Canaccord raised the firm’s price target on USA Rare Earth (USAR) to $32 from $29 and keeps a Buy rating on the shares. the firm noted the company’s latest strategic move was tectonic; utilizing a mix of mostly equity and some cash to acquire the Serra Verde Group. This grants them ownership of the Pela Ema facility in Brazil, notably the only scaled current producer outside of Asia delivering all four magnetic rare earth elements. This acquisition serves as a decisive catalyst, accelerating the path to positive EBITDA while securing additional oxide feedstock needed to scale their magnet-manufacturing operations.
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