High TREO concentrations boost Rare Earths Americas’ Homer project

Rare Earths Americas (REA) has announced promising initial drill results for its Homer project in Brazil's Goiás Alkaline province. The company's 100%-owned project has shown widespread, near-surface mineralization with heavy rare earth enrichment. Over 6,500 meters of drilling have been completed, revealing multiple drill intercepts with high concentrations of total rare earth oxides (TREO) exceeding 2,000 ppm over intervals surpassing 10 meters.

REA is targeting heavy rare earth elements, which are used in permanent magnets and defense applications. The company began a $5 million, 15,000-meter reverse circulation and diamond drilling program in June, following positive confidence in the project's scale and potential. Confirmed mineralization spans approximately 2.15 km², which is less than 20% of the primary geochemical anomaly at Homer-A and less than 7% of the total magnetic geophysical anomaly.

The results show elevated concentrations of heavy rare earth oxides (HREO), neodymium-praseodymium (NdPr), and combined dysprosium and terbium (DyTb). Scandium, typically associated with rare earth elements, was also found in notable grades within the weathered zones. REA has doubled its drill fleet to four rigs and aims to complete the current drill program by year-end, with the goal of releasing an initial Mineral Resource Estimate for the project in 2027.