American Rare Earths (ARR) H2 2026 earnings summary

Executive summary

• Advanced Halleck Creek project with technical milestones, including pilot plant planning, feasibility-stage drilling, and environmental studies.

• Strengthened leadership and technical team, including new CEO and key executive appointments.

• Progressed Nasdaq listing preparations and enhanced alignment with U.S. capital markets.

• Focused on building a U.S. mine-to-magnet supply chain, including downstream partnerships.

Financial highlights

• Net loss for FY2026 was A$5.72 million, improved from A$6.47 million in FY2025.

• Cash balance at 30 June 2026 was A$18.55 million, up from A$9.35 million in 2025.

• Total assets increased to A$52.03 million (2025: A$31.33 million); liabilities rose to A$4.19 million (2025: A$1.22 million).

• Raised A$15 million via placement and A$7.92 million from option exercises.

• No dividends declared or paid.

Outlook and guidance

• Priorities include completing the Pre-Feasibility Study, advancing pilot plant and permitting, and progressing Nasdaq strategy.

• Targeting separated rare earth oxide production by Q2 2027, subject to technical milestones.

• Ongoing focus on technical de-risking, recovery optimisation, and downstream integration.