SCHEDULE: EMG Funds Report 7.8% Stake in USA Rare Earth

Several EMG-related entities and John T. Raymond have collectively reported beneficial ownership of 7.8% of USA Rare Earth, Inc.'s common stock as of September 3, 2026.

Summary

• EMG Fund V SVRE Holdings, LLC, along with affiliated entities The Energy & Minerals Group Fund V, LP, EMG Fund V Offshore, LP, The Energy & Minerals Group Fund V Accordion, LP, and EMG Fund V Accordion Offshore, LP, have jointly filed a Schedule 13G.
• These entities, along with John T. Raymond, collectively beneficially own 29,223,081 shares of USA Rare Earth, Inc. common stock.
• This ownership stake represents 7.8% of the total outstanding common stock.
• The filing is based on the outstanding shares of common stock as of September 3, 2026, which was 375,076,567 shares.
• John T. Raymond is the 100% owner of the general partner of the general partner of the LP entities, and has sole voting and dispositive power, though he disclaims beneficial ownership beyond his pecuniary interest.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily reports on beneficial ownership changes and does not contain operational or financial performance updates.

Positives

• The filing clarifies the beneficial ownership structure for a significant portion of USA Rare Earth, Inc.'s stock.
• The reporting persons are acting in accordance with SEC regulations for beneficial ownership disclosure.

Negatives

• The filing does not provide any operational or financial performance data for USA Rare Earth, Inc.

Risks

• The concentration of ownership among a few related entities could potentially influence corporate control or strategic decisions, though the filing states the securities were not acquired for the purpose of changing control.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance.

Management Comments

• John T. Raymond disclaims beneficial ownership of the Common Stock held by EMG Fund V SVRE Holdings, LLC, except to the extent of his pecuniary interest therein.

Industry Context

StockSavvy.ai notes that this filing is a routine disclosure under the Securities Exchange Act of 1934, indicating a significant ownership stake by investment entities in USA Rare Earth, Inc., a company likely operating in the critical minerals or rare earth elements sector.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding a significant ownership block, which could be relevant for understanding potential influences on corporate strategy.
• Management: The disclosure confirms a substantial investment by EMG-related entities, which may align their interests with other shareholders.

Next Steps

• The reporting persons will continue to hold their beneficial ownership stake in USA Rare Earth, Inc.
• Future amendments to this Schedule 13G will be filed if there are any material changes in beneficial ownership.

Key Dates

Keywords

USA Rare Earth, Schedule 13G, beneficial ownership, EMG Fund V, SVRE Holdings, Energy & Minerals Group, common stock, CUSIP