Material Resource Acquisition, a blank check company targeting minerals and other materials, filed on Monday with the SEC to raise up to $200 million in an initial public offering.
The company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock, and one-third of one warrant to purchase a share, exercisable at $11.50.
Material Resource Acquisition is led by CEO, CFO, and Chairman Rick Bloom, the CEO and Director of WestMountain Gold and Managing Partner of Westridge Capital. The SPAC intends to target exploration, mining, processing, refining, producing, equipping, financing, and enabling-technology segments of the material supply chain.
The Lantana, FL-based company was founded in 2026. It plans to list on the Nasdaq under the symbol MTRLU. Material Resource Acquisition filed confidentially on June 10, 2026. Lucid Capital Markets is the sole bookrunner on the deal.
