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American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

Money

USA Rare Earth falls 6% as milestone funding lags behind

A2D News Desk

Rare earth stocks fell as a group, with USA Rare Earth (NASDAQ:USAR) dropping 6% to $11.86, a 30% decline over the past month. The decline follows a broader sector sell‑off that has left investors questioning the timing of the company’s milestone‑based reimbursement program.

MP Materials (NYSE:MP) also fell 6% to $43.45, while Critical Metals (NASDAQ:CRML) held up with a 0.5% dip to $6.82. The VanEck Rare Earth and Strategic Metals ETF (NYSEARCA:REMX) slid 5% to $58.15, compared with a 0.1% change in the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) at $777.95.

On its August 10 results call, CFO Rob Steele explained that USA Rare Earth’s reimbursement program is milestone‑based, with the first distribution expected in the coming months. The company reported $6 million in revenue, $66 million in capital expenditures, and $1.5 billion in cash at period end, positioning it to capitalize on the government funding once the milestones are met.

Read the full story at 247wallst.com.

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