Rare Earths Americas (REA) Registration filing summary

Company overview and business model

• Operates as an exploration-stage company focused on high-grade heavy rare earth mineral assets in the U.S. and Brazil.

• Portfolio includes three material projects: Shiloh (Georgia, U.S.), Alpha (Bahia, Brazil), and Constellation (Minas Gerais, Brazil).

• Projects target critical minerals for high-performance magnets used in robotics, defense, EVs, and renewable energy.

• No revenue to date; business model centers on advancing projects from exploration to resource definition and development.

• Strategy includes land acquisition, drilling, exploration, process development, and strategic partnerships.

Financial performance and metrics

• Reported net losses of $9.9 million in 2025 and $4.0 million in 2024, reflecting increased exploration and administrative costs.

• Operating expenses rose 137% year-over-year to $9.5 million in 2025, driven by expanded activities post-acquisition.

• Cash and cash equivalents as of December 31, 2025, were $22.8 million, with no operating revenues.

• Raised $15.9 million in a private placement and $11.7 million through SAFEs in 2025; additional $3.4 million in SAFEs in early 2026.

• Net cash used in operating activities was $4.9 million in 2025, with $26.5 million provided by financing activities.

Use of proceeds and capital allocation

• Net proceeds from the IPO (estimated at $43.3 million) will fund: $20 million for Shiloh Project advancement, $4 million each for Alpha and Constellation Projects, and $15.3 million for non-material projects and working capital.

• Management has broad discretion in the application of proceeds, with a focus on accelerating exploration and technical studies.