.MP Materials (MP) has entered into a public-private partnership with the United States Department of Defense (DoD) to fast-track the development of a domestic rare earth magnet supply chain. Backed by ...

USA Rare Earth is building the first and largest fully domestic rare earth magnet supply chain in the U.S. USAR is currently constructing a 310k square foot rare earth sintered neo magnet manufacturing facility in Stillwater, Oklahoma. USAR also controls mining rights to the Round Top Mountain rare earth and critical minerals deposit in West Texas, which holds significant deposits of heavy rare earths, such as dysprosium and terbium, as well as gallium, beryllium, lithium and other critical tech minerals. U ...

New Partnership Signals Continued Interest in American Manufacturers Seeking US-Made Magnets STILLWATER, Okla., May 27, 2025 (GLOBE NEWSWIRE) -- USA Rare Earth, Inc. (Nasdaq: USAR) (USAR or the Company), which is building out America's first fully domestic rare earth element magnet production supply chain that includes the mining and processing of heavy rare earths and other critical minerals, today announced it has signed a memorandum of understanding (MOU) with Shoreview, MN-based PolarStar Magnetics (Pol ...