USA Rare Earth (USAR) has announced a nearly $3 billion acquisition of the Serra Verde Group, owner of the Pela Ema rare earths mine and processing plant in Brazil. The deal, comprising $2.5 billion in stock and $300 million in cash, aims to position the White House-backed company as a "global champion" in the sector. Supported by $565 million in U.S. government financing, the acquisition is a strategic response to Chinese dominance following the 2025 tariff wars. The mine has already secured a 15-year offtake agreement with U.S. agencies.
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Source · Fortune
