USA Rare Earth Acquires Serra Verde Group in $2.8 Billion Deal
USA Rare Earth (USAR) shares surged 12.73% after announcing a $2.8 billion acquisition of Serra Verde Group, a Brazilian rare-earth mining and processing company. The deal aims to position USA Rare Earth as a major supplier of rare-earth elements outside China, which is critical for advanced technologies like electric vehicles and drones. The transaction is expected to close in Q3, pending regulatory approvals.
Tickers: $USAR
Topics: acquisition Brazil rare-earth elements Serra Verde Group supply chain diversification USA Rare Earth