USAR Stock Drops Overnight As Loss Widens, But Retail Turns ‘Bullish’ On Serra Verde Rare Earth Shipment Milestone
Higher expenses widened USA Rare Earth’s adjusted losses, even as commercial shipments from Brazil commenced. USA Rare Earth generated $3 million in Q3 revenue, but adjusted loss widened to $0.44 per share. USA Rare Earth began commercial-scale rare earth shipments from its Brazil operation and received its first payments in November. The shipments are covered … Read more