Rare Earths Americas IPO Targets $368 Million Valuation As China Supply Fears Pull Investors In
Rare Earths Americas began its U.S. IPO roadshow Tuesday, aiming for a valuation up to $368.4 million and planning to raise as much as $52.8 million by selling about 2.8 million shares at $17–$19 each. The exploration-stage miner, with projects in the U.S. and Brazil, will use proceeds to fund work at its Shiloh site and other projects. The company will list on NYSE American under the ticker “REA.”