IMC Rare Earths Ltd is a Brazil-based mineral exploration and development company primarily engaged in the mining sector. The Company focuses on developing rare earth mining projects in Brazil, such as the Itarantim Project located in the states of Bahia and Minas Gerais. The projects are concentrated on the exploration, development, and long-term supply of certain rare earth elements (REEs). These rare earth elements include neodymium, praseodymium, dysprosium, and terbium, which are used in various technologies, including semiconductors, drones, military targeting systems, electric vehicles, wind turbines and other electronics, such as smart phones, computer hard drives, data center components, robotics, automation and data storage.