USA Rare Earth completes merger with IPXX, secures $50M for magnet production

USA Rare Earth completed its business combination with Inflection Point Acquisition Corp. II, raising nearly $50 million from IPXX affiliates and other investors. The company is building a rare earth magnet facility in Stillwater, Oklahoma.

“The additional capital raised will help propel us forward as we build one of the largest magnet facilities in North America to serve the wider neo magnet market.”metal-powder.tech

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• metal-powder.techUSA Rare Earth completes merger with IPXX, secures $50M to boost US rare earth magnet productionPaul WhittakerMar 26, 2025

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