Rare Earths Americas, Inc.("REA" or the "Company") has awarded the Alpha Initial Assessment ("IA") contract under S-K 1300 to Hatch Ltd. ("Hatch"), a global multidisciplinary management, engineering, and development consultancy. Hatch has multiple decades of technical experience in the mining, energy, and infrastructure sectors with an international presence. In addition, Hatch has experience supporting technical studies in rare earths ("RE"), including extensive experience in Brazilian ionic adsorption clay ("IAC") RE projects.
The Alpha IA will focus on designing an initial mine plan, metallurgy, infrastructure, permitting overview, and project economics. As a first phase of the study, Hatch will support REA with a substantial project assessment and review, including preliminary evaluations of mine planning, metallurgy, infrastructure, permitting considerations, and project parameters. This first phase is expected to be completed in 6 to 8 weeks, and the complete IA is anticipated to be finished in early 2027. Subsequent studies, including a Pre-Feasibility Study ("PFS"), will be subject to future evaluation, approvals and separate agreements.