Core Viewpoint - USA Rare Earth, Inc. has selected Fluor Corp. and WSP Global Inc. as its Engineering, Procurement and Construction Management partners to advance the Definitive Feasibility Study for the Round Top Rare Earth Project in Texas [1][2] Group 1: Project Development - The selection of Fluor and WSP follows a thorough evaluation of bids and brings substantial technical and engineering capabilities to the Round Top project, supporting a disciplined path toward commercial production [2] - USA Rare Earth is implementing an Accelerated Mine Plan to expedite the Round Top project, with the first phase of the Definitive Feasibility Study utilizing results from ongoing solvent extraction pilot work in Colorado [3] - The company plans to operate its demonstration plant in Wheat Ridge, Colorado for at least 2,000 continuous hours, with operations expected to conclude in October 2026, and data from this run will inform the second phase of the DFS [4] Group 2: Future Plans and Goals - In the first half of 2026, USA Rare Earth will conduct confirmatory and geotechnical drilling at Round Top, along with a heap leach optimization study to support mine design and engineering, aiming for commercial production of heavy rare earth oxides by late 2028 [5] - The Vice President of Mining & Processing at USA Rare Earth emphasized the importance of Fluor and WSP's expertise in delivering complex mining projects, which is crucial for establishing a secure domestic supply of heavy rare earth elements and critical technology metals [6] Group 3: Company Overview - USA Rare Earth, Inc. is focused on creating a fully integrated ex-China rare earth and permanent magnet value chain, operating across the entire value chain from heavy rare earth processing to magnet manufacturing [7] - The company combines domestic feedstock from the Round Top deposit with advanced processing technologies and recycling capabilities to establish a secure supply of materials essential for various industries, including defense and renewable energy [7]