USA Rare Earth to Acquire Serra Verde for c.$2.8B

USA Rare Earth, Inc. has entered into a definitive agreement to acquire 100% of Serra Verde Group, owner of the Pela Ema rare earth mine and processing plant in Goiás, Brazil. The transaction consideration is $300 million in cash plus 126.849 million shares of newly issued USA Rare Earth common stock, implying an equity value of c.$2.8 billion based on USAR’s April 17, 2026 closing price of $19.95.

The acquisition is expected to close in Q3 2026, subject to customary conditions and regulatory approvals. Serra Verde is described as the only scaled producer outside Asia capable of supplying all four magnetic rare earth elements, and it is supported by a 15-year 100% offtake agreement for Phase 1 Nd, Pr, Dy and Tb production.