Atlas Critical Minerals, a mining company focused on rare earths, titanium, and graphite projects in Brazil, raised $10 million by offering 1.2 million shares at $8, below the range of $9 to $11. The company had last amended its terms to offer 0.8 million shares to raise $8 million. Atlas had previously filed to raise the same amount by offering 1 million shares at a range of $7 to $9; adjusting for the reverse split, its previous IPO terms were 0.4 million shares at a range of $16.80 to $21.60. At pricing, the company commands a market cap of $40 million.
Atlas Critical Minerals is focused on developing critical mineral projects in Brazil. Its portfolio includes rare earth and titanium prospects in Goiás and Minas Gerais, graphite properties in Minas Gerais, copper and nickel rights in Goiás and Piauí, and uranium-bearing areas across six states in Brazil. The company also holds iron ore, gold, and quartzite assets, with iron ore operations targeted to resume at the end of 2025.
Because its market cap is less than $50 million, Atlas Critical Minerals will be excluded from RC’s 2026 IPO stats.
Atlas Critical Minerals plans to list on the Nasdaq under the symbol ATCX. A.G.P. and Bradesco BBI acted as joint bookrunners on the deal.
