IMC Rare Earths Ltd Announces Pricing of Initial Public Offering

Rhea-AI Summary

IMC Rare Earths (NYSE American: IMC) priced its initial public offering of 4,000,000 ordinary shares at $5.00 per share, for expected gross proceeds of $20 million before expenses. Underwriters have a 45-day option to buy up to 600,000 additional shares. Trading is expected to begin on July 29, 2026, with closing anticipated on or about July 30, 2026, subject to customary conditions.

Positive

• $20,000,000 gross proceeds expected from IPO before expenses
• Firm commitment underwriting with 4,000,000 shares at $5.00 each
• 45-day over-allotment option for up to 600,000 additional shares
• Listing approved on NYSE American under ticker IMC

Negative

• None.

News Explained

The IPO is priced and its registration statement is effective, but it has not yet closed; if customary conditions are met, IMC would issue $20 million of ordinary shares before expenses, increasing the share count and reducing existing holders’ percentage ownership.

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SÃO PAULO, Brazil, July 28, 2026 (GLOBE NEWSWIRE) -- IMC Rare Earths Ltd (“IMC” or the “Company”), a company focused on the mineral exploration and development of magnet rare earth elements in Brazil, announced the pricing of its initial public offering (the “Offering”) of 4,000,000 ordinary shares at a public offering price of $5.00 per ordinary share, resulting in gross proceeds of $20,000,000, before deducting underwriting discounts, commissions, and other related expenses.

The Company has granted the underwriters a 45-day option to purchase up to an additional 600,000 ordinary shares at the initial public offering price, less underwriting discounts to cover over-allotments, if any. The ordinary shares have been approved for listing on NYSE American LLC and are expected to commence trading on July 29, 2026, under the ticker symbol “IMC.” The Offering is expected to close on or about July 30, 2026, subject to the satisfaction of customary closing conditions.

The Offering is being conducted on a firm commitment basis. Roberts & Ryan, Inc. is acting as the representative of the underwriters, and Revere Securities LLC is acting as co-underwriter for the Offering.

A registration statement on Form F-1 relating to the Offering (File No. 333-297175), as amended, was filed with the Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on July 28, 2026. Before you invest, you should read the registration statement and the preliminary prospectus contained therein and the final prospectus, when available, and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The Offering is being made only by means of a prospectus, forming a part of the registration statement. A final prospectus relating to the Offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Electronic copies of the final prospectus, when available, may be obtained from Roberts & Ryan, Inc., 39 Broadway, Suite 610, New York, NY 10006, Attention Ed Reid, Email: ereid@roberts-ryan.com.

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 certain rare earth elements. Its principal project is the Itarantim Project, an ionic adsorption clay rare earth deposit located in the States of Bahia and Minas Gerais, Brazil.

IMC is a Cayman Islands exempted company with its global headquarters and principal executive office in São Paulo, Brazil.

About Roberts & Ryan, Inc.

Roberts & Ryan, Inc. provides execution services across capital markets, equities, and fixed-income products and maintains an active trading presence on the floor of the New York Stock Exchange (NYSE).

Founded in 1987 by a United States Marine Corps Vietnam combat veteran and Purple Heart recipient, the firm is America's first Service-Disabled Veteran-Owned (SDVO) broker-dealer.

Roberts & Ryan has committed more than $2.5 million to organizations that support veterans and their families, with a focus on wellness, mental health, and career transition programs.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements, including, but not limited to, statements regarding the Company’s proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events. Investors can identify these forward-looking statements by words or phrases such as “believes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

Investor Relations Contact
IMC Rare Earths Ltd
Contact: info@imcrareearths.com

FAQ

What are the terms of the IMC (NYSE American: IMC) initial public offering announced July 28, 2026?

IMC priced its IPO at $5.00 per ordinary share for 4,000,000 shares, targeting $20 million in gross proceeds. According to IMC, this is before underwriting discounts, commissions, and related expenses, and the deal is structured as a firm commitment offering.

When will IMC Rare Earths (IMC) start trading on NYSE American after its IPO?

IMC shares are expected to begin trading on July 29, 2026 on NYSE American under ticker IMC. According to IMC, the offering is expected to close on or about July 30, 2026, subject to customary closing conditions being satisfied.

How many IMC Rare Earths (IMC) shares are offered and is there an over-allotment option?

IMC is offering 4,000,000 ordinary shares in its IPO. According to IMC, underwriters also have a 45-day option to purchase up to an additional 600,000 shares at the IPO price, less underwriting discounts, to cover any over-allotments.

What will IMC Rare Earths’ gross proceeds be from its July 2026 IPO?

IMC expects $20,000,000 in gross proceeds from its initial public offering. According to IMC, this is calculated as 4,000,000 shares at $5.00 each, before deducting underwriting discounts, commissions, and other offering-related expenses incurred by the company.

Where can investors find the IMC (IMC) IPO prospectus and registration details?

The IMC IPO is registered on Form F-1 (File No. 333-297175), declared effective July 28, 2026. According to IMC, the final prospectus will be filed with the SEC and available at www.sec.gov, with electronic copies also obtainable from Roberts & Ryan.

What business does IMC Rare Earths (IMC) operate and where is its main project located?

IMC is a mineral exploration and development company focused on magnet rare earth elements. According to IMC, its principal asset is the Itarantim Project, an ionic adsorption clay rare earth deposit in Bahia and Minas Gerais, Brazil, with headquarters in São Paulo.