USA Rare Earth (USAR) Climbs 9% on Mine Site Devt

We recently published 10 Stocks Delivering Double-Digit Gains Effortlessly; 4 Hit Highs. USA Rare Earth Inc. (NASDAQ:USAR) was one of the best performers on Friday.

USA Rare Earth extended its winning streak to a 5^th consecutive day on Friday, jumping 9.07 percent to close at $24.77 apiece as investors continued to load up positions amid progress on the development of its Round Top Rare Earth Project in Sierra Blanca, Texas.

In a statement on Thursday, USA Rare Earth Inc. (NASDAQ:USAR) said that it tapped Fluor and WSP as its Engineering, Procurement and Construction Management (EPCM) partners to advance the Definitive Feasibility Study for the said site.

The first phase of the study is targeted to be completed using results from its solvent extraction (SX) pilot work, which is currently underway at its facility in Wheat Ridge, Colorado.

At the same time, USA Rare Earth Inc. (NASDAQ:USAR) plans to operate its demonstration plant in Wheat Ridge, Colorado for at least 2,000 continuous hours, with operations currently expected to conclude in October 2026.

In parallel, USA Rare Earth Inc. (NASDAQ:USAR) expects to carry out confirmatory and geotechnical drilling at Round Top in the first half of 2026, along with a heap leach optimization study, to support mine design and engineering.

“Fluor and WSP are key partners with the experience and expertise required to move Round Top toward commercial delivery,” said Alex Moyes, PhD, Vice President of Mining & Processing at USA Rare Earth.

“Their teams know how to deliver complex mining and processing projects, and that matters as we work to bring a secure, domestic supply of heavy rare earth elements, inclusive of yttrium, into production, along with critical technology metals such as hafnium, zirconium, and gallium. This is another step toward strengthening the US rare earth value chain at a time when reliability and resilience are increasingly important.”

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Disclosure: None. This article is originally published at Insider Monkey.