USA Rare Earth Announces Merger with SVRE Holdings

Summary

USA Rare Earth, Inc. (USAR) has announced a definitive Agreement and Plan of Merger with SVRE Holdings Ltd. (SVRE). The merger, which is expected to close on June 5, 2026, will see SVRE merge with and into a subsidiary of USAR. USAR will issue 126,849,307 shares of its common stock and pay $300 million in cash as part of the merger consideration. The transaction is expected to enhance USAR's rare earth resources and production capabilities. Pro forma financial statements reflecting the combined entity's financial position and results of operations are included in the filing.