NewsMeter

USA Rare Earth (USAR) pays $300 million cash for Serra Verde, takes on $325 million residual DFC debt ahead of 2027 commercial ramp

9/12/2026

$300 million in cash and approximately 126.8 million new common shares closed USA Rare Earth's (NASDAQ: USAR) acquisition of Serra Verde on September 3, adding Brazil's Pela Ema mine to a vertically integrated platform that now spans mining, metals processing, and magnet manufacturing.

The debt reconciliation: Serra Verde carried $425 million in principal under its U.S.

International Development Finance Corporation loan at June 30; a $100 million tranche was extinguished at closing after related warrants were exercised, leaving approximately $325 million outstanding.

After discounts and issuance costs, the pro forma combined balance sheet reported a $304.1 million carrying value.