USA Rare Earth Completes Merger with SVRE Holdings for $300M and 126.8M Shares

USA Rare Earth, Inc. (USAR) has completed its previously announced merger with SVRE Holdings Ltd. (SVRE), effective September 3, 2026. As a result of the transaction, SVRE has merged with a USAR subsidiary, which will continue as an indirect, wholly owned subsidiary of USAR. The deal also includes significant board and management appointments.

Key Details

• Merger Consideration: The aggregate consideration consisted of $300 million in cash and 126,849,307 shares of USAR common stock, paid to SVRE shareholders and other specified recipients.
• Financing Assumption: In connection with the merger, a USAR subsidiary assumed SVRE's obligations under a finance agreement with the U.S. International Development Finance Corporation (DFC) for a loan facility of up to $565 million.
• Board & Management Changes: Thrasyvoulos Moraitis and Sir Michael Lawrence Davis have been appointed to the USAR Board of Directors. Mr. Moraitis will also assume the role of Chief Executive Officer of USAR, effective October 1, 2026.