Corporate ActionApr 28, 2026, 06:13 AM
REA Files S-1/A for IPO of 2.78M Shares at $17-$19
AI Summary
Rare Earths Americas, Inc. (REA) filed an S-1/A for its initial public offering, proposing to sell 2,777,777 shares of common stock at an estimated price range of $17.00 to $19.00 per share. The company, an exploration stage firm focused on rare earth mineral projects in the US and Brazil, expects net proceeds of approximately $43.3 million. REA plans to list its common stock on the NYSE American under the symbol "REA", despite reporting a net loss of $(9.93) million for 2025.
Key Highlights
- REA to offer 2,777,777 shares of common stock in its initial public offering.
- Estimated IPO price range is $17.00 to $19.00 per share.
- Expected net proceeds of approximately $43.3 million, or $50.4 million if over-allotment option is fully exercised.
- Underwriters have a 30-day option to purchase up to an additional 416,666 shares of common stock.
- Company reported a net loss of $(9.93) million for the year ended December 31, 2025.
- Net cash used in operating activities was $(4.86) million for the year ended December 31, 2025.
- Shiloh Project (US) shows boulder assays up to 20.01% TREO and trenching intercepts up to 30.98% TREO.
- Alpha Project (Brazil) has 201.7 Mt inferred mineral resource at 1,520 ppm TREO.