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USA Rare Earth exercises option to pick 80% stake in Round Top project 21 May 2021 (Last Updated May 21st, 2021 15:08)
As per the deal signed in 2019, USA Rare Earth has exercised its option to acquire an 80% stake in the Round Top project in the US.
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USA Rare Earth has exercised its option to acquire 80% of the Round Top heavy rare earth project in Texas, US.
The option has been exercised in accordance with the terms of the amended and restated option agreement signed with Texas Mineral Resources (TMRC) in 2019.
Additionally, USA Rare Earth raised $50m in a Series C funding round.