SAGA Metals Acquires Catalyst Rare Metals and the Wolverine Heavy Rare Earth Project
April 14, 2026
SAGA Metals entered into a share purchase agreement to acquire 100% of Catalyst Rare Metals Ltd., which holds the Wolverine heavy rare earth element project in central Labrador, Canada. The deal is structured as an initial payment in SAGA shares plus cash, with additional milestone payments tied to NI 43-101 resource and economic study outcomes. The acquisition was later reported as closed following the April 13, 2026 SPA.
- Buyers
- SAGA Metals Corp.
- Targets
- Catalyst Rare Metals Ltd., Wolverine rare earth element project (Wolverine REE Project)
- Sellers
- Catalyst Rare Metals Ltd. (and each of its shareholders, collectively the “Vendors”)
- Industry
- Data & Analytics
- Location
- Labrador, Canada
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Lynas Rare Earths to Acquire Meteoric Resources in A$968M All-Share Deal
October 2, 2026
Industrial Services
Lynas Rare Earths has agreed to acquire Meteoric Resources in an all-share transaction valued at approximately A$968 million. The deal will be completed via a scheme of arrangement, with Lynas acquiring 100% of Meteoric’s fully paid ordinary shares and gaining control of the Caldeira rare earth project in Brazil.
-
USA Rare Earth and InfraVia Acquire Minority Stakes in Carester to Strengthen European Rare-Earth Processing
July 23, 2026
Energy
USA Rare Earth entered into definitive agreements to acquire a strategic minority stake (~13.6%) in French rare earth processor Carester, while InfraVia Capital Partners (through its Critical Metals Fund) will acquire a similar stake. The investment strengthens the Lacq, France rare-earth ecosystem, including Carester’s Caremag heavy rare-earth separation and magnet recycling facility, and enables USA Rare Earth/LCM Europe to purchase a portion of Carester’s rare earth oxide output.
-
Greenland Mines Signs Definitive Agreement to Acquire Neo North Star Resources' Sarfartoq Rare Earth Project
May 21, 2026
Energy
Greenland Mines Ltd has entered into an agreement to acquire Neo North Star Resources, Inc., the owner of the Sarfartoq Nd-Pr rare earth project in southwest Greenland. The deal will be structured as a merger for total consideration of US$35 million (US$20 million cash and US$15 million in newly issued Greenland Mines shares), with Neo Performance Materials retaining offtake rights for up to 60% of future Sarfartoq production.
-
Critical Metals to Acquire European Lithium
April 28, 2026
Energy
Critical Metals proposed an all-share acquisition of European Lithium, initially announcing a letter of intent on April 27 and subsequently reporting a definitive agreement on May 18, 2026. The proposed deal would consolidate European Lithium’s 7.5% interest in the Tanbreez Rare Earth Project and add its cash and marketable securities to Critical Metals’ balance sheet; the available sources do not report that the transaction has closed.
-
USA Rare Earth Acquires Serra Verde Group for ~$2.8 Billion
April 20, 2026
Industrial Services
USA Rare Earth has entered into a definitive agreement to acquire 100% of Serra Verde Group, owner of the Pela Ema rare earth mine and processing plant in Goiás, Brazil, for approximately $2.8 billion. The transaction consists of $300 million in cash and 126.849 million shares of newly issued USA Rare Earth common stock, and is expected to close in Q3 2026 subject to regulatory approvals and customary closing conditions.
-
Defense Metals Corp. Acquires Spectrum Mining Corporation (Wicheeda REE Project)
January 14, 2022
Energy
Defense Metals Corp. completed its acquisition of Spectrum Mining Corporation, gaining 100% ownership of the Wicheeda Rare Earth Element (REE) Property in British Columbia by fulfilling an existing option agreement. Consideration included issuance of 78,115,549 common shares of Defense Metals and $100,000 cash; the Wicheeda property remains subject to a 2.0% NSR (with Defense Metals having the right to buy 1.0% for $1,000,000). The deal consolidates Defense Metals’ ownership of a strategically significant North American REE asset and supports advancement of project development following a positive PEA.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.