Company paid US$2.8 billion to explore territory of rare earth mining company located in Brazil
The North American company’s shares rose 27.4% on the Nasdaq (New York) in the last 3 days after the announcement of the purchase of a rare earth mine located in Goiás for US$ 2.8 billion – R$ 14 billion in conversion. The shares rose from US$ 19.95 on Friday (April 17, 2026) to US$ 25.41 this Wednesday (April 22, 2026).
The announcement was made on . (April 20, 2026). Here is the company’s statement (PDF – 243 kB, in English).
USA Rare Earth bought the mining company, a private equity company that belonged to the private equity and EMG (), based in the US, and , from the UK. Although located in Brazil, it is controlled by foreigners. Outside of Asia, it is the only large-scale producer of critical heavy rare earths (HREEs), such as dysprosium and terbium, elements used in high-performance magnets and cutting-edge technologies.
According to USA Rare Earth, the agreement is definitive to acquire 100% of the Serra Verde Group. The payment will be US$300 million in transfers and 126.849 million newly issued common shares of USAR (USA Rare Earth). The value of the shares was US$ 19.95 on Friday (April 17, 2026), which totals US$ 2,530,638.
The acquisition is expected to close in Q3 2026 following customary regulatory approvals.
In the statement, the CEO of the North American company, Barbara Humpton, said that the purchase of Serra Verde is a “step transformer” to realize USA Rare Earth’s ambition to build a “global champion and preferred partner in rare earth elements, oxides, metals and magnets”.
According to the company, Serra Verde’s Pela Ema mine is a unique asset and the only producer outside of Asia capable of supplying at scale all 4 magnetic rare earth elements, along with other vital rare earth elements such as yttrium.
“Serra Verde’s global importance is proven by its 15-year supply agreement with a special purpose company capitalized by multiple US government entities, as well as private capital sources, for 100% of its Phase 1 production of Nd (neodymium), Pr (praseodymium), Dy (dysprosium) and Tb (terbium).”these.
The company’s goal is to create a fully integrated platform that will serve as “cornerstone of global rare earth supply security for decades to come”.
Serra Verde Group CEO Thras Moraitis said the Western rare earths sector is at a critical inflection point as governments and strategic industries “urgently seek reliable sources of essential rare earths”.
He stated that the Serra Verde Group has a 15-year track record in building a scalable and responsible source of vital materials that drive cutting-edge technologies.
“Joining forces with USA Rare Earth accelerates the realization of our shared vision: establishing a secure and diverse global rare earth supply chain”these.
