American Rare Earths (ARR) Q4 2026 TU earnings summary

Executive summary

• Advanced feasibility studies and pilot plant development at Halleck Creek, including commencement of final feasibility study drilling and long-term planning across the district.

• Progressed accelerated pilot plant pathway to pre-production rare earth oxide, supporting U.S. domestic supply chain strategy.

• Strengthened leadership with key appointments, including a proposed non-executive director and new executive roles to enhance project delivery and U.S. market readiness.

• Advanced preparations for a planned NASDAQ listing, including PCAOB audit work and conversion of resource reporting to SEC S-K 1300 standards.

Financial highlights

• Cash position of A$18.5 million at 30 June 2026.

• Raised approximately A$1.64 million via exercise of unlisted options.

• Net cash expenditure for the quarter: A$1.0 million for operating costs and A$7.0 million for project development (net of Wyoming Energy Authority grant).

• Estimated 2.33 quarters of funding available based on current cash and outgoings.

Outlook and guidance

• Priorities for the remainder of 2026 include completing the 2026 drilling program, advancing final feasibility study activities, progressing the pilot plant program, and completing the Whole of Property Assessment.

• Continued focus on NASDAQ listing preparations, including regulatory and technical reporting.

• Ongoing evaluation of pre-feasibility study requirements in the context of U.S. listing standards.