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USA Rare Earth to acquire Brazilian rare earths miner Serra Verde for $2.8bn

Serra Verde mine, in Brazil

Serra Verde mine, in Brazil

20th April 2026

By: Reuters

  

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LONDON - USA Rare Earth will acquire Brazilian rare earths miner Serra Verde for $2.8-billion in cash and shares, the two companies said on Monday.

The US company will pay $300-million in cash and 126.9-million newly issued shares of its stock for the transaction, which is expected to close in the third quarter of 2026, a statement said.

The Serra Verde project in Minaçu, Brazil, produces neodymium, praseodymium, dysprosium and terbium, which are essential for electric vehicle motors and wind turbines.

As a key, sustainable ionic clay deposit outside Asia, it began production in 2024 with a 25-year mine life and aims to reach 6 500 t/y of oxide production by 2027. 

Edited by Reuters

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