USA Rare Earth Initiates Shipment Of Mixed Rare Earth Carbonate To US Sile Under 15-Year Agreement

USA Rare Earth, Inc. (Nasdaq: USAR) ("USAR" or the "Company"), an integrated rare earth, critical minerals and advanced materials company and the only scaled producer outside Asia of scarce heavy rare earths, and all four rare earth elements used in NdFeB magnets, today announced it has begun shipping Mixed Rare Earth Carbonate ("MREC") to US SIIE, LLC, a special purpose vehicle funded by the U.S. Government (the "offtake partner"), under a 15-year, 100% take-or-pay offtake agreement (the "Offtake Agreement"). The Company began receiving payments under the Offtake Agreement in November. Deliveries demonstrate that USAR’s fully-owned subsidiary Serra Verde is actively producing and supplying product that meets the customer’s quality requirements as per the Offtake Agreement.