US Trading Company Metals v. USA Rare Earth, LLC - Affirmation of Chancery Judgment

Delaware Court Opinions

Filed March 25th, 2026

Detected March 26th, 2026

Summary

The Delaware Supreme Court affirmed a judgment from the Court of Chancery concerning US Trading Company Metals, LLC. The court's decision was based on the reasoning provided in the Court of Chancery's prior opinions and orders.

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What changed

The Delaware Supreme Court has affirmed a prior judgment issued by the Court of Chancery in the case involving US Trading Company Metals, LLC, and USA Rare Earth, LLC. The affirmation is based on the detailed reasoning and findings previously established in the Court of Chancery's Memorandum Opinions and Orders dated October 20, 2023, December 8, 2023, April 22, 2024, and May 10, 2024.

This ruling represents the final decision in this specific appellate matter, confirming the lower court's judgment. For parties involved in this litigation, the affirmation signifies the conclusion of the appellate process, upholding the previous ruling. No new compliance obligations or deadlines are imposed by this judicial order; it pertains solely to the resolution of the legal dispute.

Source document (simplified)

IN THE SUPREME COURT OF THE STATE OF DELAWARE

Submitted: March 11, 2026 Decided: March 25, 2026 Before VALIHURA, LEGROW, and GRIFFITHS, Justices. O R D E R Now this 25 day of March 2026, the Court having considered this matter on th the briefs and oral arguments of the parties and the record below, and having concluded that the same should be affirmed on the basis of and for the reasons US TRADING COMPANY METALS § RE, LLC § No. 371, 2025 assigned by the Court of Chancery in its Memorandum Opinion dated October 20, § Plaintiff-Below, § Court Below—Court of 2023; its Order dated December 8, 2023; its Memorandum Opinion dated April 22, Appellant, § Chancery of the

§ State of Delaware, 2024; and its Order dated May 10, 2024. § USA RARE EARTH, LLC, § C.A. No. 2022-0665 MORZEV PTY LTD., § MORDECHAI GUTNICK ATF THE § MORZEV TRUST, MORDECHAI § GUTNICK, and PINI ALTHAUS, § § Defendants Below, § Appellee. §

NOW, THEREFORE, IT IS ORDERED that the judgment of the Court of Chancery is AFFIRMED. BY THE COURT: /s/ Karen L. Valihura Justice