USA Rare Earth Acquires Brazilian Rare Earth Miner for $2.8 Billion
USA Rare Earth (USAR) announced the acquisition of Serra Verde Group for $2.8 billion, driving its stock up 13.18% to $22.58. The deal includes $300 million in cash and 126.8 million USAR shares, with the acquisition expected to close in Q3 2026. The move aims to strengthen USAR's position in the global rare earth supply chain.
Tickers: $USAR
Topics: acquisition Brazil rare earth minerals stock price movement USA Rare Earth