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Rare Earths Americas (REA) reported Q1 2026 drilling and surface sampling results from the Shiloh rare earths project in Georgia.
Thirteen rock chip samples at Newbill and Pipeline graded 17%–44.5% TREO, and multiple drill holes at Lazer Creek, Pig Trail, Newbill and Pipeline intersected monazite-bearing rare earth mineralization.
The project remains at an early exploration stage with no mineral resource estimate; over 20,000m of drilling is planned in 2026 to assess continuity, scale, and potential for future resource delineation.
Rare Earths Americas (REA) awarded the Alpha Initial Assessment (IA) contract under S-K 1300 to Hatch, a global engineering consultancy with rare earth and Brazilian IAC experience. The IA covers mine planning, metallurgy, infrastructure, permitting overview, and project economics.
The first phase should finish in 6–8 weeks, with the full IA targeted for early 2027. REA also plans 13,400 meters of in-fill drilling at Alpha in 2026 to upgrade resources and accelerate work toward a potential Pre-Feasibility Study.
Rare Earths Americas (NYSE: REA) closed an upsized initial public offering of 3,333,331 shares, raising approximately $63.3 million in gross proceeds on May 6, 2026. Shares began trading on the NYSE American under the ticker REA.
Net proceeds will fund land acquisition, drilling, metallurgical test work, permitting and SK-1300 technical report summary preparation at Shiloh; exploration and studies at Alpha and Constellation; evaluation of non-material projects; and general corporate purposes. Cantor and Stifel led the offering.