Rare Earths Americas Acquires Weyerhaeuser Mining Lease

What Happened

• Rare Earths Americas, Inc. (through its wholly owned subsidiary Foothills Rare Earths, LLC) announced it entered into an Assignment and Assumption of Lease on August 20, 2026, acquiring all rights and assuming obligations under a Mining Lease Agreement with Weyerhaeuser Forest Holdings, Inc. (original lease dated October 1, 2020).
• The assignment completed the subsidiary’s previously disclosed exercise of an option to acquire the lease. Consideration at closing was $375,000 in cash plus 165,153 shares of Rare Earths Americas common stock (the stock portion representing $2,000,000 previously disclosed). The shares were issued in a private placement exempt from registration.

Key Details

• Lease area: ~1,662.8 acres located in Harris and Talbot Counties, Georgia.
• Payments/royalty: annual rental payments of $75,000 beginning in year four; 5% royalty on rare earth products and byproducts produced from the lease area.
• Transaction date: Assignment effective August 20, 2026; underlying lease originally dated October 1, 2020; a First Amendment to the lease dated January 30, 2026 is filed as an exhibit.
• Exhibits: Assignment and First Amendment filed with the 8-K (see Exhibits 10.1 and 10.2).

Why It Matters

• This gives Rare Earths Americas direct control of a material Georgia lease covering 1,662.8 acres, clarifying land access for exploration or development of rare earth resources on that property.
• The deal creates known future costs: an annual rent obligation (starting year four) and a 5% production royalty, and it included issuance of company stock (165,153 shares), which has a dilutive effect for current shareholders.
• Investors should view this as a step in converting an option into an active lease holding—important for assessing the company’s asset base, potential future production, and near-term cash/stock use tied to property acquisition.