USA Rare Earth (USAR.US) plans to acquire LCM for $100 million, and Hampton will replace Ballard as the new CEO.

Zh tng cijng APP huzh, USA Rare Earth (USAR.US) xunb, y dchng xiy y 1 y miyun xinjn ji 674 wn g ptng g de duji, shugu xt jnsh j hi lng shngchnshng LCM; tngsh rnmng b b l hn p tng (Barbara Humpton) wi xn rn shuxng gun (CEO), jiri qiosh b l d (Josh Ballard), rnmng jing y 10 yu 1 r zhngsh shngxio. xioxi fb hu, gi gngs zhu y pnqin gji shngshng 6.4%. According to the Intelligent Financial APP, USA Rare Earth (USAR.US) announced that it has reached an agreement to acquire rare earth metals and alloy producer LCM for a consideration of $100 million in cash and 6.74 million ordinary shares. They also appointed Barbara Humpton as the new CEO, replacing Josh Ballard, with the appointment becoming effective on October 1st. After the news was released, the company's stock price rose by 6.4% in pre-market trading on Monday.