# 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.

- Type: Acquisition
- Announced: 2025-03-26
- Where: Stillwater, Oklahoma, United States
- Value: $50.0M
- Status: announced
- Products: rare earth neo magnets, heavy rare earths
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [USA Rare Earth, Inc.](https://endata.com/companies/32117.md)
- [Inflection Point Acquisition Corp. II](https://endata.com/companies/79341.md) (acquirer)

## Sources

- [metal-powder.tech](https://www.metal-powder.tech/usa-rare-earth-completes-merger-with-ipxx-secures-50m-to-boost-us-rare-earth-magnet-production/), 2025-03-26: "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."

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