Summary of Q1 2026 Financial Performance

• Quarter Ended: March 31, 2026
• Stock Exchange: NYSE American LLC (Symbol: REA)
• Shares Outstanding: 19,907,282 common shares as of report date
• Common Shares Authorized: 500,000,000 at \$0.0001 par value
• Preferred Shares Authorized: 1,000,000 at \$0.0001 par value (none issued or outstanding)
• Total Assets: \$47.4 million as of March 31, 2026
• Total Liabilities and Stockholders’ Equity: \$47.4 million
• Stockholders’ Equity: \$9.54 million attributable to common shareholders; \$2.28 million attributable to minority interests
• Retained Earnings (Deficit): \$(36.6) million
• Interest Income (Q1): \$127,000

Corporate Status and Regulatory Compliance

• The company filed all required reports under Section 13 or 15(d) of the Securities Exchange Act of 1934 for the past 12 months and has been subject to these requirements for the past 90 days.
• The company has timely submitted all interactive data files as required by Regulation S-T.
• Filer Status: Non-accelerated filer, smaller reporting company, and emerging growth company.
• The company has not elected to use the extended transition period for complying with new or revised financial accounting standards.

Key Strategic and Operational Updates

• Forward-Looking Statements: The company outlines a number of forward-looking statements that may impact future operations and share value, including:
  • Goals and strategies for growth and expansion
  • Planned exploration activities and related cost estimates
  • Expectations regarding revenue, expenses, and operations
  • Risks associated with the company’s operating strategy and mineral exploration programs
  • Competition in local markets and risks from unfavorable economic and restrictive financing conditions
  • Significant risks and hazards related to mining operations
  • Timing and receipt of exploration permits and other third-party approvals
  • Government regulation affecting mineral exploration and development
  • Developments in the competitive landscape and industry
  • Potential social or community issues impacting operations
  • Ability to retain key personnel and maintain labor relations
• These statements are subject to considerable uncertainties and actual results may differ materially from those anticipated.

Important Shareholder Considerations

• Price-Sensitive Factors:
  • The company’s significant retained deficit of \$(36.6) million highlights ongoing operational losses, which may raise concerns about future profitability.
  • Despite these losses, the company maintains strong asset levels and a healthy equity base, supported by over \$47 million in assets and over \$9.5 million in equity attributable to shareholders.
  • There is no preferred stock outstanding, indicating no senior claims over common shareholders at this time.
  • The company’s status as an emerging growth company and smaller reporting company may afford it some regulatory and cost advantages, but also signals its early stage of development.
• Potential Catalysts:
  • Any significant exploration results, changes in mineral resource estimates, or major financing developments could move the share price.
  • The company’s focus on obtaining exploration permits and regulatory approvals is key to unlocking future value and may be a source of short-term volatility.

Conclusion

Rare Earths Americas, Inc. continues to advance its mineral exploration business with a solid asset base and ongoing exploration plans. Investors should monitor regulatory developments, operational updates, and any shifts in financial performance closely, as these could have a material effect on share value. The company’s significant retained deficit is a risk factor, but its cash position and equity base provide a foundation for ongoing activities. Any major discoveries, permitting updates, or financing events would be potentially share-price moving news.