Rare Earths Americas (NYSE: REA) announced Tuesday drilling and surface sampling its Shiloh deposit in Georgia have identified zones of monazite-bearing sands and localized high-grade rare earth element (REE) mineralization.
The company received assay results for all 13 of the rock chip surface samples taken across the Newbill and Pipeline properties at Shiloh showing exceptionally high grades up to 44.5% total rare earths oxide (TREO).
In 2026, REA plans to complete more than 20,000 meters (m) of drilling using sonic, direct push, and diamond methods to further define and expand the monazite sands potential at Shiloh.
The company, which made its debut on the NYSE American in May, is focused on heavy rare earth elements used in permanent magnets and defense applications, says its Shiloh exploration district could fundamentally alter the US’ rare earth supply.
REA said it believes the monazite-rich sands could represent the source rock for rare earth-bearing mineral sands already mined along the US coastal plain.
The exploration program at Shiloh will focus on establishing the continuity, scale, and grade distribution of REE mineralization across the district to support ongoing evaluation of the project and assess the potential for future mineral resource delineation, the company said.
At Lazer Creek, initial results show that mineralization was encountered across multiple drilling locations, hole 25-DPLC-015 with 10.84% TREO from 6.1-6.77m and 3.52% TREO from 7.35-8.63m deep.
A drone-based radiometric survey of the Lazer Creek property also revealed additional targets along-strike.
Rare Earths Americas controls four exploration projects — the most advanced is the Alpha project in Bahia, Brazil, where engineering work is underway toward a SK-1300 initial assessment.
REA stock closed the day down 3.7% in New York. The company has a $341.8 million market capitalization.
