Here are the 10-Q quarterly reports from Rare Earths Americas, Inc. (REA) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow REA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full REA filings page.
Rare Earths Americas, Inc. reported a net loss of $40.411 million for the nine months ended September 30, 2026, versus $5.414 million a year earlier. Nine-month operating expenses were $33.202 million as exploration and corporate costs expanded; the company has not generated mining revenue. Net cash used in operations was $17.108 million versus $1.496 million. At September 30, 2026, cash, cash equivalents and short-term investments totaled approximately $68.3 million; management believes these resources will cover anticipated cash needs for at least 12 months.
Exploration continued in Brazil and Georgia. Alpha testing announced in November reported approximately 40% rare-earth leach recovery, excluding cerium, versus the 27% assumption in the project's Technical Report Summary, under different test conditions; the Alpha Initial Assessment was over 80% complete and targeted for the first quarter of 2027. The company was conducting a 13,400-meter reverse-circulation program at Alpha to test below historical auger depths. Constellation's Initial Assessment began in October and is targeted for mid-2027. On November 4, the company issued 689,239 shares to certain executive officers and directors upon settlement of vested RSUs, withheld 240,600 shares for taxes, and paid $1.978 million in related taxes.
Rare Earths Americas, Inc. is an exploration-stage rare earth mining company with projects in the United States and Brazil and no revenue to date. For the six months ended June 30, 2026, it reported a net loss of $29.6 million, up from $0.9 million a year earlier, driven by higher exploration spending, public-company costs, $7.1 million of stock-based compensation and large non-cash fair value losses on warrants and SAFEs.
The company completed an IPO in May 2026, issuing common stock at $19.00 per share and raising net proceeds of roughly $64.2 million, with related SAFEs and a convertible related-party loan converting into equity. As of June 30, 2026, cash, cash equivalents and short-term investments totaled about $76.7 million, with current assets far exceeding current liabilities.
Management plans 2026 spending of about $20 million on U.S. projects (including the Foothills Rare Earths District), $15 million on Brazilian projects (including Alpha and Homer-A), and $8 million for working capital and corporate purposes, and believes existing liquidity will fund operations for at least the next twelve months.
Rare Earths Americas, Inc. reported a net loss of $16.8 million for the quarter ended March 31, 2026, reflecting its exploration-stage status and sizeable non-cash fair value charges. Operating expenses rose to $4.8 million, driven by higher exploration and general and administrative costs after acquiring U.S. and Brazilian projects.
Non-cash losses from remeasuring the SAFE liability and warrant liability totaled about $12.1 million, significantly increasing the quarterly loss. The company ended the quarter with $20.4 million in cash and cash equivalents and current assets exceeding current liabilities. Subsequent to quarter-end, it completed an IPO raising roughly $64.2 million gross and converted all SAFEs and a related-party loan into common stock. Management disclosed ongoing material weaknesses in internal controls and outlined a remediation plan involving added personnel, enhanced processes, and third-party support.