USA Rare Earth hires Goldman, BMO to explore going public -source, documents

Texas Mineral Resources

02/02/2021 22:10

By Ernest Scheyder
    Feb 2 (Reuters) - USA Rare Earth LLC has hired Goldman Sachs
Group Inc  GS.N  and BMO  BMO.TO  to explore going public via an
initial public offering (IPO) or a special purpose acquisition
company (SPAC), according to a source familiar with the matter
and documents seen by Reuters. 
    The move could value the company at more than $1 billion,
according to the source and documents, and comes as Wall Street
looks for more investing options across the rare earths
industry, which makes the building blocks for most electronics.

 (Reporting by Ernest Scheyder
Editing by Chris Reese)
 ((ernest.scheyder@thomsonreuters.com; Twitter: @ErnestScheyder;
+1-713-210-8512; Reuters Messaging:
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