𧲠USA Rare Earth $USAR Gains Major Backing as BlackRock Takes 6.98% Stake
BlackRock $BLK.US acquired 15.56 million shares of USA Rare Earth during the second quarter, building a stake of approximately 6.98% in the rare-earth company. The position was valued at roughly $335.8 million based on the latest regulatory disclosure, making BlackRock a significant institutional shareholder. đ
The investment comes as USA Rare Earth advances its planned acquisition of Serra Verde in Brazil and expands its vertically integrated rare-earth supply chain. The company recently completed a $1.55 billion capitalization of a U.S. government-backed special-purpose vehicle supporting the Serra Verde offtake, including a $750 million investment from the U.S. Department of War. 𧲠The transaction is intended to strengthen U.S. access to critical rare-earth materials used in magnets, defense systems, electric vehicles and other advanced technologies.
BlackRock $BLK.US acquired 15.56 million shares of USA Rare Earth during the second quarter, building a stake of approximately 6.98% in the rare-earth company. The position was valued at roughly $335.8 million based on the latest regulatory disclosure, making BlackRock a significant institutional shareholder. đ
The investment comes as USA Rare Earth advances its planned acquisition of Serra Verde in Brazil and expands its vertically integrated rare-earth supply chain. The company recently completed a $1.55 billion capitalization of a U.S. government-backed special-purpose vehicle supporting the Serra Verde offtake, including a $750 million investment from the U.S. Department of War. 𧲠The transaction is intended to strengthen U.S. access to critical rare-earth materials used in magnets, defense systems, electric vehicles and other advanced technologies.
