NASDAQ:IDYA 2 February 2026

April 5, 2026, 9:43 PM EDT. USA Rare Earth (NASDAQ:USAR) accelerates U.S. supply of rare earth magnets, vital for defense, challenging China's 90% market grip. The April 2, 2026, U.S. tariffs on Chinese magnets boost USAR's demand. The company started commercial production in Oklahoma and sealed a $73 million Texas project acquisition. A new distribution deal with Arnold Magnetic Technologies targets defense and aerospace sectors. Cash reserves exceed $400 million, with $1.5 billion raised via PIPE and $1.6 billion expected from the U.S. government's CHIPS Program. Though unprofitable, Q3 2025 losses include substantial non-cash charges. Technically, USAR trades near key support around $15.92, with strong volume and multiple upside targets extending towards $44, reflecting optimism on production scale-up and tariff benefits.