Rare Earths Americas, Inc. filed its quarterly report on Form 10-Q with the SEC on November 10, 2026, covering the period ended September 30, 2026, disclosing a significant change in its balance sheet following equity activity during the nine months ended September 30, 2026.

Key Highlights

  • Total assets rose to $95,162 thousand as of September 30, 2026, up from $48,837 thousand at December 31, 2025, according to the filing.
  • Cash and cash equivalents stood at $8,119 thousand at September 30, 2026, compared with $22,841 thousand at December 31, 2025.
  • Short-term investments of $60,192 thousand appeared on the balance sheet at September 30, 2026, with no corresponding balance at December 31, 2025.
  • Total stockholders' equity increased to $83,344 thousand from $28,463 thousand at the prior year-end, the filing reported.
  • Accumulated deficit reached $60,249 thousand at September 30, 2026, versus $19,838 thousand at December 31, 2025.
  • Common shares outstanding were 20,512,381 as of September 30, 2026, up from 14,965,987 at December 31, 2025; as of November 9, 2026, the registrant reported 20,961,020 shares outstanding.
  • SAFE liability of $11,715 thousand and convertible related party loan of $1,123 thousand, both carried at December 31, 2025, were reduced to zero by September 30, 2026, per the filing.

Balance Sheet Changes at Rare Earths Americas Through September 30, 2026

According to the filing, Rare Earths Americas, Inc. (NYSE American:REA), a Texas-incorporated company headquartered in Manchester, Georgia, reported total assets of $95,162 thousand at September 30, 2026, nearly double the $48,837 thousand recorded at December 31, 2025. The increase was driven primarily by the appearance of $60,192 thousand in short-term investments, which carried no balance at the prior year-end, partially offset by a decline in cash and cash equivalents from $22,841 thousand to $8,119 thousand.

On the liabilities side, the filing disclosed that total liabilities fell to $11,818 thousand from $20,374 thousand at December 31, 2025. The SAFE liability, which stood at $11,715 thousand at year-end 2025, was eliminated by September 30, 2026, as was the convertible related party loan of $1,123 thousand. The warrant liability increased to $7,238 thousand from $4,433 thousand over the same period. Noncontrolling interest, which was $2,275 thousand at December 31, 2025, was reported as zero at September 30, 2026.

The company's additional paid-in capital grew to $144,168 thousand from $46,292 thousand, consistent with the increase in common shares issued and outstanding, the filing stated. The accumulated deficit expanded to $60,249 thousand from $19,838 thousand. The filing notes that the company is classified as a non-accelerated filer, smaller reporting company, and emerging growth company. The filing contains forward-looking statements that the company identifies as subject to its cautionary language and significant uncertainties.

What Was Disclosed

Rare Earths Americas, Inc. filed its unaudited condensed consolidated balance sheet and related financial statements for the quarter ended September 30, 2026, showing material changes in assets, liabilities, and equity compared with December 31, 2025. Income statement data was not fully available in the extracted filing text.