Serra Verde Rare Earths Mine Acquisition and Expansion

awarded

USA Rare Earth will acquire Brazil's Serra Verde Group for about US$2.8 billion in cash and shares, securing the Pela Ema ionic clay rare earths mine in Goiás, Latin America's only producing rare earths operation and a key source of heavy Dy, Tb and Y. The stage one plant is designed for 6,400 t/y TREO nameplate capacity with a planned stage two expansion, targeting over 50% of heavy rare earth output outside China by 2027. The mine life is estimated at 25 years with targeted EBITDA of US$550–650 million by end-2027. The deal includes a 15-year offtake agreement to a US-backed special purpose entity and links Brazilian feedstock with USA Rare Earth's planned magnet plant in Stillwater, Oklahoma and its Round Top project in Texas.