E-Tech Resources Issues Corporate Update on Eureka Project with Licence Transfer Submission and Nuclear Fuels DesignationAugust 12, 2025 8:51 AM EDT | Source: E-Tech Resources Inc.Halifax, Nova Scotia--(Newsfile Corp. - August 12, 2025) - E-Tech Resources Inc. (TSXV: REE) (FSE: K2i) ("E-Tech" or the "Company") is pleased to provide a corporate update on recent developments at its Eureka Project in Namibia.The Company has submitted the transfer of Exclusive Prospecting Licence (EPL 8748) to a n ...

Core Viewpoint - REE Automotive Ltd. is currently not in compliance with Nasdaq Rule 5450(a)(1) due to its Class A ordinary shares closing bid price being below $1.00 for 30 consecutive business days, from May 15, 2025, to June 27, 2025 [1][2]. Compliance Period - The company has a 180-calendar-day period to regain compliance, with a deadline of December 29, 2025, to achieve a closing bid price of at least $1.00 for a minimum of ten consecutive business days [2][3]. - If compliance is not demonstrated by the deadline, the company's shares may be subject to delisting [3]. Additional Compliance Options - The company may be eligible for an additional 180-calendar-day period to regain compliance if it meets other listing requirements, excluding the bid price [4]. - To qualify for this extension, the company may need to notify Nasdaq of its intention to cure the deficiency, potentially through a reverse stock split [4]. Monitoring and Future Actions - The company plans to monitor its closing bid price and consider options to regain compliance within the specified period [5]. - The Nasdaq letter does not have an immediate effect on the company's listing or trading of its shares, which will continue to trade under the symbol "REE" during the cure period [5]. Company Overview - REE Automotive develops software-defined vehicle (SDV) technology solutions, focusing on enhancing vehicle operations and features through proprietary software [6]. - The company's technology aims to create safer, more modular, and better-performing vehicles, with capabilities for over-the-air updates and improvements [6].

Group 1 - The article discusses a long-term, contrarian approach to equities investing, with a focus on the Tech, Commodities, and Energy sectors as the world undergoes an energy transition [1] Group 2 - No specific company or stock positions are disclosed, indicating a neutral stance on investment recommendations [2][3]

Core Viewpoint - Appia Rare Earths & Uranium Corp. is set to resume exploration activities at its Alces Lake project in Saskatchewan during summer 2025, following a preparatory program in 2024 focused on camp maintenance and land surveying [1][2]. Exploration Plans - The upcoming exploration program will utilize targets identified from a high-resolution Airborne Gravity Gradiometer (AGG) survey, which underwent advanced 3D processing in late 2024 [2][3]. - The summer 2025 phase will commence with Mobile Metal Ion (MMI) soil sampling and ground gravity surveys, aimed at testing potential REE-bearing zones from the surface to depths of 500 meters [2][4]. Strategic Focus - The exploration season's objective is to identify and prioritize compelling drill targets that could lead to larger sources of REE mineralization at Alces Lake [3]. - The program will integrate processed AGG geophysical data with new MMI soil sampling and gravity surveys to strategically focus the drill campaign on deeper potential [3][4]. Technical Approach - The goal is to identify geochemical anomalies that correlate with gravity-magnetic-radiometric-defined anomalies, which are indicators of monazite-hosted REE mineralization [4]. - Known showings like the WRCB and Magnet Ridge Zones will serve as models to guide the exploration tools [4]. Company Overview - Appia Rare Earths & Uranium Corp. is a publicly traded Canadian company engaged in the rare earth element and uranium sectors, holding rights to significant exploration areas in Saskatchewan and Brazil [8]. - The company has 153 million common shares outstanding and 177 million shares fully diluted [9].

