USA Rare Earth agrees to buy Serra Verde for about $2.8bn

The deal includes $300m in cash and 126.8 million new USA Rare Earth shares, valuing Serra Verde at about $2.8bn. Serra Verde runs Pela Ema in Goiás, Brazil, Latin America’s only producing rare earths mine.

Why it matters. Western buyers are paying up for rare earth supply outside China, often with state support.

Source

MINING.COM

In the course

Module 9: The M&A process