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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, a significant move to expand production of rare-earth elements outside Asia.
The 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, CEO of USA Rare Earth, which is based in Stillwater, Oklahoma, described the acquisition as a step toward a global rare earth platform….
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