NYSE: REA
Rare Earths Americas, Inc.CIK 0002095743 · Metal Mining
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Rare Earths Americas reports $16.8M Q1 loss, discloses material control weaknesses
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Rare Earths Americas grants $1.98M in equity compensation to three executives
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Latest financial statements
From 10-Q filed Jun 4, 2026 (period ending Mar 31, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q1 ended Mar 31, 2025 |
|---|---|---|
| Operating expenses: | ||
| General and administrative | 2.7 | 0.2 |
| Total operating expenses | 4.8 | 0.3 |
| Operating income | (4.8) | (0.3) |
| Interest expense | 0.04 | — |
| Other income/(expense), net | (12.0) | — |
| Income before income taxes | (16.8) | (0.3) |
| Income tax expense/(benefit) | — | |
| Net income | (16.8) | (0.3) |
| Basic earnings per share | (1.12) | (0.03) |
| Diluted earnings per share | (1.12) | (0.03) |
Consolidated Balance Sheets (Unaudited)
| Description | Mar 31, 2026 | Dec 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 20.4 | 22.8 |
| Prepaid expenses and other current assets | 0.08 | 0.05 |
| Total current assets | 20.8 | 23.1 |
| Property, plant and equipment, net | 0.5 | 0.4 |
| Deferred income taxes and other assets | 0.04 | 0.04 |
| Other long-term assets | 26.1 | 25.3 |
| TOTAL ASSETS | 47.4 | 48.8 |
| Current liabilities: | ||
| Accounts payable | 0.7 | 1.5 |
| Accrued liabilities | 1.1 | 1.2 |
| Other current liabilities | 1.3 | 1.2 |
| Total current liabilities | 3.1 | 3.9 |
| Operating lease liabilities | 0.01 | 0.02 |
| Deferred income taxes and other liabilities | 1.0 | 0.4 |
| Other long-term liabilities | 31.6 | 16.1 |
| Total liabilities | 35.6 | 20.4 |
| Shareholders' equity: | ||
| Common stock | — | — |
| Capital in excess of stated value | 46.5 | 46.3 |
| Accumulated other comprehensive income (loss) | (0.3) | (0.3) |
| Retained earnings (deficit) | (36.6) | (19.8) |
| Total shareholders' equity | 9.5 | 26.2 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 47.4 | 48.8 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q1 ended Mar 31, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | (4.4) | 0.1 |
| Investing Activities: | ||
| Net cash from investing activities | (0.2) | — |
| Financing Activities: | ||
| Net cash from financing activities | 2.2 | (0.1) |
| Net increase/(decrease) in cash | (2.5) | — |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