USA Rare Earth Q1 Beats Estimates, Cash Surges

USA Rare Earth posted Q1 2026 adjusted loss of $0.12 per share, beating $0.14 estimate, with $5.7 million revenue.
Cash balance surged to $1.75 billion after a $1.5 billion PIPE in January, supporting a proposed $1.6 billion CHIPS Program collaboration.
Company commissioned Phase 1a at Stillwater magnet plant, targeting 600 mt/yr capacity by Q4 2026 and Q2 2026 magnet deliveries.
Acquired Texas Mineral Resources Corp., gaining 100% control of Round Top project; net cash used $18.6 million, capex $38.6 million.