X0202 SCHEDULE 13G 0002146945 XXXXXXXX LIVE Common Stock, par value $0.0001 per share 09/03/2026 0001970622 USA Rare Earth, Inc. 91733P107 100 W. Airport Road Stillwater OK 74075 Rule 13d-1(c) EMG Fund V SVRE Holdings, LLC DE 0.00 29223081.00 0.00 29223081.00 29223081.00 N 7.8 OO Limited Liability Company The Energy & Minerals Group Fund V, LP DE 0.00 29223081.00 0.00 29223081.00 29223081.00 N 7.8 PN EMG Fund V Offshore, LP DE 0.00 29223081.00 0.00 29223081.00 29223081.00 N 7.8 PN The Energy & Minerals Group Fund V Accordion, LP DE 0.00 29223081.00 0.00 29223081.00 29223081.00 N 7.8 PN EMG Fund V Accordion Offshore, LP DE 0.00 29223081.00 0.00 29223081.00 29223081.00 N 7.8 PN John T. Raymond X1 0.00 29223081.00 0.00 29223081.00 29223081.00 N 7.8 IN USA Rare Earth, Inc. 100 W. Airport Road, Stillwater, OK 74075 Each of the following is hereinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons." This statement is filed on behalf of: EMG Fund V SVRE Holdings, LLC The Energy & Minerals Group Fund V, LP EMG Fund V Offshore, LP The Energy & Minerals Group Fund V Accordion, LP EMG Fund V Accordion Offshore, LP John T. Raymond The principal business address of each of the Reporting Persons is 2229 San Felipe St., Suite 1300 Houston, Texas 77019. Mr. Raymond is a citizen of the United States. Each of the remaining Reporting Persons are organized under the laws of Delaware. Y The information contained on the cover pages to this Schedule 13G is incorporated by reference into this Item 4. The ownership information presented below represents beneficial ownership of Common Stock of the Issuer as of the date of this filing, based upon 375,076,567 shares of Common Stock outstanding as of September 3, 2026, as disclosed in the Issuer's Registration Statement on Form S-3 filed with the Securities and Exchange Commission on September 4, 2026. The Common Stock reported herein is held directly by EMG Fund V SVRE Holdings, LLC. 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 own, directly, or indirectly, 100% of the membership interests in EMG Fund V SVRE Holdings, LLC. John T. Raymond, the 100% owner of the general partner of the general partner of each of 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, has sole voting and dispositive power with respect to the Common Stock held by EMG Fund V SVRE Holdings, LLC. Mr. 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. See the information contained on the cover pages to this Schedule 13G. See the information contained on the cover pages to this Schedule 13G. See the information contained on the cover pages to this Schedule 13G. See the information contained on the cover pages to this Schedule 13G. See the information contained on the cover pages to this Schedule 13G. Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. Exhibit 99: Joint Filing Agreement EMG Fund V SVRE Holdings, LLC /s/ Laura Tyson 09/11/2026 The Energy & Minerals Group Fund V, LP By: EMG Fund V GP, LP, its general partner, By: EMG Fund V, LLC, its general partner, /s/ Laura Tyson 09/11/2026 EMG Fund V Offshore, LP By: EMG Fund V GP, LP, its general partner, By: EMG Fund V, LLC, its general partner, /s/ Laura Tyson 09/11/2026 The Energy & Minerals Group Fund V Accordion, LP By: EMG Fund V GP, LP, its general partner, By: EMG Fund V, LLC, its general partner, /s/ Laura Tyson 09/11/2026 EMG Fund V Accordion Offshore, LP By: EMG Fund V GP, LP, its general partner, By: EMG Fund V, LLC, its general partner, /s/ Laura Tyson 09/11/2026 John T. Raymond /s/ John T. Raymond 09/11/2026