Rare Earths Americas acquires Georgia mining lease for $375,000 cash and 165,153 shares
On August 20, 2026, subsidiary Foothills Rare Earths, LLC assumed the Weyerhaeuser mining lease from Southeast Metals LLC after exercising its option to acquire it. The company paid $375,000 in cash and 165,153 common shares, matching the $2 million in stock consideration it had previously disclosed. The lease covers about 1,662.8 acres in Georgia and carries a 5% royalty on rare earth products, so shareholders should note both the added mineral rights and the new share issuance.
Key points
- Assignment dated August 20, 2026; Foothills Rare Earths assumed lease obligations required on or after that date.
- Consideration: $375,000 in cash plus 165,153 common shares, representing the $2 million in stock previously disclosed; shares issued in a private placement.
- Lease covers about 1,662.8 acres in Harris and Talbot Counties, Georgia; annual rent of $75,000 starts in year four, plus a 5% royalty on rare earth products.
- First Amendment to the lease, dated January 30, 2026, is filed as Exhibit 10.2.
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 25, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.