Brasilia, Aug. 25, 2026 (Lusa) – The US company USA Rare Earth has announced that, with the backing of the US Department of War, it has secured the capital required to acquire Serra Verde, the only rare-earth company currently operating in Brazil.
To finalise the acquisition, USA Rare Earth announced on Monday that the Department of War had committed to an investment of $750 million (€642.948 million at the current exchange rate), an increase of $250 million on the $500 million initially earmarked for the purchase of the mining company's production, which is based in the state of Goiás (central-west).
With this sum, USA Rare Earth stated, the raising of $1.55 billion (€1.32 billion) to acquire Serra Verde is now complete.
USA Rare Earth also stated that, to finance the operation, it will draw on a credit facility of up to $500 million (€428.6 million) provided by an institutional bank.
The US government has also signed a forward purchase agreement to acquire at least $300 million (€257 million) worth of rare earth products over five years, thereby strengthening the supply chain for these minerals to the United States.
USA Rare Earth announced in April a definitive agreement to acquire Serra Verde and stated that it expects to complete the transaction following the extraordinary general meeting of shareholders scheduled for 28 August, provided the remaining conditions are met.
USA Rare Earth forecasts that, by the end of 2027, the new mining company will be extracting around 6,400 metric tonnes of rare-earth oxides per year.
Rare earths are a group of 17 chemical elements found in abundance in various countries, used primarily in cutting-edge technology and essential for the energy transition.
According to Brazil's Ministry of Mines and Energy, the country has the world's second-largest reserves of rare earths, second only to China.
The US Government has been pressuring Brazil to align itself with Washington rather than with Beijing.
Brazilian President Lula da Silva has reiterated that Brasília does not take sides and has argued that the entire production chain for these minerals should be operated on Brazilian soil.
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