USA Rare Earth and PolarStar Innovations Sign Memorandum of Understanding for Delivery of U.S.-Made Neo Magnets

STILLWATER, Okla., May 27, 2025 (GLOBE NEWSWIRE) -- USA Rare Earth, Inc. (Nasdaq: USAR) (USAR or the Company), which is building out America’s first fully domestic rare earth element magnet production supply chain that includes the mining and processing of heavy rare earths and other critical minerals, today announced it has signed a memorandum of understanding (MOU) with Shoreview, MN-based PolarStar Magnetics (PolarStar). PolarStar manufactures programmable magnets. PolarStar offers a range of products designed for superior magnetic attachment on thin ferrous surfaces and is a Tier 2 supplier for projects in the aerospace sector that require Defense Federal Acquisition Regulation Supplement, or DFARS-compliant magnets.

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