High TREO concentrations boost Rare Earths Americas’ Homer project
Rare Earths Americas (REA) reported high concentrations of total rare earth oxides (TREO) in initial drill results from its Homer project in Brazil. The company completed over 6,500 meters of drilling, with multiple intercepts exceeding 2,000 ppm TREO. REA plans to complete a $5 million drilling program by year-end and aims to publish an initial Mineral Resource Estimate in 2027. The stock closed down 1.3%, with a market cap of $219 million.

