This article first appeared on GuruFocus .

USA Rare Earth ( NASDAQ:USAR ) is preparing to acquire the remaining stake in its Round Top rare earth deposit in Texas, valuing the deal at about $73 million, according to Bloomberg. The Stillwater, Oklahoma-based company plans to purchase all outstanding shares of Texas Mineral Resources in a transaction valued at roughly 3.8 million USA Rare Earth shares, consolidating ownership of the project.

Round Top is considered one of the largest heavy rare-earth deposits in the United States and contains elements critical for permanent magnets used in electric vehicles, robotics, semiconductors, and defense systems. The asset sits at the centre of USA Rare Earth's strategy to build a vertically integrated domestic supply chain spanning mining, processing, and magnet manufacturing. The company is also developing a magnet plant in Oklahoma to support that mine-to-magnet model.

The move comes amid heightened policy support for domestic critical minerals. Earlier this year, the U.S. government proposed a $1.6 billion debt and equity package tied to a potential 10% federal stake in USA Rare Earth, part of broader efforts to reduce reliance on China's dominance in rare-earth processing.

USA Rare Earth shares traded at $19.14 in pre-market trading on March 5, 2026, about 1.22% higher than the previous close.