USA Rare Earth, Inc. (Nasdaq: USAR) today announced that the U.S. Department of Energy has selected it to receive up to $19.3 million in funding, subject to final negotiation, under DOE’s “Critical Materials Innovation, Efficiency and Alternatives” program. The award will support the development of a pilot-scale rare earth element separations project advancing domestic processing capacity for materials essential to U.S. energy, defense and advanced manufacturing supply chains.

Rare earth separations represent one of the most concentrated choke points in the global critical minerals ecosystem. Building domestic capability is essential to the long-term resilience of U.S. economic and national security. The project will advance essential technology for processing REEs from domestic resources and specifically support the development of pre-commercial separations capacity in the United States. Final project scope, budget and timeline will be determined through negotiations with DOE.

“We are honored to be selected by the Department of Energy under its critical materials innovation program,” said Barbara Humpton, Chief Executive Officer of USA Rare Earth. “This selection is an important validation of our team’s cutting edge work to build a resilient rare earth value chain. We look forward to collaborating with DOE to define and execute a program that delivers maximum value for U.S. supply chain security, as we continue to build the global leader in rare earths.”

The total project value is approximately $50.5 million, including up to $19.3 million in DOE funding and $31.2 million in non-DOE funding. Final amounts will be set in the negotiated award.

Selection for award negotiations does not constitute a binding commitment of federal funding. Any award is subject to successful completion of negotiations with DOE and the execution of a definitive funding agreement.

About USA Rare Earth

USA Rare Earth, Inc. (Nasdaq: USAR) is building a fully integrated rare earth and permanent magnet value chain across the United States, the United Kingdom, France and Brazil. Through its ownership of Less Common Metals, one of the world’s leading producers of rare earth metals and alloys; its development of magnet manufacturing capacity in Stillwater, Oklahoma; the Pela Ema mine in Brazil (subject to closing the SVG transaction); and the Round Top deposit in Texas, USA Rare Earth operates across the entire value chain from mining to metal-making, alloy production and neodymium magnet manufacturing. USA Rare Earth is establishing a secure, Western-aligned supply of materials essential to the aerospace and defense, semiconductor, energy, data center, physical AI, mobility, healthcare and industrial sectors.

For more information, visit www.usare.com.

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IR@usare.com

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