USA Rare Earth to Acquire Serra Verde in $2.8 Billion Deal, Expanding Global Rare Earth Supply Platform

USA Rare Earth, Inc. (NASDAQ: USAR) has entered a definitive agreement to acquire 100% of Serra Verde Group in a transaction valued at approximately $2.8 billion, consisting of $300 million in cash and 126.8 million shares of common stock. The acquisition adds the Pela Ema rare earth mine and processing facility in Brazil, which is currently the only large-scale producer outside Asia capable of supplying all four key magnetic rare earths. This positions the combined company as a fully integrated platform spanning mining through magnet production while strengthening supply chain security and supporting long-term growth.

The transaction is expected to close in the third quarter of 2026, subject to approvals. Through its ownership of Less Common Metals (LCM), one of the world's leading producers of rare earth metals and alloys, its development of magnet manufacturing capacity in Stillwater, Oklahoma, the Pela Ema mine in Brazil and the Round Top deposit in Texas, USA Rare Earth operates across the entire value chain from mining to metal-making, alloy production and neodymium magnet manufacturing. The company is building a fully integrated rare earth and permanent magnet value chain across the United States, United Kingdom, France and Brazil.

USA Rare Earth is establishing a secure, Western-aligned supply of materials essential to the aerospace and defense, semiconductor, energy, data center, physical AI, mobility, healthcare and industrial sectors. The acquisition significantly expands the company's global footprint and production capabilities at a time when demand for rare earth elements continues to grow across multiple high-tech industries. The Pela Ema facility's unique position as the only large-scale producer outside Asia capable of supplying all four key magnetic rare earths provides strategic advantages in an increasingly competitive global market.

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