USA Rare Earth, Inc. (NASDAQ: USAR) has announced plans to invest approximately €175 million in France through 2030 to expand its metal, alloy and magnet manufacturing operations.
The investment builds on existing French initiatives, including a rare earth metal and alloy facility at Lacq operated by subsidiary Less Common Metals, and a strategic investment in Carester SAS alongside InfraVia Capital Partners. The expansion could create over 300 jobs.
The company said the investment would be made with French government incentives, including the C3IV program, with potential additional support through debt guarantees and a possible direct equity investment. Plans align with agreements with the U.S. Department of Commerce.
CEO Barbara Humpton spoke at the Choose France summit in Paris, confirming magnet manufacturing in France as a key objective.
USA Rare Earth operates across the rare earth value chain through its ownership of Less Common Metals, magnet manufacturing development in Stillwater, Oklahoma, the Pela Ema mine in Brazil, and the Round Top deposit in Texas.
Recently, the company reported Q1 2026 earnings beating expectations with EPS of -$0.12 vs. -$0.14 expected. It also secured up to $19.3 million in federal funding from the U.S. Department of Energy.
