USA Rare Earth (USAR) Stock Skyrockets on Major UK Acquisition and White House Talks
USAR shares jumped about 10% in pre-market trading Oct. 3 after CEO Barbara Humpton said the company is in “close discussions” with the White House. The stock has climbed nearly 100% year-to-date, reaching $22.70 and a $2.6 billion market cap. USAR reported a Q2 net loss of $142.7 million but ended the quarter with $121.8 million in cash and no significant debt. The company announced a $100 million acquisition of UK-based Less Common Metals.