- White House-backed USA Rare Earth makes $3 billion acquisition into South America to combat Chinese dominance Fortune —
- USA Rare Earth buys Brazil's Serra Verde for $2.8 billion, extending takeover spree - Reuters Reuters —
- USAR Just Made a $2.8 Billion Deal to Bolster Its Rare Earths Supply Chain Barrons —
- USA Rare Earth Stock Is Rising. A $2.8 Billion Deal for a Brazilian Mine Helps Secure Its Supply Chain. Barrons —
- USA Rare Earth to buy Brazil's Serra Verde for $2.8 billion to build supply outside Asia CNBC —
- USA Rare Earth to Acquire Serra Verde in $2.8 Billion Deal Wall Street Journal —
- Washington-backed rare earth group to buy Brazilian miner for $2.8bn Financial Times —
- USA Rare Earth to buy Brazil's Serra Verde in ~$2.8B cash and stock deal Seeking Alpha —
USA Rare Earth Buys Serra Verde
The mine-to-magnets deal strengthens the company's position in the production of rare earth elements essential for electric vehicles and defense technology.
Serra Verde operates one of the few large-scale ionic clay deposits outside of China, offering a more sustainable and cost-effective extraction process.
The transaction is backed by the White House as part of a broader effort to secure national security interests in the energy sector.
USA Rare Earth plans to integrate the Brazilian assets into its existing processing facilities in the US and Europe.