USA Rare Earth Closes SVRE Merger; $300M Cash Plus 126.8M Shares to Sellers

USA Rare Earth (USAR), MP Materials (MP), and Critical Metals (CRML) saw stock gains in pre-market trading after reports that some Chinese suppliers are refusing to ship rare earths to U.S. customers. The issue arises ahead of Chinese President Xi Jinping's visit, with rare-earth supplies expected to be discussed. China dominates the global rare-earth supply chain, and tensions may strengthen the case for domestic producers. USAR completed the acquisition of Serra Verde Group, while MP is expand

USA Rare Earth (USAR) completed its combination with Serra Verde Group, creating a fully integrated rare earth platform. Serra Verde, a heavy rare earth producer, will integrate with USAR's processing and magnet-making capabilities. The combined entity aims to meet global demand for rare earths, with Serra Verde's production expected to reach 4,000 tons per annum by year-end. Industry veterans Sir Mick Davis and Thras Moraitis join USAR's board.

USA Rare Earth (USAR) completed its merger with Brazilian rare earth producer Serra Verde Group. Serra Verde's facility, which began production in January 2024, aims to reach 4,000 tons of rare earth oxide production by the end of 2026. The merger expands USA Rare Earth's global operations, adding to its existing assets in the U.S., U.K., and France. Thras Moraitis, former CEO of Serra Verde, will become president of USA Rare Earth in October 2026.

USA Rare Earth, Inc. (USAR) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. Exhibit 99.1 USA Rare Earth Completes Combination with Serra Verde Group Combines Serra Verde’s world-class upstream heavy-rare earth operation with USA Rare Earth’s processing, metallization, and magnet-making capabilities Creates one of the only fully integrated rare earth and

USA Rare Earth (USAR) completed its combination with Serra Verde Group on September 3, 2026, creating an integrated rare earth and permanent magnet platform. Serra Verde operates a heavy-rare-earth mine in Brazil, with production expected to reach 4,000 tpa TREO by year-end and expand to 6,400 tpa. Industry veterans Thras Moraitis and Sir Mick Davis joined USA Rare Earth's leadership. The stock gained 5.14% post-announcement.

USA Rare Earth (USAR) has $1.53B in cash and $5.8M in Q2 revenue, aiming to lead in critical minerals. The U.S. government owns 10% with options for more. The company plans a $2.8B acquisition of Serra Verde, which may dilute shares but could drive growth. USAR's market cap is $4.4B.