USA Rare Earth Closes In on Brazil’s Serra Verde in US$2.8 Billion Deal
USA Rare Earth plans to acquire Brazilian miner Serra Verde in a deal worth about US$2.8 billion. The transaction, expected to close soon, could reshape Brazil rare earths supply. The post USA Rare Earth Closes In on Brazil’s Serra Verde in US$2.8 Billion Deal appeared first on The Rio Times .
A US$2.8 billion acquisition of Brazil's Serra Verde rare earths miner is nearing completion, according to reports on 24 August 2026. USA Rare Earth, a U.S.-listed company, is expected to finalize the deal within days after its shareholder meeting on 28 August 2026. The transaction, backed by US$1.55 billion in financing and US$250 million in additional U.S. government support, is seen as a significant development for Brazil's rare earths sector.
Serra Verde operates the Pela Ema mine in Goiás state, the sole commercial rare earths mine in Brazil, producing magnetic rare earths critical for clean energy technologies. The mine's ionic-clay processing method is environmentally advantageous and efficient. The acquisition aligns with U.S. efforts to secure non-Chinese sources of rare earths, with the U.S. Department of War providing backing through a special purpose vehicle.
Analysts view the deal as a landmark transaction for Brazil's rare earths industry, reflecting growing foreign investment in the country's critical minerals sector. The U.S. government's involvement underscores the geopolitical importance of Brazil's rare earths reserves, which rank second globally.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
