Rare Earths Americas (REA) Investor presentation summary

Investment highlights and strategic positioning

• Portfolio includes high-grade U.S. rare earth discovery and two large-scale Brazilian resources, with additional Brazilian projects under exploration.

• U.S. asset shows assay grades ~7.4x higher than leading domestic projects, with Brazilian assets rich in heavy rare earths critical for permanent magnets.

• Recent U.S. government support for critical minerals enhances access to capital and accelerates project development.

• Rare earths are essential for next-generation technologies, with demand driven by electrification, robotics, and clean energy.

• Investment proceeds are allocated to exploration, land acquisition, and technical studies.

Asset portfolio and project details

• Shiloh (USA): Greenfield discovery with surface samples up to 44.5% TREO, near-surface monazite sands, and streamlined permitting.

• Constellation (Brazil): 266Mt at 2,637ppm TREO, 1% DyTb, located in a renowned rare earth district with favorable infrastructure.

• Alpha (Brazil): 202Mt at 1,520ppm TREO, 2.2% DyTb, large-scale, shallow, free-dig mineralization with excellent heavy rare earth content.

• Homer (Brazil): Over 1,200km² of exploration ground targeting niobium and rare earths in a globally significant carbonatite region.

Market dynamics and supply chain trends

• Heavy rare earths (Dy, Tb) are vital for high-performance magnets in EVs, robotics, defense, and clean energy, with demand outpacing supply.

• China and Myanmar currently produce 91% of global DyTb, but supply is fragile due to geopolitical and regulatory risks.

• Brazil is positioned as a stable, low-cost, and resource-rich alternative, with potential to double its reserve base.

• By 2040, the DyTb supply gap is projected to be ~116x the annual output of Australia's Mt. Weld mine.

• Western heavy rare earth prices are diverging from Chinese prices, reflecting supply constraints.