Morning Briefing: USA Rare Earth announces $2.8B acquisition, Q2 Metals files inuagral MRE
USA Rare Earth has signed a definitive agreement to acquire the Serra Verde Group for approximately $2.8 billion, a deal that includes 100% ownership of the Pela Ema rare earth mine in Brazil. Backed by U.S. government financing and offtake agreements, the combined company said it will generate approximately $1.8 billion in annual EBITDA by 2030 through a fully integrated supply chain.
Q2 Metals has announced its inaugural Inferred Mineral Resource Estimate for the Cisco Lithium Project in Quebec, totaling 295 million tonnes at an average grade of 1.36% Li2O. The company said that the…
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