USA Rare Earth Announces Acquisition of Serra Verde Group for $2.8 Billion

Summary

USA Rare Earth, Inc. has entered into a definitive Agreement and Plan of Merger to acquire Serra Verde Group, a large-scale producer of rare earth elements outside Asia, for approximately $2.8 billion in cash and stock. The acquisition is expected to close in the third quarter of 2026, subject to customary closing conditions and regulatory approvals. Thrasyvoulos Moraitis, CEO of Serra Verde, will assume the role of President of USA Rare Earth upon closing. The transaction is expected to significantly enhance USA Rare Earth's position in the rare earth market and create a leading global rare earth platform.