IMC Rare Earths Advances Itarantim Project with Hatch

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IMC Rare Earths Advances Brazil Project with Hatch and ANSTO

SAO PAULO, Brazil - IMC Rare Earths Ltd (NYSE American: IMC) is advancing the development of its Itarantim ionic adsorption clay rare earth project in Brazil. The company has partnered with Hatch and ANSTO to undertake comprehensive engineering and metallurgical programs, aiming to evaluate potential mining and recovery methods and produce rare earth material for customer evaluation.

Project Partnerships and Studies

Hatch Ltd is conducting a scoping study targeted for completion in the first quarter of 2027. The study will assess conventional shallow open-pit mining with vat or heap leaching alongside in-situ recovery. Meanwhile, the Australian Nuclear Science and Technology Organisation is performing laboratory-scale testing across project blocks to determine effective processing approaches for recovering critical heavy rare earth elements like dysprosium, terbium, and yttrium.

Additionally, ANSTO has been commissioned to produce approximately one kilogram of dry mixed rare earth carbonate from Block H material to support demonstration, marketing, and potential customer evaluations.

Key Highlights:

  • Hatch study targeted for Q1 2027 to identify preferred mining and recovery approach at Itarantim.
  • ANSTO evaluating vat leaching, heap leaching, and in-situ recovery across Blocks A, C, and H.
  • Block H program aiming to produce about one kilogram of mixed rare earth carbonate for customer evaluation.
  • Focus on recovering strategically important heavy rare earths including dysprosium, terbium, and yttrium.

About IMC Rare Earths Ltd

We are a mineral exploration and development company, and our main rare earth element (or “REE”) project is the Itarantim Project located in the States of Bahia and Minas Gerais, Brazil. Drilling on this ionic adsorbed clay (“IAC”) REE deposit has identified a mineral resource of 1.1 billion MT with an average grade of 1,233 ppm total rare earth oxides (“TREO”). We have no operating revenues and do not anticipate generating revenues for the foreseeable future. We were incorporated on September 19, 2025 in the Cayman Islands as IMC Rare Earths Ltd. We are developing rare earth mining projects in Brazil with a focus on exploration, development and long-term supply of certain REEs. We are seeking to establish one of the largest high-grade magnet rare earth element (or “MREE”) deposits outside of China and Myanmar, with the ability to supply to rare earth metal markets in the United States and Europe. Based on our exploration results to date, we believe we have the potential to integrate the Itarantim Project into an emerging U.S. rare earth supply chain by supplying our target markets’ growing demand for MREOs.

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