Rare Earths Americas subsidiary exercises option to acquire mining lease for $2.375M

Rare Earths Americas, Inc.

FRE US exercised option on July 31, 2026 to acquire Weyerhaeuser Mining Lease from Southeast Metals LLC.
Consideration: $375,000 cash + $2,000,000 in REA common stock issued in private placement.
Closing requires SEM to obtain all approvals from Weyerhaeuser Company.
SEM receives piggyback registration rights; shares eligible for Rule 144 legend removal after six months.
Original option was to acquire 100% of SEM; amended to lease assignment only.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.