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SEDA Approves MOU with USA Rare Earth Magnets

City of Stillwater logoCity of Stillwater
Approved
Oct 19, 2026

The 30-second brief

What it covers

SEDA approved a Memorandum of Understanding with USA Rare Earth Magnets, LLC to coordinate electric-system improvements for the redeveloper’s updated project. The MOU supports negotiations on utility arrangements and economic development amendments, with the redeveloper responsible for attributable costs.

Who holds it

USA Rare Earth Magnets LLC holds this contract with City of Stillwater.

What happens next

Term as filed: Effective September 28, 2026; remains in effect until definitive arrangements are completed or terminated by written agreement.

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Contract details

Document date
October 19, 2026
Term
Effective September 28, 2026; remains in effect until definitive arrangements are completed or terminated by written agreement
Vendor
USA Rare Earth Magnets LLC
Agency
City of Stillwater
Source document
Stillwater Economic Development Authority AgendaPacket Stillwater Economic Development Authority Meeting Agenda 2026-10-19 (AgendaPacket)

USA Rare Earth Magnets LLC's other public contracts

City of Stillwater, OklahomaUSA Rare Earth Redevelopment Agreement Under Amendment Review · Oct 19, 2026UndisclosedCity of Stillwater, OklahomaUSA Rare Earth Covenant Agreement Reviewed by Stillwater · Oct 19, 2026UndisclosedCity of Stillwater, OklahomaUSA Rare Earth Redevelopment Agreement Under Review · Oct 19, 2026UndisclosedCity of Stillwater, OklahomaStillwater MOU Advances USA Rare Earth Electric Improvements · Oct 19, 2026UndisclosedCity of Stillwater, OklahomaUtilities Authority MOU Coordinates USA Rare Earth Improvements · Oct 19, 2026UndisclosedAll USA Rare Earth Magnets LLC contractsVendor profile

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Questions about this contract

Who was awarded the government contract by City of Stillwater?

USA Rare Earth Magnets LLC was awarded this government contract by City of Stillwater, as recorded on October 19, 2026.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Stillwater Economic Development Authority AgendaPacket Stillwater Economic Development Authority Meeting Agenda 2026-10-19 (AgendaPacket), dated October 19, 2026 from City of Stillwater. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does USA Rare Earth Magnets LLC hold?

USA Rare Earth Magnets LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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