Rare Earths Americas (REA.US), a rare earth mining company in the exploration stage, is sprinting towards the NYSE with plans to raise $75 million in its IPO.

Rare Earths Americas (REA.US) submitted files to the Securities and Exchange Commission (SEC) on Monday, planning to raise up to $75 million through an initial public offering (IPO). Rare Earths Americas is an exploration-stage rare earth mining company with projects in Brazil and the United States. Rare Earths Americas is a critical mining company in the exploration stage, with three key projects: the Shiloh Project in Georgia, and the Alpha Project and Constellation Project in Brazil. These projects focus on heavy rare earth elements, including neodymium, praseodymium, dysprosium, and terbium, which are primarily used in high-performance permanent magnets. The assets in Brazil are ion adsorption clay deposits, while the Shiloh Project is focused on monazite mineralization. The company has not generated any revenue yet, and is currently mainly engaged in exploration, resource assessment, and metallurgical testing. Based in Manchester, Georgia, the company was founded in 2021 and plans to list on the NYSE American under the ticker symbol REA. Cantor Fitzgerald, Stifel, B. Riley Securities, and Canaccord Genuity are the joint book-running managers for this transaction.