In the exploration phase, rare earth mineral company IMC Rare Earths (IMC.US) is sprinting towards the U.S. stock market with plans to raise $20 million in an initial public offering.

Wisdom Financial News App noted that IMC Rare Earths is an exploration stage rare earth mining company with projects in Brazil. The company has filed an application with the Securities and Exchange Commission (SEC) in the United States to raise up to $20 million through an initial public offering (IPO).