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โข Adj. EPS: -$0.12 (Est. -$0.22) โ
โข Revenue: $5.7M (Est. $3.63M) โ
โข Net loss: $67.0M
โข Cash used in operating activities: $18.6M
โข Cash balance: $1.75B
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Closed $1.5B PIPE financing in January 2026
โข Signed definitive agreement to acquire Serra Verde for ~$2.8B
โข Commissioned Phase 1A at Stillwater magnet facility
โข Potential access to $1.6B in CHIPS funding plus $14.2M Texas grant
โข Targeting 600 MTPA magnet manufacturing capacity by Q4 2026
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โWe have moved with precision to assemble a world-class leadership team and board capable of scaling this industrial operating system at global scale.โ