Rare Earths Americas targets 368 million dollar US IPO
Rare Earths Americas is seeking a valuation of up to 368.4 million dollars in its U.S. initial public offering. The company plans to raise 52.8 million dollars.
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Rare Earths Americas filed for a United States IPO on Tuesday, seeking a $368.4 million valuation. The exploration-stage company plans to sell 2.78 million shares priced between $17 and $19 to raise $52.8 million. Investors are backing new supply chains to reduce Western reliance on China for minerals used in EVs and defense.
