Highlights
- Standout drill hole RC-TGA-0010 returned 22 meters at 2,298 ppm TREO+Sc from 5 meters depth, with one meter hitting 6,096 ppm including 53.6% heavy rare earth oxides.
- Homer-A has no Mineral Resource Estimate, no metallurgical recovery data, and has not been confirmed as an ionic adsorption clay deposit—key value gates remain uncrossed.
- REA raised $63.3 million at $19 per share in its May 2026 IPO but shares trade roughly 42% below that level, reflecting early-stage exploration risk.
- The project's high dysprosium and terbium content is strategically significant given China's dominance of Dy/Tb supply, but economic recoverability is unproven.
- REA has completed over 6,500 meters of a planned 15,000-meter drill program and targets a maiden resource estimate in 2027.
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