USA Rare Earth said on April 20 that it has agreed to acquire Brazil-based Serra Verde Group in a deal valued at approximately $2.8 billion, marking a significant move to expand production of rare earth elements outside Asia.
The Stillwater, Oklahoma-based company said it will purchase 100 percent of Serra Verde through a combination of $300 million in cash and 126.849 million shares of newly issued stock.
Based on USA Rare Earth’s closing share price of $19.95 on April 17, the transaction implies an equity value of about $2.8 billion for Serra Verde.
The deal is expected to close in the third quarter of 2026.
Barbara Humpton, chief executive officer of USA Rare Earth, described the acquisition as a step toward a global rare earth platform….