Phoenix Tailings, an American metal refining company, plans to seek an initial public offering within three years after building a plant to produce rare earth elements needed for automobiles, medical equipment, and military equipment. “This is our ambitious goal,” Nick Myers, the company's CEO, said Monday. “It's an ambitious goal, but I love waking up every day to do something positive.”

Phoenix Tailings, an American metal refining company, plans to seek an initial public offering within three years after building a plant to produce rare earth elements needed for automobiles, medical equipment, and military equipment. “This is our ambitious goal,” Nick Myers, the company's CEO, said Monday. “It's an ambitious goal, but I love waking up every day to do something positive.”