USA Rare Earth Appoints Dr. Alex Moyes as VP of Mining

USA Rare Earth Expands Leadership Team

USA Rare Earth (NASDAQ: USAR) has announced the recent addition of Dr. Alex Moyes as Vice President of Mining. His role is crucial as he will spearhead the mining operations and guide the company’s strategic efforts in the ongoing development and extraction planning for the Round Top deposit. This deposit is noted for being one of the richest heavy rare earth, gallium, and beryllium resources in the country.

Dr. Moyes Brings Extensive Experience

With nearly two decades of experience in the mining and minerals sector, Dr. Moyes is well-equipped for this significant position. His former role as Director of Critical Minerals and Planning at Ramaco Resources, Inc. has honed his skills in geology and mining engineering, which will be invaluable to USA Rare Earth as it moves toward production.

Expertise in Critical Minerals

Dr. Moyes's expertise in critical minerals and techno-economic modeling will be instrumental in developing innovative exploration and extraction methodologies. His comprehensive knowledge enhances the company's plans to revolutionize the mining sector and effectively manage its extraction processes.

Vision for a Sustainable Supply Chain

Barbara Humpton, the Chief Executive Officer of USA Rare Earth, recent comments emphasize the company's commitment to building a robust domestic supply chain for rare earth minerals. She believes that Dr. Moyes’s technical expertise will significantly contribute to achieving their ambitious objectives of transitioning from development to actual production at Round Top.

Empowering the Future of Rare Earth Mining

Dr. Moyes expressed enthusiasm about his appointment, seeing it as a pivotal moment for both USA Rare Earth and the wider industry. He recognizes the company's unique position, highlighted by its mine-to-magnet supply chain that provides unparalleled capabilities in the rare earth space.

Academic Credentials of Dr. Moyes

Dr. Moyes holds four prestigious degrees from the University of Utah, including a PhD in Mining and Minerals Engineering, an MBA in Strategy and Entrepreneurship, a Master’s in Geology, and a Bachelor’s in Geoscience. His extensive academic background complements his practical experience, making him a strong asset for USA Rare Earth.

About USA Rare Earth

USA Rare Earth, Inc. (NASDAQ: USAR) is at the forefront of establishing a manufacturing plant for rare earth magnets in Stillwater, Oklahoma. The company is committed to not only developing its supply and extraction capabilities for rare earth elements but also marketing surplus materials to various sectors. This endeavor aligns with national priorities, ensuring a sustainable, domestic supply of critical materials essential for industries such as defense, automotive, healthcare, and consumer electronics.

Contact Information for Investor Relations

For inquiries related to investor relations, reach out to: Lionel McBee
VP, Investor Relations
Email: IR@usare.com

Contact Information for Media Relations

For media inquiries, contact:
Tucker Elcock
Teneo
Email: Tucker.Elcock@teneo.com

Frequently Asked Questions

What is the role of Dr. Alex Moyes at USA Rare Earth?

Dr. Moyes serves as the Vice President of Mining, overseeing mining operations and extraction strategies.

What experience does Dr. Moyes bring to USA Rare Earth?

He has nearly 20 years of experience in mining, geology, and critical minerals, including his role at Ramaco Resources, Inc.

Why is the Round Top deposit significant?

The Round Top deposit is renowned as the richest heavy rare earth, gallium, and beryllium deposit in the nation.

How does USA Rare Earth contribute to the supply chain for rare earth elements?

USA Rare Earth is developing processing capabilities to supply its magnet manufacturing plant and other industries reliant on rare earth materials.

Where can I find more information about USA Rare Earth?

You can find more details by reaching out to their investor relations via email or visiting their corporate website.

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