USA Rare Earth Acquires Serra Verde $2.8B

USA Rare Earth shares jumped 6% after signing a definitive $2.8 billion acquisition agreement for Serra Verde Group.
Deal includes $300 million cash and 126.849 million new USAR shares priced at $19.95, closing expected in Q3 2026.
Serra Verde’s Brazil mine, operational since 2024 with $1.1 billion capex, produces all four magnetic rare earths at scale.
Combined entity projected EBITDA $1.8 billion by 2030, $550‑$650 million by 2027, and pro‑forma liquidity $3.2 billion.