Core Viewpoint - Critical Metals Corp has announced exceptional assay results from the Tanbreez Project in Greenland, indicating a significant opportunity to increase the current Maiden Resource Estimate (MRE) of rare earth materials from 225 million tonnes (MT) to an exploration target of 500MT [1][19][30]. Group 1: Assay Results and Resource Estimates - The weighted average grade from the newly released diamond drill hole results is 0.43% Total Rare Earth Oxides (TREO) with 28% Heavy Rare Earth Oxides (HREO) and 1.44% Zirconium Oxide (ZrO2) [9][13]. - The MRE for the Tanbreez Project is approximately 45MT of eudialyte containing 0.38% TREO, including 27% HREO, along with 180MT of industrial mineral by-products [1][30]. - The deep diamond drill holes have confirmed mineralization grades ranging from 0.33% to 0.51% TREO, with the potential for further resource upgrades [13][19][23]. Group 2: Drilling Plans and Operations - The company has applied for a Program of Works for the 2025 resource drilling program to upgrade the Inferred Resource to Indicated Resource category and extend the size of the Tanbreez Fjord and Hill Zone Deposits [2]. - The first stage of the drilling program will target the Fjord Deposit, while the second stage will focus on the Hill Zone Deposit, with planned depths of 60m to 150m [4][6][5]. - The company is currently re-assaying historical samples to confirm and reconcile assay results, with updates expected soon [3][7]. Group 3: Strategic Positioning and Future Outlook - The Tanbreez Project is strategically positioned to advance development plans, with ongoing exploration and fieldwork to deepen understanding of the asset's potential [1][19]. - The company holds a 42% interest in the Tanbreez Project, with the right to increase this to 92.5%, indicating strong control over the resource [1]. - The project is expected to play a crucial role in supplying critical minerals essential for electrification and next-generation technologies in Europe and its partners [38][39].

Core Insights - REE Automotive Ltd. has announced cost reduction measures to streamline its operations and extend its financial runway, focusing on software-defined vehicle (SDV) technology [1][2][3] Financial Adjustments - The company aims to reduce monthly operating expenses from approximately $6 million to about $2.7 million by year-end, representing a 55% decrease [2][6] - A one-time charge of approximately $2.1 million is expected due to the reduction-in-force plan, which involves a workforce reduction of about 50% across the U.S., Israel, and the U.K. [2][6] Strategic Focus - REE Automotive is concentrating its resources on SDV technology and enhancing operational efficiency while maintaining core R&D and engineering capabilities [3][6] - The company is adopting a licensing and partnership model for its SDV technology to drive long-term growth and stability [3][6] Organizational Changes - The new organizational structure is designed to create a leaner operation, allowing for a stronger focus on licensing its SDV technology [6][7] - The company is taking immediate steps to stabilize operations in response to volatile global macro-economic conditions [3][6] Technology Overview - REE Automotive develops software-defined vehicle technology that enhances vehicle operations and features through proprietary software, aiming for safer and better-performing vehicles [4] - The company's SDV technology utilizes zonal architecture for improved redundancy and stability, with capabilities for over-the-air updates [4]

Core Viewpoint - REE Automotive Ltd. has received an upgrade to Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for REE Automotive indicates expected earnings of -$1.38 per share for the fiscal year ending December 2025, reflecting a year-over-year change of 68.7% [9]. - Over the past three months, the Zacks Consensus Estimate for REE Automotive has increased by 63.3%, showing a trend of rising earnings estimates [9]. Zacks Rating System - The Zacks rating system is based on changes in earnings estimates, which are crucial for determining stock price movements [2][3]. - The system classifies stocks into five groups, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [8]. - REE Automotive's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [11].

REE Automotive (REE) Q4 2024 Earnings Call May 15, 2025 08:30 AM ET Company Participants Dana Rubinstein - Chief Strategy OfficerDaniel Barel - Co-Founder and CEOHai Aviv - CFO Conference Call Participants C.K. Poe Fratt - MD - Equity Research & Senior Transportation Analyst Operator Good day, and thank you for standing by. Welcome to the RE Automotive's Fourth Quarter and Full Year twenty twenty four Financial Results Conference Call. At this time, all participants are in listen only mode. After the speake ...

