Serra Verde is mostly the only rare earth miner in Brazil. Brazil has the second largest rare earth deposit on earth.
Serra Verde’s Pela Ema mine in Brazil. Credit: Serra Verde
USA Rare Earth (Nasdaq: USAR) plans to acquire Brazilian rare earths producer Serra Verde Group for a total value of about $2.8 billion, a move that could position the new company among the few Western producers of heavy rare earths outside China.
The agreement, announced Monday, includes $300 million in cash and 126.849 million newly issued USA Rare Earth shares at $19.95 apiece, implying an equity value of $2.8 billion for Serra Verde. The company operates the Pela Ema project in Goiás state, Latin America’s only producing rare earths mine.
https://www.reuters.com/business/usa-rare-earth-acquire-brazils-serra-verde-28-bln-2026-04-20/
Posted by sublingualwart
7 Comments
Big cash hit, I think after a quick hype pump it’ll come back to its senses. I tried to tell people with UAMY after the DoD deal that no other big cats were coming.
Pretty sure there are plenty of “rare earths” in the Atacama.
Also the share dilution, and as much as I love Brazil, I doubt the efficiency of their operation.
I heard there are many rare earths in Cuba
Just buy TMC y’all
Every step we take towards reducing reliance on China for rare earths and minerals is a W
Boy this market is something else. I saw USAR popping off today with a technical breakout. Figures there would be news.
Rip. Had puts on it headed into today. And ASTS calls. Gonna just peace out lol.