Drill and Deal

Deals / USA Rare Earth – Serra Verde

Rare earths · announced 20 April 2026 · completed

USA Rare Earth – Serra Verde

A US buyer secured rare earth supply outside China with a state-backed offtake; it completed in September 2026.

Acquirer
USA Rare Earth
Target
Serra Verde
Announced
Metal
Rare earths
Announced value
about $2.8bn
Structure
Cash and shares
Status
Completed