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IMC Rare Earths begins trading on NYSE American

IMC Rare Earths has started trading on the NYSE American under the ticker IMC. The company is developing the Itarantim project in northeast Brazil (Bahia, Minas Gerais) with an inferred mineral resource of about 1.1 billion tonnes that contains dysprosium and terbium. According to CEO Frank Scolaro, the listing aims to promote a reliable supply of rare earths outside China; Roberts & Ryan was lead-left bookrunner, and the IPO was led by a service-disabled, veteran-owned broker-dealer. » More on de.investing.com