USA Rare Earth: A Gamble Worth Watching?

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Right, so USA Rare Earth. Shares up 22.4% today. Honestly? It’s the kind of spike that makes you check your own portfolio just to make sure you haven’t accidentally bought any. Which, let’s be real, is always a possibility. I mean, who hasn’t chased a shiny object, right?

Rare earths are having a moment. Thanks, in part, to a certain ex-president and his…enthusiasm for Greenland. It’s all a bit theatrical, isn’t it? But beneath the drama, there’s genuine interest. People are finally waking up to the fact that not being entirely reliant on one country for, well, everything, is probably a good idea. Who knew?

They announced a deal in France a couple of days ago – a bit of government subsidy involved, naturally. And then Lynas Rare Earths, the slightly more established player, posted some solid numbers. 43% revenue growth. Not bad. It’s making these little guys look… less hopeless. Which is, admittedly, a low bar. But hey, we take what we can get.

Today’s news? They’ve picked Fluor and WSP Global for the Round Top project in Texas. EPC partners. Sounds very official. They’re talking about an “Accelerated Mine Plan.” Which, let’s translate that into plain English, means they’re desperately trying to get something – anything – out of the ground before they run out of money. I admire the hustle, honestly.

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USA Rare Earths names its EPC suppliers for Round Top

So, Fluor and WSP. Big names. Which means they’re either genuinely confident in this project, or they’ve got a really good PR team. Or both. They’re aiming for 2028. Two years earlier than previously forecast. Ambitious. Borderline delusional, maybe. But you have to give them credit for aiming high. I mean, what’s the worst that could happen?

Progressing toward revenue

Look, let’s be clear. USA Rare Earth is a speculative play. They haven’t actually made any money yet. They’ve burned through $21 million in the first nine months of 2025. Ouch. But they’ve also got $400 million in the bank. Which, in the world of junior miners, is practically Scrooge McDuck levels of wealth. For now. It’s like watching someone gamble with a trust fund. You know it’s reckless, but you can’t look away.

Today’s announcement is a step in the right direction, I suppose. But there’s still a lot of work to be done. And a lot of money to spend. Before they actually start digging something valuable out of the ground. Still, with China dominating the rare earths market, there’s a genuine demand for alternative sources. And that’s not going to change anytime soon. It’s a long shot, yes. But sometimes, the biggest returns come from the biggest risks. Don’t tell my financial advisor I said that.

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2026-01-22 22:32