USA Rare Earth is committed to employing best ESG-practices throughout the supply chain.
We will have sustainable operations powered by renewable energy, with a strong focus on social responsibility and high quality governance.
ESG - ENVIRONMENTAL
More than 80% of our revenue will be from materials used in clean, green applications. The Round Top operations will be 100% powered by an onsite solar plant.
ENVIRONMENTALLY FRIENDLY EXTRACTION AND PROCESSING
The heap leach/CIX process is contained and closed loop, meaning minimal mine waste, no tailings, no energy intensive milling, and no major infrastructure required.
SUPPLY CHAIN TRANSPARENCY
USARE is in partnership with Source Certain to chemically trace provenance of materials to ensure that all feedstock is coming from mines and facilities that adhere to the highest environmental standards.
ESG - SOCIAL
There is strong community engagement and local support USARE.
USARE also has a strategic investment and support from Navajo Transitional Energy Company (NTEC).
The mining project will provide well paid jobs in low income Hudspeth County, West Texas.
The magnet plant, once recommissioned, and new processing facilities will also bring back jobs for communities previously left behind by the tech revolution.
Mine royalties will contribute to the Texas Permanent School Fund to fund public schools. The original projection provides $26m annually and this will increase over time as our production grows.
ESG - GOVERNANCE
Society and business are coming together to transform the way companies approach strategy, drive performance and report results. The implications will be significant.
A company's purpose, the role and makeup of boards of directors, shareholder rights and how corporate performance is measured are core elements of corporate governance structures.
Gender diversity and racial equality is a company priority. USARE is focused on better representation on its corporate board and in executive ranks with equal compensation and mobility for women and people of color.