# USA Rare Earth, Inc. (USAR) — capital_return [pending]
Source: SEC API (secapi.ai) · situation sit_503787dc3ab3c858ffe1 · retrieved 2026-08-11T15:54:34.047Z

## Overview
USA Rare Earth, Inc. is building a fully integrated rare earth and permanent magnet value chain across the United States, the United Kingdom, and Europe, operating across mining, metal-making, alloy production, and neodymium magnet manufacturing.

On July 22, 2026, USA Rare Earth, Inc. (USAR) and InfraVia CMF Invest S.à r.l. entered into a Share Purchase and Investment Agreement to acquire minority stakes in Carester SAS, a French rare earth processing and separation company. The New Investors will invest an aggregate of EUR 45,000,225.00 in Carester by subscribing for preferred shares: EUR 33,333,525.00 in cash (USAR: EUR 10,833,525.00; InfraVia: EUR 22,500,000.00) and EUR 11,666,700.00 through USAR's in-kind contribution of USAR common stock. Upon completion, USAR will hold 177,778 Preferred Shares RR, representing approximately 13.6% of Carester's share capital. The transaction is expected to close in Q3 2026, subject to completion of a Rhodia exit and other customary conditions. USAR and its subsidiary LCM Europe will have the ability to purchase a portion of Carester's rare earth oxide output and access to Carester's engineering capabilities for separation, processing, and recycling.

## Terms
- Counterparty: Carester SAS; InfraVia CMF Invest S.à r.l. · Consideration: mixed · Stake: 13.6%

## Key dates
- Announced 2026-07-23 · Expected close 2026-09-30

## Timeline
- 2026-07-23 · 8-K (0001213900-26-080645): 8-K - USA Rare Earth, Inc. — *USA Rare Earth, Inc. is building a fully integrated rare earth and permanent magnet value chain across the United States, the United Kingdom, and Europe, operating across mining, metal-making, alloy production, and neodymium magnet manufacturing.* On July 22, 2026, USA Rare Earth, Inc. (USAR) and InfraVia CMF Invest S.à r.l. entered into a Share Purchase and Investment Agreement to acquire minority stakes in Carester SAS, a French rare earth processing and separation company. The New Investors will invest an aggregate of EUR 45,000,225.00 in Carester by subscribing for preferred shares: EUR 33,333,525.00 in cash (USAR: EUR 10,833,525.00; InfraVia: EUR 22,500,000.00) and EUR 11,666,700.00 through USAR's in-kind contribution of USAR common stock. Upon completion, USAR will hold 177,778 Preferred Shares RR, representing approximately 13.6% of Carester's share capital. The transaction is expected to close in Q3 2026, subject to completion of a Rhodia exit and other customary conditions. USAR and its subsidiary LCM Europe will have the ability to purchase a portion of Carester's rare earth oxide output and access to Carester's engineering capabilities for separation, processing, and recycling.
  https://www.sec.gov/Archives/edgar/data/1970622/0001213900-26-080645.txt

## Citations
- 0001213900-26-080645 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026080645