Financial Data and Key Metrics Changes - The company improved its liquidity to $72 million at the end of 2024, including an $18 million credit facility, following two successful securities offerings that raised approximately $60 million in gross proceeds [12] - The GAAP net loss for the full year was $111.8 million, a slight improvement from $114.2 million in 2023, primarily due to lower engineering and R&D expenses [13] - On a non-GAAP basis, the net loss improved to $70.3 million from $98.3 million in 2023, driven by reductions in engineering and R&D expenses [14] Business Line Data and Key Metrics Changes - The company achieved significant milestones in technology, including the first federal motor vehicle safety standard certification for a full by-wire vehicle in the US and the completion of the first autonomous drive on an active runway with Airbus [5][8] - The launch of ReAI Cloud in collaboration with Geotab opened new software revenue opportunities, indicating a shift towards a software-driven business model [5] Market Data and Key Metrics Changes - The company reported close to $1 billion in reservations, which includes binding orders and capacity reservations, indicating strong demand for its technology despite the temporary pause in production [34] - The current US tariffs and trade policies have significantly impacted the supply chain, affecting the company's ability to execute its original production plans [7][8] Company Strategy and Development Direction - The company is focusing on a software-first approach, transitioning towards a subscription-based revenue model and licensing its technology to OEMs and technology companies [10][20] - A strategic decision was made to temporarily pause production to address uncertainties in the macroeconomic environment and tariffs, while prioritizing software development [10][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's technology and its ability to adapt to market conditions, emphasizing the importance of preserving cash for future flexibility [21] - The company remains optimistic about the demand for its software-defined vehicle technology, which is seen as a cornerstone for future mobility [9][22] Other Important Information - The company plans to significantly reduce monthly operational expenses, targeting a reduction from $5-6 million to $3-4 million by the end of the year [30] - There is substantial doubt about the company's ability to continue as a going concern for the next twelve months, prompting plans for cost reductions and restructuring [17] Q&A Session Summary Question: Can you talk about the conversion of the MOU to a definitive agreement? - Management indicated that there is currently no change in the timeline for the MOU and that payments have already started being received for services delivered [27][28] Question: What is the actual cash balance at the end of the quarter excluding the credit facility? - The cash balance was reported at $61 million excluding the credit facility [29] Question: Can you discuss the cash burn and headcount at the end of the quarter? - The anticipated operating expenses are expected to be between $5-6 million a month, with plans to reduce this to $3-4 million by year-end [30][31] Question: Have there been any cancellations in reservations due to the production pause? - Management noted that customer interest in the product has increased, and they believe there is strong demand for their technology despite the production pause [34]

