IMC Rare Earths Reports Up to 95.2% Terbium Recovery at Brazil's Itarantim Project

Highlights

• Lab testing at Itarantim achieved terbium recoveries of 56.6%–95.2%, with the more meaningful average of 81.1% in the best-performing composite
• IMC successfully produced a mixed rare-earth carbonate (MREC), an early but significant step toward a potentially saleable intermediate product
• The 1.1-billion-tonne resource remains entirely Inferred, meaning economic viability has not been demonstrated
• Dysprosium averaged only 46.1% recovery, while neodymium reached 66.1% and praseodymium just 36.5% in the same composite
• Ownership is highly concentrated, with CEO Francesco Scolaro controlling approximately 68.1% of shares after the July 2026 IPO