By Adriano Marchese
USA Rare Earth has appointed William Robert Steele Jr. as its next chief financial officer, effective immediately.
Steele brings with him over three decades of experience in finance and investment banking, including a strong background in capital raises and M&A transactions throughout his career in both the private and public markets.
Prior to joining the company, Steele was CFO at industrial robotics company Mujin, as well as managing director at Bank of America Securities where he was responsible for public and private equity, debt and M&A transactions.
USA Rare Earth is currently developing a domestic rare-earth-element magnet production supply chain that includes the mining and processing of heavy rare earths and other critical minerals.
The company said Steele's capital raising and strategic financial experience will support its future growth in both mining and magnet manufacturing as the company scales.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
March 24, 2025 07:58 ET (11:58 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.