USA Rare Earth (USAR) Stock Jumps 7% After Completing Merger With Texas Mineral Resources
TLDR
- USA Rare Earth completed its merger with Texas Mineral Resources on Thursday, finalizing a deal first signed March 4, 2026
- USAR stock jumped 7.5% to $20.00, with the stock up 56% year-to-date and a market cap of $4.55 billion
- Texas Mineral Resources shareholders received 0.043279843 of a USAR share for each share held
- Nine analysts rate USAR a Buy with a consensus price target of $35.83; Northland Securities has a $45 target
- Q2 2026 revenue came in at $5.82 million, missing the $8 million Wall Street estimate; EPS loss of $0.15 beat the expected $0.07 loss
USA Rare Earth (USAR) stock climbed 7.5% to $20.00 on Friday, touching an intraday high of $20.50. The move came as the company confirmed completion of its merger with Texas Mineral Resources Corp.
The deal, originally signed on March 4, 2026, was structured as a two-step merger. First, a wholly owned subsidiary of USA Rare Earth merged with Texas Mineral Resources. Then a second subsidiary merged with the surviving entity.
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