USA Rare Earth gains on tie-up with Enduro for neo magnets delivery

Shares of rare earth magnet company USA Rare Earth USAR.O rise 2.1% to $15.77 premarket

Company signs memorandum of understanding with Enduro Pipeline Services for delivery of the its neo magnets, of which USAR plans to begin production in early 2026

Enduro provides pipeline cleaning and inline inspection (ILI) tools; its advanced pipeline pigs, also known as "intelligent pigs" or "smart pigs," use high-powered neodymium magnets to collect ferrous debris, detect defects, and track their location within the pipeline

USAR says the agreement is the latest in a series commissioning its innovations lab in Stillwater, Oklahoma, which mimics the production capabilities of its commercial manufacturing facility once commissioned in 2026

Up till last close, stock up 34.5% YTD