During the exploration phase, rare earth mineral company IMC Rare Earths (IMC.US) is aiming to debut on the US stock market and raise $20 million through an initial public offering (IPO).

Notice that IMC Rare Earths is an exploration-stage rare earth mining company with projects in Brazil. The company has filed an application with the U.S. Securities and Exchange Commission (SEC) to raise up to $20 million through an IPO. The company plans to raise $20 million by offering 4 to 6 million shares at a price range of $4 to $6 per share. At the midpoint of the proposed price range, IMC Rare Earths' market value will be approximately $620 million. In addition, an additional 6.1 million shares held by existing shareholders are being registered under a resale prospectus. IMC Rare Earths Ltd is a mineral exploration and development company with no revenue yet, focusing on rare earth elements in Brazil. Its core asset is the Itarantim project, a ion-absorption type clay deposit spanning the states of Bahia and Minas Gerais, with an estimated mineral resource of about 1.1 billion tons. The company's focus is on magnet rare earth elements, mainly neodymium, praseodymium, dysprosium, and terbium, which are key input materials for permanent magnets used in electric vehicles, wind turbines, defense systems, and consumer electronics. IMC's long-term goal is to establish a vertically integrated rare earth supply chain in Brazil covering mining, separation, and oxide production, targeting Western markets as an alternative to Chinese supply. The company, headquartered in So Paulo, Brazil, was founded in 2025 and plans to list on the NYSE American under the ticker symbol IMC. IMC Rare Earths previously submitted a confidential listing application on February 24, 2026. Roberts & Ryan and Revere Securities are the joint book-runners for this transaction.