Mergers & Acquisitions ·
Rare Earths Americas, Inc. announced that its subsidiary Foothills Rare Earths LLC exercised an exclusive option to…
REARare Earths Americas, Inc.
Rare Earths Americas, Inc. announced that its subsidiary Foothills Rare Earths LLC exercised an exclusive option to acquire the Weyerhaeuser Mining Lease from Southeast Metals LLC. The transaction consideration consists of $375,000 in cash and $2,000,000 in common stock issued via private placement. This agreement modifies a prior 2020 Option and Project Evaluation Agreement. The closing is subject to customary conditions, including approvals from Weyerhaeuser Company. Rare Earths Americas, Inc. operates in the mining industry, focusing on rare earth elements.