USA Rare Earth to acquire 13.6% minority stake in France’s Carester
The agreement allows USA Rare Earth and its subsidiary LCM Europe to buy a share of the output from Carester’s Caremag facility.
24 July 2026
24 July 2026
The agreement allows USA Rare Earth and its subsidiary LCM Europe to buy a share of the output from Carester’s Caremag facility.
The company plans to integrate high-precision GPS technology through a new partnership with L5 Navigation.
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The company confirmed the staking of an additional 106 lode mining claims covering roughly 8.86km² north-west of the property.
The agreement covers two MEMUs, along with the supply of explosives, blasting accessories, technical support and digital tools.
Industrial decline, geology, environmental outsourcing and Chinese competition explain the West's critical minerals dependence more than recent policy failures, argues Benoist Ollivier of Ferroglobe.
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