en.Wedoany.com Reported - USA Rare Earth, Inc. announced on April 20 that it has entered into a definitive agreement to acquire 100% of the equity of Brazilian rare earth miner Serra Verde Group for a transaction value of $2.8 billion in cash and stock.

Under the agreement, USA Rare Earth will pay $300 million in cash and issue approximately 126.85 million new common shares. Based on USA Rare Earth's closing share price of $19.95 as of April 17, 2026, the transaction values Serra Verde at approximately $2.8 billion. The acquisition is expected to close in the third quarter of 2026, subject to customary closing conditions and regulatory approvals.

The Serra Verde project, located in the state of Goiás, Brazil, hosts the Pela Ema rare earth mine and processing plant. It is the only operation outside of Asia capable of producing all four magnetic rare earth elements (neodymium, praseodymium, dysprosium, and terbium) at scale. The mine commenced production in 2024 with a mine life of 25 years. The Phase I nameplate capacity is expected to be achieved by the end of 2027, targeting a total rare earth oxide production of approximately 6,400 tonnes per year.

The transaction includes a 15-year offtake agreement. A special purpose vehicle funded by both U.S. government agencies and private capital will offtake 100% of Serra Verde's Phase I production of neodymium, praseodymium, dysprosium, and terbium, with a minimum price guarantee established for these four elements.

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