USA Rare Earth Partners With Moog to Bring Magnet Production Back to America for Global Data Centers

USA Rare Earth, Inc. (NASDAQ:USAR) (USAR or the Company) today announced it has signed a memorandum of understanding (MOU) with Moog Electric Motion Solutions (Moog) for delivery of the Company's neo magnets, of which USAR plans to begin production in early 2026. Moog Electric Motion Solutions provides precision motion and fluid control systems and will begin prototyping USAR's neo magnets for use in Moog's high-performance coolant distribution pumps used in data centers around the world.

The MOU is the latest in a series of agreements with potential customers announced by the Company following the March 31, 2025, commissioning of its Innovations Lab in Stillwater, Oklahoma. USAR's Innovations Lab mimics the production capabilities of the USAR's commercial manufacturing facility once commissioned in 2026. This capability now allows the Company to begin prototyping magnets and move through the qualification processes of potential customers, like Moog, as it seeks to scale up to its initial capacity next year.

"We continue our mission to bring the rare earth supply chain back to the broader technology market here in the U.S.," said Joshua Ballard, CEO of USA Rare Earth. "We are excited to support Moog in bringing their magnets back home to America, a leader in so many critical industries in need of neo magnetic applications. We look forward to building a lasting partnership for many years to come."

As part of the agreement, USA Rare Earth will design and test permanent Neodymium magnets for use in Moog's CoreMotion™ technology, which is driving energy efficiency in data centers deployed globally.