USA Rare Earth is expected to achieve breakeven after receiving government investment

Glonghui, January 26｜USA Rare Earth Chief Financial Officer Rob Steele told analysts during a conference call that the government’s investment will enable the company to accelerate operations, and the company now expects to achieve cash flow breakeven by 2029. He stated that the company expects to reach gross profit breakeven in 2027 and achieve EBITDA breakeven in 2028. The company has also set a revenue target of $6 billions for 2032. Steele said, “We are excited about this deal because it accelerates our path to commercial scale.” USA Rare Earth surged 21% in pre-market trading.