USA Rare Earth to acquire Serra Verde for $2.8 billion; shares plunge

USA Rare Earth

20/04/2026 11:09

** Shares of  rare earth magnet company USA Rare Earth USAR.O down ~8% at $18.43 premarket

** Co to acquire Brazilian rare earths miner Serra Verde for $2.8 billion in cash and shares

** The U.S. 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

** As of last close, USAR up 67.6% YTD

(Reporting by Dharna Bafna in Bengaluru)

((dharna.bafna@thomsonreuters.com))