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USA Rare Earth Announces Joint Development Agreement with ePropelled for Supply of Neo Magnets for Drone Technology
Globenewswireยท 2025-08-05 15:00
Core Insights - USA Rare Earth, Inc. has signed a joint development agreement with ePropelled, Inc. to supply sintered neo magnets for use in ePropelled's advanced motors for uncrewed vehicles [1][2][3] - The partnership aims to enhance the supply chain for rare earth materials essential for ePropelled's products, which are utilized in various applications including defense and commercial drones [3][5] Company Overview - USA Rare Earth is constructing a 310,000 square foot manufacturing facility in Stillwater, Oklahoma, focused on producing rare earth sintered neo magnets [5] - The company controls mining rights to the Round Top Mountain deposit in West Texas, which contains significant heavy rare earths and critical minerals [5] - ePropelled specializes in smart propulsion and energy management systems for uncrewed vehicles and holds 49 patents, serving a global customer base [6] Strategic Importance - The agreement is seen as a milestone for USA Rare Earth in filling its 2026 pipeline and developing high-quality, domestically produced magnets [3] - ePropelled's focus on compliance with international defense standards and domestically manufactured components makes it appealing to government and OEM customers [3][6]