[Earnings Release Overview](index=1&type=section&id=Earnings%20Release%20Overview) The CEO highlighted 2024 as a breakthrough year for SDV technology, announcing a temporary production pause and a strategic shift towards licensing due to macroeconomic challenges and new equity capital raised [CEO Commentary and Strategic Update](index=1&type=section&id=CEO%20Commentary%20and%20Strategic%20Update) CEO Daniel Barel highlighted 2024 as a breakthrough year for SDV technology, announcing a temporary production pause and a strategic shift towards licensing due to macroeconomic challenges - 2024 was a breakthrough year, successfully advancing the company's **software-defined vehicle (SDV) technology** from concept to commercial reality, with growing interest from OEMs and technology companies[2](index=2&type=chunk) - Due to the disruptive impact of U.S. tariffs and trade policy, the company temporarily paused production to mitigate risks[3](index=3&type=chunk) - The company is actively pursuing less capital-intensive strategies, including licensing and partnerships, to preserve cash, with the production pause considered temporary[4](index=4&type=chunk) - To strengthen its financial position, the company raised new equity capital in **March 2025**[3](index=3&type=chunk) [Financial and Operational Highlights](index=2&type=section&id=Q4%20and%202024%20Year-End%20Financial%20Results%20and%20Recent%20Highlights) REE reported a GAAP net loss of **$111.8 million** for FY2024, with a significant non-GAAP improvement, but management expressed substantial doubt about its going concern ability [Q4 and Full-Year 2024 Financial Results](index=2&type=section&id=Q4%20and%202024%20Year-End%20Financial%20Results) For FY2024, REE reported a GAAP net loss of **$111.8 million** and a non-GAAP net loss of **$70.3 million**, with management expressing substantial doubt about its going concern ability - Management determined substantial doubt about the company's ability to continue as a going concern for the next twelve months due to macroeconomic and tariff impacts[6](index=6&type=chunk) Key Financial Metrics (Full Year 2024 vs. 2023) | Metric | 2024 | 2023 | | :--- | :--- | :--- | | GAAP Net Loss | $111.8 million | $114.2 million | | Non-GAAP Net Loss | $70.3 million | $98.3 million | | Cash & Cash Equivalents (Year-End) | $72.3 million | $85.6 million | | Free Cash Flow (FCF) Burn | Decreased 18% YoY | - | Key Financial Metrics (Q4 2024) | Metric | Q4 2024 | Q3 2024 | Q4 2023 | | :--- | :--- | :--- | :--- | | GAAP Net Loss | $37.3 million | $38.5 million | $35.2 million | | Non-GAAP Net Loss | $19.8 million | $16.8 million | $32.2 million | - The company successfully raised approximately **$60 million** (gross) in **2024** and an additional **$36.5 million** (gross) in **Q1 2025**[8](index=8&type=chunk) [Financial Statements](index=6&type=section&id=Financial%20Statements) The financial statements show a reduced operating loss for 2024, a decrease in total assets, a significant increase in liabilities, and improved cash flow from operations, alongside successful capital raises [Condensed Consolidated Statements of Comprehensive Loss](index=6&type=section&id=REE%20AUTOMOTIVE%20LTD.%20Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Loss) For FY2024, revenues decreased to **$183 thousand**, while operating loss improved to **$79.1 million**, resulting in a GAAP net loss of **$111.8 million** Annual Statement of Comprehensive Loss (in thousands USD) | Metric | 2024 | 2023 | | :--- | :--- | :--- | | Revenues | $183 | $1,608 | | Gross Loss | $(3,498) | $(1,662) | | Total Operating Expenses | $75,631 | $118,230 | | Operating Loss | $(79,129) | $(119,892) | | Net Loss | $(111,754) | $(114,208) | | Basic and Diluted Net Loss per Share | $(7.01) | $(11.32) | [Condensed Consolidated Balance Sheets](index=7&type=section&id=REE%20AUTOMOTIVE%20LTD.%20Condensed%20Consolidated%20Balance%20Sheets) As of December 31, 2024, total assets were **$130.3 million**, total liabilities increased to **$107.2 million**, and shareholders' equity decreased to **$23.1 million** Balance Sheet Summary (in thousands USD) | Metric | Dec 31, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $72,262 | $41,232 | | Total Current Assets | $82,506 | $93,504 | | Total Assets | $130,280 | $137,900 | | **Liabilities & Equity** | | | | Total Current Liabilities | $36,183 | $35,179 | | Total Liabilities | $107,152 | $59,825 | | Total Shareholders' Equity | $23,128 | $78,075 | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=REE%20AUTOMOTIVE%20LTD.