Recent Updates — IMC

IMC Rare Earths announced a new shallow, high-grade, terbium-rich ionic clay discovery at Block H of its Itarantim project in Brazil. Hole AD-00555 intersected a continuous seven-meter interval beginning two meters below surface, grading 5,695 ppm TREO and 38 ppm Tb4O7, including three meters at 7,841 ppm TREO and 52 ppm Tb4O7. Initial leach testing recovered 64% to 83% of terbium from the upper zone. The discovery lies outside the company's existing 1.1 billion tonne Mineral Resource, offering potential for future resource growth. Management plans infill drilling at Block H and diamond drilling at Block D to define continuity and test deeper extensions. IMC Rare Earths is a mineral exploration and development company focused on rare earth elements.

IMC Rare Earths Ltd closed its initial public offering on July 30, 2026, issuing 4,000,000 ordinary shares at a price of $5.00 per share to raise gross proceeds of $20,000,000. The company granted underwriters a 45-day option to purchase up to an additional 600,000 shares to cover over-allotments. Shares began trading on the NYSE American LLC under the ticker symbol “IMC” on July 29, 2026. Proceeds will be used for working capital and general corporate purposes, including exploration and development activities. The company operates in the mineral exploration and development industry, focusing on rare earth elements.