Trabuco Carolyn sold $296K of USAR

USA Rare Earth received over $3 billion in federal funding, with deals involving Cantor Fitzgerald and Cerberus Capital Management alumni. The company's stock has fallen 61% over a year, and the government's investment is now worth less. USA Rare Earth acquired Serra Verde, backed by Pentagon and US International Development Finance Corp. funding. Questions arise about potential conflicts of interest and lack of transparency in the dealings.

Critical Metals (CRML) shares fell 7% despite shareholder approval of its acquisition of European Lithium, which would grant full control of a Greenland rare earth project. USA Rare Earth (USAR) and United States Antimony (UAMY) also declined 5% and 3%, respectively. The VanEck Rare Earth ETF (REMX) dropped 3%, while the broader market (SPY) fell 1%. The deal awaits court approval and new shares are expected to begin trading in early November.

United States Antimony (UAMY) rose 11% to $3.18, while USA Rare Earth (USAR) fell 3% and Critical Metals (CRML) dropped 4%. UAMY benefits from a $245M Defense Logistics Agency contract, with Q3 2026 deliveries increasing. The company cut revenue guidance to $60M-$75M but expects antimony prices to stay around $10/lb. USAR and CRML focus on rare earth elements, with USAR expanding its supply chain and CRML awaiting project approvals.

JPMorgan's $1.5T Security and Resiliency Initiative (SRI) has deployed about $5B of its $10B equity fund into 10 companies in its first year, focusing on growth capital. The initiative spans five sectors, including critical minerals. USA Rare Earth (USAR) and MP Materials (MP) saw stock gains after the initiative's launch, partly due to China's rare earth export controls. The SRI's impact on critical minerals remains unclear, with limited public evidence of disbursements.

USA Rare Earth (USAR) completed a $2.8B acquisition of Brazilian miner Serra Verde Group, securing rare-earth elements. It also invested $1.2B in a South Carolina facility for magnet production. The company aims to establish a 'mine-to-magnet' supply chain independent of China, with U.S. government support.

USA Rare Earth (USAR) completed its CEO succession, naming Thras Moraitis as CEO. The company reorganized into three business units: Upstream, Midstream, and Downstream. Moraitis will lead Upstream, while Chaitan Kansal and David Bushi will head Midstream and Downstream, respectively. The company operates across multiple stages of the rare-earth supply chain, including mines, processing facilities, and magnet production. USAR aims to establish a Western-aligned rare-earth products supply chain.