M&A Deal Summary

USA Rare Earth Acquires Less Common Metals

On September 29, 2025, USA Rare Earth acquired metals/mining company Less Common Metals for 100M USD

Acquisition Highlights
  • This is USA Rare Earth’s 1st transaction in the Metals/Mining sector.
  • This is USA Rare Earth’s largest (disclosed) transaction.
  • This is USA Rare Earth’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2025-09-29
Target Less Common Metals
Sector Metals/Mining
Buyer(s) USA Rare Earth
Deal Type Add-on Acquisition
Deal Value 100M USD
Advisor(s) Ellenoff Grossman & Schole (Legal)

Target

Less Common Metals

Cheshire, United Kingdom
Less Common Metals is a manufacturer of specialized rare earth metals and both cast and strip cast alloys. Less Common Metals is based in Cheshire, United Kingdom.

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Buyer(S) 1

Buyer

USA Rare Earth

Stillwater, Oklahoma, United States

Category Company
Founded 2019
Sector Metals/Mining
Employees30
DESCRIPTION

USA Rare Earth is a mining and advanced materials company focused on developing a vertically integrated domestic supply chain for rare earth elements and permanent magnets. USA Rare Earth was founded in 2019 and is based in Stillwater, Oklahoma.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1