3 Rare Earth Stocks With Market Caps Over $989 Million

Growing concern over underwater cables and energy infrastructure security has pushed governments to rethink where critical materials come from. Rare earth miners sit right in that conversation because their output goes into advanced sensors, subsea monitoring gear, and defense systems. That link between security and supply is creating fresh attention on rare earth metal opportunities. This article highlights three rare earth stocks pulled from our specialist screener.

The three rare earth stocks covered below are just a sample, and the full rare earth metals screen surfaced 33 more companies with equally compelling stories that are not detailed in this article. To identify your own highest conviction rare earth metal opportunities, go straight to the Rare Earth Metal Stocks screener.

Critical Metals (CRML)

Overview: Critical Metals Corp. is a New York based explorer developing rare earth element projects in Southern Greenland and Austria, alongside lithium.

Operations: The business currently generates about US$1 million in revenue from mineral exploration, reported as approximately US$0.77 million.

Market Cap: US$989 million

Critical Metals provides direct exposure to heavy rare earth projects in Greenland and Austria at a time when governments are seeking Western aligned supply for high tech and defense. The stock is at an early, high risk exploration and refinery planning stage, so outcomes depend heavily on how one unresolved funding and execution pressure is addressed.

With that funding question hanging in the air, it is worth seeing how analysts frame the trade off in the analysis report for Critical Metals before forming your own view.

MP Materials (MP)

Overview: MP Materials runs the Mountain Pass rare earth mine and magnet manufacturing operations in the U.S., supplying NdPr based materials for EVs, wind turbines, and defense technology.

Operations: The business reports about US$286 million from its Materials segment and roughly US$79 million from Magnetics, with a small negative segment adjustment.

Market Cap: US$8.8 billion

MP Materials matters in this rare earth metals screen because it links a domestic mine in California directly to magnet production for EV motors, turbines, and defense hardware.

"MP Materials' recently secured long-term, government-backed offtake agreements, which include a minimum price floor and guaranteed EBITDA for magnet output from the Department of Defense, as well as a $500M+ multi-year supply contract with Apple, are intended to support more predictable and resilient revenue streams that are less exposed to price volatility."

What happens to MP Materials' earnings power will hinge on how efficiently that expanded mine to magnet model turns capital spending into durable margins.

If that mine to magnet transition is what you care about, read the full narrative for MP Materials to see whether capital intensity is masking or accelerating the potential of MP Materials.

USA Rare Earth (USAR)

Overview: USA Rare Earth develops and processes rare earth elements from its Round Top Mountain project and related facilities for advanced technology supply chains.

Market Cap: US$3.8 billion

USA Rare Earth matters for this rare earth metals screen because Round Top ore and downstream processing are aimed squarely at EV motors, defense hardware, and high end electronics, with early projects already rooted in U.S. soil.

"The award comes through the DOE’s Critical Materials Innovation, Efficiency and Alternatives program and is aimed at advancing a pilot-scale rare earth element (REE) separations project within the United States."

What happens to USA Rare Earth's future margins and growth now hinges on how one unresolved funding and execution pressure is handled.

If that funding and execution pressure is what you are weighing, read the full narrative for USA Rare Earth to see whether USA Rare Earth's DOE backed pilot is accelerating or stalling ambitions.

Seeking Alternatives Before Momentum Hits

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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