US company Rare Earth acquires Serra Verde mining company for US$2.8 billion.

This Monday (20), the USA Rare Earth, based in Oklahoma (USA), announced the purchase of the Brazilian rare earth mining company Serra VerdeAccording to the report from the American company, the The investment will be US$2.8 billion., US$300 million in cash and 126.9 million in newly issued shares. A mine Pela Ema da Serra Verde it is located in Minaçu, Goiáswith strong presence of four magnetic grounding elements rareThe exploration area stands out as the only large-scale producer of these critical minerals outside of China and the Asian continent.Furthermore, the The Brazilian mine is specifically rich in heavy rare earth elements.like dysprosium and terbiumUnlike many other Western deposits, this one has not yet produced rare earth oxides. Production began in 2024, but it has not yet reached its full potential, which is expected to be 6,500 tons of rare earth oxides per year by 2027. Green Mountain currently belongs to groups ⁠from private equity Denham Capital, Energy and Minerals Group and Vision BlueIn recent days, the Brazilian company had also announced a 15-year agreement to supply 100% of its production to a company capitalized by the Brazilian government. United States and from private sources.

This text was translated by machine from Brazilian Portuguese.