Rare Earths Americas adds 1,663-acre rare earths lease
Rare Earths Americas, Inc. (REA) disclosed that its wholly owned subsidiary, Foothills Rare Earths, LLC, entered into an Assignment and Assumption of Lease with Southeast Metals LLC on August 20, 2026.
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Rhea-AI Filing Summary
Rare Earths Americas, Inc. (REA) disclosed that its wholly owned subsidiary, Foothills Rare Earths, LLC, entered into an Assignment and Assumption of Lease with Southeast Metals LLC on August 20, 2026. Under this Assignment, Foothills Rare Earths acquired all of Southeast Metals’ rights and interests in a mining lease with Weyerhaeuser Forest Holdings, Inc. and assumed lease obligations required to be performed on or after that date.
Closing consideration consisted of $375,000 in cash and 165,153 shares of REA common stock, representing $2,000,000 in stock consideration, issued in a private placement exempt from registration under the Securities Act of 1933. The Weyerhaeuser lease covers approximately 1,662.8 acres in Harris and Talbot Counties, Georgia, and provides for annual rental payments of $75,000 beginning in year four and a 5% royalty on rare earth products and byproducts produced from the lease area.
8-K Event Classification
Key Figures
Key Terms
Assignment and Assumption of Lease legal
royalty financial
private placement exempt from registration regulatory
Mining Lease Agreement legal
FAQ
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What agreement did Rare Earths Americas (REA) enter into on August 20, 2026?
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What ongoing payments are required under REA’s Weyerhaeuser lease?
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