%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities improved to **$69.0 million** in 2024, with financing activities providing **$63.5 million**, leading to an increase in year-end cash to **$74.8 million** Annual Cash Flow Summary (in thousands USD) | Metric | 2024 | 2023 | | :--- | :--- | :--- | | Net cash used in operating activities | $(68,985) | $(89,273) | | Net cash provided by investing activities | $35,969 | $49,617 | | Net cash provided by financing activities | $63,548 | $23,971 | | **Increase (decrease) in cash** | **$30,532** | **$(15,685)** | | Cash at end of period | $74,772 | $44,240 | [Non-GAAP Financial Measures and Reconciliations](index=3&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Reconciliations) The company uses non-GAAP measures like Free Cash Flow and non-GAAP net loss to supplement GAAP reporting, providing detailed reconciliations for transparency and performance analysis [Explanation of Non-GAAP Financial Measures](index=3&type=section&id=Explanation%20of%20Non-GAAP%20Financial%20Measures) The company uses non-GAAP financial measures, including Free Cash Flow and non-GAAP net loss, to supplement GAAP reporting and enhance understanding of operational performance - The company uses non-GAAP financial measures internally to analyze results and as a useful supplement to GAAP for investors[11](index=11&type=chunk) - Key non-GAAP measures include **Free Cash Flow (FCF)** for liquidity and **non-GAAP net loss** for operational performance[13](index=13&type=chunk)[14](index=14&type=chunk) [Reconciliation Tables](index=9&type=section&id=Reconciliation%20Tables) Detailed reconciliations show a **GAAP net loss of $111.8 million** adjusted to a **non-GAAP net loss of $70.3 million**, and net cash used in operating activities reconciled to a **Free Cash Flow burn of $76.5 million** Reconciliation of Net Loss to Adjusted EBITDA (in thousands USD) | Metric | FY 2024 | FY 2023 | | :--- | :--- | :--- | | Net Loss on a GAAP Basis | $(111,754) | $(114,208) | | Adjustments | $48,977 | $15,664 | | **Adjusted EBITDA** | **$(62,777)** | **$(98,544)** | Reconciliation to Free Cash Flow (in thousands USD) | Metric | FY 2024 | FY 2023 | | :--- | :--- | :--- | | Net cash used in operating activities | $(68,985) | $(89,273) | | Purchase of property and equipment | $(7,531) | $(3,745) | | **Free Cash Flow** | **$(76,516)** | **$(93,018)** | Reconciliation of GAAP Net Loss to Non-GAAP Net Loss (in thousands USD) | Metric | FY 2024 | FY 2023 | | :--- | :--- | :--- | | GAAP net loss | $(111,754) | $(114,208) | | Adjustments | $41,478 | $15,882 | | **Non-GAAP net loss** | **$(70,276)** | **$(98,326)** | [Company Information and Disclosures](index=4&type=section&id=Company%20Information%20and%20Disclosures) This section provides an overview of REE's software-defined vehicle technology and business model, alongside crucial warnings about forward-looking statements and significant operational risks [About REE Automotive](index=4&type=section&id=About%20REE%20Automotive) REE Automotive specializes in software-defined vehicle (SDV) technology, offering a proprietary full by-wire system that is FMVSS certified and licensed to OEMs - REE develops **software-defined vehicle (SDV) technology** with zonal architecture for enhanced safety and over-the-air updates[16](index=16&type=chunk) - The company is the first to achieve **FMVSS certification** in the U.S. for a full by-wire vehicle controlling drive, steer, and brake functions electronically[16](index=16&type=chunk) - REE's business model focuses on licensing its **SDV technology** to OEMs and technology companies, enabling custom vehicle design[16](index=16&type=chunk) [Caution About Forward-Looking Statements](index=4&type=section&id=Caution%20About%20Forward-Looking%20Statements) This section warns that forward-looking statements are subject to risks, including substantial doubt about going concern, reliance on suppliers, and geopolitical instability - The communication includes forward-looking statements regarding REE's strategy, including temporary production pause, licensing shift, and cash preservation efforts[17](index=17&type=chunk) - A primary risk factor is substantial doubt about REE's ability to have sufficient funds for its obligations for the foreseeable future and next 12 months[20](index=20&type=chunk) - Other significant risks include reliance on outsourced manufacturing, dependence on limited suppliers, intense competition, and geopolitical risks related to Israeli incorporation and the Gaza war[20](index=20&type=chunk)