USA Rare Earth, LLC (USARE) has announced a strategic partnership with Hatch, a global engineering and project management firm, to establish a fully integrated rare earth magnet facility in the United States. This partnership includes an investment from Hatch, signifying their alignment with USARE’s vision.
Driven by the increasing demand for rare earth magnets in electric vehicles, windmills, medical devices, smartphones, and aerospace/defense applications, USARE aims to become the first mine-to-magnet producer in the country. To achieve this, they are reconstructing a sintered magnet production facility in Stillwater, Oklahoma, and an extraction and separation facility in Sierra Blanca, Texas. Magnet Manufacturers
Hatch, renowned for its expertise in mineral extraction and processing, offers engineering solutions across the entire rare earth value chain. They provide support in mining, processing, procurement, engineering, and construction management of rare earth metal alloys and magnets.
Tom Schneberger, CEO of USA Rare Earth, expresses his delight in having Hatch as a partner, stating their importance in achieving the company’s vision of a fully integrated rare earth magnet facility in the USA.
John Bianchini, CEO of Hatch, acknowledges the growing demand for rare earth elements in the transition towards cleaner and greener energy solutions. He is excited to work with USA Rare Earth and contribute to establishing a stable and secure rare earth supply chain in the USA.
USA Rare Earth, LLC is on its way to becoming the leading domestic supplier of rare earth magnets and heavy rare earth elements needed in various industries, including electric vehicles, green energy, consumer electronics, and defense. Their assets include a magnet production facility in Stillwater, Oklahoma, and the Round Top Heavy Rare Earth and Critical Minerals deposit in Hudspeth County, West Texas.
Hatch, with over six decades of industry experience and a workforce of 10,000, is committed to providing innovative and efficient solutions to their clients in mining, energy, and infrastructure sectors.
Neodymium Rod Magnets By partnering with Hatch, USA Rare Earth takes a significant step towards establishing a stable domestic rare earth magnet production and contributing to the global transition to green technologies.