Tampa, FL – According to filings with the U.S. Securities and Exchange Commission, USA Rare Earth is raising $51,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Pini Althaus played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About USA Rare Earth
USA Rare Earths mission is to create a fully integrated, US-based mine-to-magnet critical mineral supply chain supporting the ongoing green revolution, with no dependence on China. USA Rare Earth, LLC (USARE) owns an 80% operating interest in the Round Top Heavy Rare Earth, Lithium, and Critical Minerals Project located in Hudspeth County, West Texas. And with its development of the first rare earth and critical minerals processing facility in the United States (Colorado), and ownership of the only neodymium iron boron (NdFeB) permanent magnet manufacturing capability in the Western Hemisphere, USARE is poised to become the leading domestic supplier of critical raw materials required for the electric vehicle, green energy, consumer electronics, and defense industries, as well as battery grade lithium and tech metals needed for chipsets, semiconductors, and 5G.

To learn more about USA Rare Earth, visit http://www.usare.com/

Contact:
Pini Althaus, Chief Executive Officer
813-867-6155
pini@usarareearth.com
https://www.linkedin.com/in/pini-althaus-76202714/

SOURCE: http://www.intelligence360.io
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