Recent Updates — REA
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.
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.
Rare Earths Americas, Inc. issued a press release on June 15, 2026, regarding updated drilling and exploration results at its Shiloh Project. The filing incorporates the press release as Exhibit 99.1. Rare Earths Americas, Inc. is a mining company focused on rare earth element exploration.