USA Rare Earth, a Trump administration–backed miner and manufacturer, is expanding into a larger global player through a nearly $3 billion acquisition of the Serra Verde Group, owner of Brazil’s Pela Ema rare earths mine and processing plant.
The April 20 deal—for more than $2.5 billion in stock and $300 million in cash—helps turn USA Rare Earth (USAR) from an American mining and magnet manufacturing startup with little revenue to count thus far, into a key rare earths player with even bigger ambitions.
