USA Rare Earth MoU to deliver US-made magnets to PolarStar
May 28, 2025
USA Rare Earth Inc (USAR), headquartered in Stillwater, Oklahoma, USA, has signed a memorandum of understanding with PolarStar Magnetics of Shoreview, Minnesota, USA. The move is expected to help facilitate USAR’s mission to establish and secure a domestic rare earth magnet supply chain for both critical US industries and everyday consumer products.
“We are on a quest to bring high-powered magnet production back to the US and are pleased to partner with such an innovative company involved in high-growth and high-value magnetic applications,” stated Joshua Ballard, CEO of USA Rare Earth. “We look forward to working with PolarStar to develop a true partnership in providing Made-in-USA designated and DFARS-compliant high-powered magnets to the defence industry, among others.”
PolarStar manufactures programmable magnets and offers a range of products designed for superior magnetic attachment on thin ferrous surfaces. The company is Tier 2 supplier for projects in the aerospace sector that require Defense Federal Acquisition Regulation Supplement, or DFARS-compliant magnets.
Using the available capacities of USAR’s facilities, PolarStar will be included in early-round testing of US-made magnets, providing the manufacturer an avenue to accelerate prototype magnet capabilities.
“We are thrilled to be included in the early-round testing and supply of US-made magnets at USA Rare Earth’s Innovations Lab,” added Ryan Harris, General Manager for PolarStar. “This strategic partnership will allow us and our customers to comply with the new and upcoming DoD requirements.”
Discussions between the companies will now progress toward a detailed multi-year supply agreement.
