USA Rare Earth’s Acquisition of Serra Verde Reshapes Brazil’s Role in the Global Rare Earths Market

Brasilia, April 21, 2026 (Prensa Latina) – The acquisition of Brazil’s Serra Verde mining company by U.S.-based USA Rare Earth has reconfigured Brazil’s role in the global rare earths market, according to a definitive agreement announced on April 20, 2026.

USA Rare Earth announced it will acquire 100% of Serra Verde Group, owner of the Pela Ema rare earth mine and processing plant in Goiás, Brazil, in a cash-and-stock deal valued at approximately $2.8 billion. The transaction includes $300 million in cash and 126.849 million shares of newly issued USA Rare Earth common stock, based on the company’s closing share price of $19.95 as of April 17, 2026.

The acquisition is expected to close in the third quarter of 2026, subject to customary closing conditions and regulatory approvals. Serra Verde is described as the only scaled producer of all four magnetic rare earth elements—neodymium, praseodymium, dysprosium, and terbium—outside Asia.

As part of the deal, Serra Verde is expected to deliver $550 million to $650 million in annualized run-rate EBITDA by the end of 2027. The combined company is projected to generate approximately $1.8 billion in EBITDA by 2030, with pro-forma liquidity of about $3.2 billion.

The agreement includes a 15-year, 100% offtake agreement with a special purpose vehicle capitalized by various U.S. Government parties, private capital sources, and specific price floors for neodymium, praseodymium, dysprosium, and terbium.

The transaction strengthens USA Rare Earth’s position as a global rare earth leader, integrating capabilities across mining, processing, separation, metallization, and magnet making. Barbara Humpton, Chief Executive Officer of USA Rare Earth, stated that the acquisition represents a transformational step in building a global champion in critical minerals.

Serra Verde’s leadership, including Chairman Sir Mick Davis and CEO Thras Moraitis, will join USA Rare Earth’s board, with Moraitis also becoming president of the combined company.

The deal underscores growing strategic interest in securing diversified supply chains for critical minerals outside traditional Asian producers, with broad support from multiple U.S. Government agencies and allies.