Serra Verde Group and USA Rare Earth Combination

planned

Serra Verde Group is combining with USA Rare Earth, Inc. in a transaction valued at approximately US$2.8 billion to create a global leader in rare earth elements, oxides, metals, and magnets. Serra Verde is a large-scale producer of rare earth elements and the only large-scale producer outside Asia of all four critical magnetic REEs. The combination aims to establish the first mine-to-magnet rare earth supply chain outside Asia by integrating Serra Verde's mining and processing operations with USA Rare Earth's mining and downstream capabilities.