USA Rare Earth Stock Surges on Rare Earth Metal Supply Deal

USA Rare Earth stock surged 19% on Thursday after announcing a deal with Compass Diversified to supply rare-earth materials for magnet production. The agreement comes after USA Rare Earth acquired Less Common Metals for $100 million and plans to mine rare-earths and process them at LCM before shipping them to Compass. The deal is expected to generate revenue for USA Rare Earth before its magnet factory is operational in Q1 2026.