USA Rare Earth to Acquire Serra Verde for $2.8 Billion to Build Western Rare-Earth Supply

Overview

• USA Rare Earth said Monday it signed a definitive $2.8 billion deal to buy Brazil’s Serra Verde Group to link mining, processing, and magnet making.
• The transaction is a cash-and-stock purchase that CoinCentral reports includes $300 million in cash and about 126.8 million new shares, with closing targeted for the third quarter of 2026.
• A 15-year, 100% offtake with a special-purpose vehicle backed by U.S. government parties and private investors sets price floors for neodymium, praseodymium, dysprosium, and terbium.
• Serra Verde targets about 6,400 metric tons of rare-earth oxides per year by late 2027 and $550 million to $650 million in run-rate EBITDA, with the combined firm guiding to roughly $1.8 billion in 2030.
• Serra Verde leaders Sir Mick Davis and Thras Moraitis will join the board, with Moraitis set to become USA Rare Earth president, as the company seeks to cut Western reliance on Asian supply.