IMC Rare Earths Advances Deep Drilling and WSP-Led ISR Trials at Expanded Brazil Rare Earths Project
Earlier laboratory extraction results are not new Block D results or demonstrated field-scale recoveries.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
IMC Rare Earths (NYSE American: IMC) plans to begin deeper drilling at its Itarantim project in Brazil in mid-November across 29 locations. The Block D program will test beyond the existing 30-meter auger limit and extend approximately 5-10 meters into bedrock, subject to geology. WSP is leading the Block A in-situ recovery (ISR) trial, which tests recovery by injecting solution underground and extracting dissolved minerals through wells. Injection testing is expected in Q1 2027, and installation of 37 groundwater monitoring wells is underway.
The University of Brighton is testing 16 Block D samples for mineral characteristics and recovery using magnesium sulfate. IMC expects the programs to inform its 2027 next steps; a future resource assessment depends on drilling outcomes and resource estimation work. Nine auger teams and over 100 Brazilian workers support operations.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate point. Forward-looking: it has not happened yet and may not happen.29-location Block D drilling starts in mid-November, targeting beyond 30 meters and approximately 5-10 meters into bedrock.
- Moderate point. Forward-looking: it has not happened yet and may not happen.WSP-led Block A recovery trial has well installation progressing; injection testing is expected in Q1 2027.
- Minor point37 groundwater monitoring wells are being installed to strengthen baseline data and hydrogeological assessment.
- Minor point16 Block D samples are undergoing University of Brighton mineral characterization and magnesium sulfate recovery testing.
- Minor pointAD-00403 previously returned 13 meters at 1,287 ppm Y2O3 from 14 meters, ending in mineralization at 27 meters.
2 minor points
- Minor pointEarlier laboratory extraction reached 73% for tested rare earth elements excluding cerium, including 71.4% terbium and 70.5% dysprosium.
- Minor pointNine auger teams, over 100 Brazilian workers and four leased warehouses support expanded exploration operations.
Negative
- Moderate pointISR suitability remains under evaluation, depending on permeability, hydraulic control, solution recovery and groundwater protection.
- Minor point. Forward-looking: it has not happened yet and may not happen.Future 2027 resource assessment depends on drilling outcomes and appropriate resource estimation work.
- Minor pointEarlier laboratory recoveries are not new Block D results or demonstrated field-scale recoveries.
- Minor point. Forward-looking: it has not happened yet and may not happen.Planned bedrock penetration of approximately 5-10 meters remains subject to geological conditions.
News Explained
The company cites earlier laboratory extraction of
Key Figures
- Diamond drilling locations
- 29 locations
- Block D plateau program
- Planned bedrock extension
- 5-10 meters
- Beyond existing auger depth, subject to geology
- Existing auger depth limit
- 30 meters
- Mechanical auger drilling
- Injection testing target
- Q1 2027
- Block A ISR field program
- Groundwater monitoring wells
- 37 wells
- Installation underway across the project
- Samples under testing
- 16 samples
- Block D mineralogy and recovery testing
- Prior Block D intercept
- 13 meters at 1,287 ppm Y2O3
- Reported October 29; from 14 meters depth and ended in mineralization at 27 meters
- Prior laboratory extraction
- 73%
- Rare earth elements tested excluding cerium; earlier laboratory result, not a new field recovery
Historical Context
-
Block D intersected 13 meters at 1,287 ppm Y2O3 and ended mineralized at 27 meters.
-
Laboratory testing recovered 73% of rare earth elements tested, excluding cerium, using acidified magnesium sulfate.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
in-situ recovery (isr) technical
ionic adsorption clay technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
New drilling program will investigate the depth of rare earth mineralization, while field trials will evaluate potentially lower-cost recovery methods ahead of key 2027 milestones
Highlights:
- Diamond drilling at 29 Block D plateau locations to test beyond auger depth limits and extend approximately 5-10 meters into bedrock, subject to geology.
- Global engineering consultancy WSP is conducting and overseeing the Block A in-situ recovery (ISR) field program; injection testing targeted for Q1 2027, with 37 groundwater monitoring wells being installed across the project.
- University of
Brighton is testing 16 Block D samples to gain further insight into mineralogy, particle size and leaching performance. - Nine auger teams, over 100 Brazilian workers and four leased warehouses are supporting expanded operations.
- Community investment is underway in schools, nurseries, roads and drainage, alongside planned Christmas support for local families and childcare centers serving 483 children.
SÃO PAULO,
"Our deeper drilling program marks an important step toward understanding the full scale of the rare earth mineralization at Itarantim and its potential implications for a future resource estimate," said Frank Scolaro, CEO and Chair of IMC Rare Earths. "At the same time, WSP's leadership of our ISR field program brings world-class engineering expertise as we evaluate potentially lower-cost recovery methods for strategically important rare earths, including dysprosium, terbium and yttrium. These programs will help inform our next steps as we advance the project in 2027."
Diamond Drilling Targets Deeper Block D Plateau Potential
Diamond drilling is commencing in mid-November at 29 widely spaced Block D plateau locations, where the weathered rock and soil layer is interpreted to be thickest. The program is designed to investigate mineralization beyond the 30-meter depth limit of existing mechanical auger drilling and extend approximately 5-10 meters into bedrock, subject to geological conditions. Access work and drill pad construction are underway, with additional drilling planned.
