REAVES W H & CO INC

Position in USAR — USA Rare Earth, Inc.

CIK 740913 JERSEY CITY, NJ

Position in USAR

as of Mar 31, 2026 · filed May 7, 2026 Compact

Position Value

$35,113,200

New position

Shares Held

2,320,000

first reported quarter

Ownership

1.04%

of shares outstanding

% of Portfolio

0.59%

of 13F equity value

Holder Rank

—

not a current holder

Holding Since

Mar 2026

1 quarter on record

Voting authority Sole 100% Shared 0% None 0%

Basic Materials · as of Mar 31, 2026

REAVES W H & CO INC holds $165,910,440 across 3 Other Industrial Metals & Mining names. USAR ranks #2 (21.2% of the industry book) .

#	Ticker	Company	Shares	Value (USD)
1	MP	MP Materials Corp. / DE	2,608,770	$125,899,240
2	USAR	USA Rare Earth, Inc. This page	2,320,000	$35,113,200
3	LAC	Lithium Americas Corp.	1,240,000	$4,898,000

1 filing row on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-03-31	$35,113,200	2,320,000	—	Shares	Sole	2026-05-07
No filing history on record for this holder in this stock.