ipo — September 24, 2026, 5:15 AM · IndexBox
Rare Earths Americas Hits Heavy Rare Earth Enrichment at Homer Project in Brazil - News and Statistics
Rare Earths Americas (REA) has announced significant heavy rare earth enrichment at its Homer project in Brazil, with preliminary drilling results revealing extensive, shallow mineralization. The company, which focuses on heavy rare earth elements used in permanent magnets and defense, has completed over 6,500 meters of drilling and plans to finish the current drill program by year-end, aiming for an initial Mineral Resource Estimate in 2027. Despite these promising developments, REA's stock was down 1.3 percent in New York, and it holds a market capitalization of $219 million.
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