USA Rare Earth Announces $2.8 Billion Acquisition of Serra Verde, Driving Stock Higher
USA Rare Earth's stock surged 12.73% following the announcement of a $2.8 billion acquisition of Serra Verde, expanding its rare-earth and critical minerals operations. The deal includes $300 million in cash and $2.5 billion in stock. The company aims to achieve a 2030 EBITDA target of $1.8 billion.
Tickers: $USAR
Topics: acquisition market reaction mining rare earth stock performance