USA Rare Earth Inc. (NASDAQ: USAR) announced plans to invest approximately €175 million in France through 2030 to expand its metal, alloy and magnet manufacturing operations in the country.

The investment would build upon the company's existing French initiatives, including a Less Common Metals rare earth metal and alloy production facility at Lacq and a strategic investment in Carester SAS alongside InfraVia Capital Partners.

The planned expansion could create over 300 new jobs in the region and would be implemented in conjunction with French government incentives, including the C3IV program. The company indicated potential for additional French government support through debt guarantees and a possible direct equity investment into USA Rare Earth's European subsidiary.

Chief Executive Officer Barbara Humpton confirmed the strategic initiatives at the Choose France summit in Paris, stating that magnet manufacturing in France represents a key company goal.

"At USA Rare Earth, we are committed to creating resilient, regional operations as we build out the mine-to-magnet value chain," Humpton said. "France is an attractive location, with a strong combination of industrial infrastructure, a re-emerging rare earth processing cluster, skilled workforce, and the policy support to rebuild critical minerals capability."

The investment aligns with USA Rare Earth's planned agreements with the U.S. Department of Commerce, according to the company's statement.

USA Rare Earth operates across the rare earth value chain from mining to magnet manufacturing, with operations planned across the United States, United Kingdom, France and Brazil.