# USA Rare Earth to acquire Less Common Metals for $125 million

USA Rare Earth announced a definitive agreement to acquire Less Common Metals, a UK-based rare earth metal and alloy manufacturer, for $100 million in cash and 6.74 million shares of common stock. The acquisition accelerates USAR's mine-to-magnet strategy.

- Type: Acquisition
- Announced: 2025-09-29
- Where: Cheshire, United Kingdom
- Value: $125.0M
- Status: announced
- Products: rare earth metals, rare earth alloys, samarium cobalt, neodymium praseodymium
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [USA Rare Earth, Inc.](https://endata.com/companies/32117.md) (acquirer)
- [Less Common Metals](https://endata.com/companies/87436.md) (target)

## Sources

- [investors.usare.com](https://investors.usare.com/news-releases/news-release-details/usa-rare-earth-accelerates-mine-magnet-strategy-transformative), 2025-09-29: "The acquisition of LCM is a bold and transformative leap forward for USA Rare Earth."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.