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, with three material projects: Shiloh (Georgia), Alpha (Bahia, Brazil), and Constellation (Minas Gerais, Brazil).

• Aims to become a cornerstone of non-Chinese rare earth supply, aligning with Western industrial and national security priorities.

• Holds additional early-stage exploration projects, including Homer (Goiás, Brazil) and Liberty Peak (Georgia, U.S.).

• Business strategy centers on advancing projects through land acquisition, drilling, exploration, resource definition, and strategic partnerships.

Financial performance and metrics

• No revenue generated to date; all projects are in the exploration stage.

• Net loss of $9.9 million in 2025, up from $4.0 million in 2024, driven by increased exploration and administrative expenses.

• Operating expenses in 2025 were $9.5 million, with $3.7 million for exploration and $5.5 million for general and administrative costs.

• Cash and cash equivalents as of December 31, 2025, were $22.8 million.

• Raised $15.9 million in a private placement and $11.7 million through SAFEs in 2025.

Use of proceeds and capital allocation

• Net proceeds from the IPO will fund land acquisition, drilling, metallurgical test work, permitting, and technical report preparation at Shiloh, Alpha, and Constellation projects.

• Remaining proceeds will support non-material projects, working capital, and general corporate purposes.

• Management has broad discretion in the application of net proceeds.