USA Rare Earth Stock Skyrockets on Rare Earth Boom and White House Buzz – What’s Driving USAR’s Record High?
USA Rare Earth shares surged above $30 intraday on Oct. 7, up nearly 5x from their 52-week low, after CEO Barbara Humpton said the firm is in “close communication” with the White House. The company announced a $100 million acquisition of UK-based Less Common Metals in late September. USAR remains pre-revenue, reporting a Q2 net loss of about $142 million and holding $120–128 million in cash mid-year.