As announced on October 29, 2026, hole AD-00403 returned 13 meters at 1,287 ppm Y2O3 from 14 meters depth and ended in mineralization at 27 meters. Diamond drilling will investigate its deeper continuation and the thickness, continuity and grade distribution of mineralization beneath the plateau, while providing additional material for density testing. Positive results could have a significant impact on the scale and grade profile of a future resource assessment in 2027, subject to drilling outcomes and appropriate resource estimation work.
WSP Leads Block A ISR Field Program and Groundwater Monitoring
WSP, one of the world's leading engineering, environmental and infrastructure consulting firms, was ranked first in Engineering News-Record's 2025 Top 225 International Design Firms. WSP is leading the planning and operation of IMC's small-scale in-situ recovery (ISR) field program at Block A. Well installation is progressing, with injection testing expected to begin in Q1 2027. The trial will assess how effectively rare earths can be recovered from mineralized material through the injection and recovery process.
A program to install 37 groundwater monitoring wells is underway across the project, combining new holes with converted auger holes to strengthen baseline data and hydrogeological assessment.
Unlike conventional mining, ISR involves injecting a solution underground to dissolve target minerals, which can then be recovered through wells for processing at the surface. Its suitability will depend on permeability, hydraulic control, solution recovery and groundwater protection. Successful ISR implementation could offer a pathway toward lower-cost development with a smaller environmental footprint compared to conventional mining methods, although suitability remains subject to ongoing field testing and technical evaluation.
University of Brighton Expands Block D Recovery Insights
The University of
IMC previously reported laboratory extraction of
Expanding Exploration Capacity and Local Operations
Nine auger teams are operating across the project, with over 100 Brazilian workers engaged. IMC has leased four warehouses in Itarantim, providing space for vehicles, equipment, administrative operations, sample preparation and storage, core logging and laboratory work.
Deepening Community Partnerships in Itarantim
IMC is coordinating Christmas support with local authorities and community partners. A local evangelical church has agreed to assist in distributing food parcels to families in need, while the Company plans to donate toys to children at three municipal childcare centers serving 483 children. The Company is currently improving local schools and nurseries and donating books, educational materials and equipment. IMC is also using its equipment to improve local roads and drainage, in coordination with local authorities.
"We recognize that we are guests in
About IMC Rare Earths Ltd
IMC Rare Earths Ltd is a mineral exploration and development company focused on the exploration, development and long-term supply of rare earth elements. Its principal project is the Itarantim Project, an ionic adsorption clay rare earth deposit in the states of Bahia and Minas Gerais, Brazil.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Alexandre Rocha da Rocha, MSc, a Qualified Person as defined in Subpart 1300 of Regulation S-K. Mr. da Rocha is a geologist with more than 40 years of mineral exploration experience in Brazil and internationally and is widely recognized as a pioneer of ionic adsorption clay rare earth exploration in Brazil. He played a central role in discoveries including the Rocha da Rocha Province in Bahia, Serra Verde's Pela Ema deposit in Goiás and Aclara's Carina Project in Goiás. He holds a BSc in Geology (1986) and an MSc in Geosciences (1999) from the Universidade Federal do Rio Grande do Norte and is a Tenured Professor of Geology at the Federal Institute of Education, Science and Technology of Rio Grande do Norte (IFRN). Mr. da Rocha is a consultant to IMC Rare Earths and is not independent of the Company.
Cautionary Note on Exploration and Metallurgical Results
The Block D results and laboratory extractions referenced above are previously reported results. Deeper drilling may improve geological understanding but does not establish an increase in mineral resource size or grade. Field recovery performance, environmental suitability and economic viability remain subject to testing, engineering and applicable approvals.
Forward-Looking Statements
Certain statements in this news release are forward-looking, including anticipated study and testwork outcomes, drilling, trial programs, sample production, schedules, development pathways and community activities, as applicable.
These statements reflect the Company's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. These include geological and metallurgical variability; permeability and groundwater conditions; differences between laboratory, field and commercial performance; sample availability and representativeness; assay and contractor turnaround times; third-party performance; product quality and customer requirements; access to funding, infrastructure, equipment and personnel; environmental and other permitting requirements; community relationships; operational and weather-related disruption; rare earth prices and demand; and the risks described in the Company's filings with the U.S. Securities and Exchange Commission. Study schedules and production targets are estimates and may change as work progresses. No assurance can be given that a preferred recovery route will prove technically or economically viable. The Company undertakes no obligation to update forward-looking statements except as required by law.
Investor Relations Contact
IMC Rare Earths Ltd
Investor Relations
View original content to download multimedia:https://www.prnewswire.com/news-releases/imc-rare-earths-advances-deep-drilling-and-wsp-led-isr-trials-at-expanded-brazil-rare-earths-project-302930024.html
SOURCE IMC Rare Earths
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When will IMC begin deeper drilling at Itarantim, and what will it test?
Diamond drilling is scheduled to begin in mid-November at 29 widely spaced Block D plateau locations. It will investigate mineralization beyond the existing 30-meter auger limit and extend approximately 5-10 meters into bedrock, subject to geological conditions.
When is IMC's WSP-led ISR injection testing expected to begin?
Injection testing at Block A is expected to begin in Q1 2027. WSP is leading planning and operation of the small-scale field program, which will assess rare earth recovery through underground injection and recovery wells.
What determines whether in-situ recovery is suitable for IMC's Itarantim project?
Suitability depends on permeability, hydraulic control, solution recovery and groundwater protection. Field testing and technical evaluation remain ongoing. IMC identifies successful implementation as a potential route to lower-cost development with a smaller environmental footprint than conventional mining.