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Rare Earths Americas, Inc. completed the assignment of a mining lease for approximately 1,662.8 acres in Georgia…
REARare Earths Americas, Inc.
Rare Earths Americas, Inc. completed the assignment of a mining lease for approximately 1,662.8 acres in Georgia through its subsidiary Foothills Rare Earths, LLC. Southeast Metals LLC assigned all rights to the Weyerhaeuser Lease, and Rare Earths assumed obligations effective August 20, 2026. Consideration included $375,000 in cash and 165,153 shares of common stock valued at $2,000,000. The lease requires annual rentals of $75,000 starting in year four plus a 5% royalty on rare earth products. Rare Earths Americas, Inc. operates in the mining industry, focusing on the exploration and development of rare earth element deposits.