American Rare Earths Lists on NYSE, Raises $63.3M for Heavy Rare Earth Projects

Published: May 12, 2026 14:40

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[SMM Rare Earth News Flash] American Rare Earths (REA) completed a traditional IPO outside China on May 6, listing on the NYSE American exchange at an offering price of $19 per share for approximately 3.33 million shares, raising approximately $63.3 million and achieving a market capitalization target of $368 million. The company focuses on heavy rare earth projects essential for national defense and permanent magnets, including the Shilo project in Georgia, US, and the Alfa project in Brazil.

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