GlobeNewswire·Nov 20, 2025, 7:01 AM ET

USA Rare Earth Subsidiary Less Common Metals and Solvay Sign Strategic Agreement to Provide Permag Secure, Stable Supply of Rare Earth Metals

USA Rare Earth's subsidiary Less Common Metals (LCM) formed a strategic partnership with Solvay to supply rare earth metals to Permag.
The agreement ensures a secure supply of Samarium for the European market and Permag's global customers over the next three to five years.
LCM will utilize its metallization expertise to produce Samarium materials using oxides concentrated & separated by Solvay.
Samarium serves as a critical input for high-performance magnets used in advanced manufacturing, defense, & clean-energy technologies.
USA Rare Earth CEO Barbara Humpton stated the collaboration strengthens Europe's access to rare-earth materials & supports allied industrial security.
USA Rare Earth closed its acquisition of LCM on November 18, 2025.
LCM will continue serving its global customer base while providing alloy feedstock for USA Rare Earth's Stillwater, Oklahoma magnet facility.
The Stillwater magnet manufacturing facility remains on track for commissioning in the first quarter of 2026.
USA Rare Earth is developing a domestic rare earth supply chain to support its magnet plant & market surplus materials to third parties.