USA Rare Earth, Inc. (NASDAQ:USAR) (the Company) today announced that the State of Texas has awarded the Company a $14,177,600 grant from the Texas Semiconductor Innovation Fund (TSIF) to accelerate development of its Round Top Mountain heavy rare earth project in Hudspeth County, Texas. The award supports a project expected to generate approximately 260 new jobs and to represent more than $1.4 billion in capital investment in West Texas.

The Round Top Mountain deposit is one of the most significant domestic sources of heavy rare earth elements (HREEs) and select technology metals in the United States. The site contains an estimated one billion tons of material and 15 of the 17 rare earth elements, anchoring the Company's strategy to deliver mine to magnet capability to U.S. and global customers in defense, aerospace, semiconductor, data center, physical AI, autonomous systems, mobility, healthcare, and industrial sectors.