Shares of USA Rare Earth, Inc. (USAR) gained over 15% on Monday morning after announcing a deal to acquire Serra Verde Group, valued at approximately $2.8 billion, combining cash and stock.
The stock is currently trading at $22.97, up $3.01 or 15.11%, on the Nasdaq. It opened at $21.44 after closing the previous session at $19.95. The stock has traded between $8.00 and $43.98 over the past 52 weeks.
The acquisition adds a key rare earth operation in Brazil, positioning the company as a major global supplier outside Asia.
Serra Verde is expected to generate $550 million to 650 million in annual EBITDA by 2027, strengthening long-term growth prospects.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.