ATLANTA, GA and DOHA, QATAR / ACCESS Newswire / February 6, 2026 / Ameerex Corporation (OTC:HIRU) ("Ameerex" or the "Company ) today confirmed major heavy rare earth element (HREE) mineralization within its Brazil joint venture with Patagonia Lithium Ltd (ASX: PL3), materially expanding the scope of a partnership previously centered on lithium and positioning the project within a globally significant critical minerals belt. There are 11 targets that have been identified for augur and air-core drilling. ...

Core Viewpoint - Metals Creek Resources Corp. has received promising assay results from its partner Lomiko Metals Inc. regarding Rare Earth Elements (REE) analysis from the Yellow Fox Antimony property, indicating significant potential for further exploration and development [1][3][9]. Group 1: REE Anomalies and Soil Sampling Results - A two-phase soil sampling program in 2025 identified several highly prospective critical metal soil anomalies, including REEs Lanthanum (La) and Cerium (Ce), with Ce values reaching up to 2,510 parts per million (ppm) and La values up to 414 ppm [3][5]. - The largest identified anomaly (Anomaly 1) measures approximately 500 meters in width and at least 1,300 meters in length, while a second anomaly (Anomaly 2) is about 175 meters wide and at least 1,000 meters long [3][5]. - Seven soil samples were selected for additional REE analysis, revealing highly anomalous assays for both light and heavy rare earth elements, with Total Rare Earth Element (TREE) values ranging from 1,683 ppm to 5,176 ppm [5][7][14]. Group 2: Future Exploration Plans - The next stages of exploration will include line cutting, ground geophysics, surface trenching, and geological mapping to better define the orientation and location of high-priority targets [12][20]. - Management is encouraged by the results and plans to conduct further sampling to determine the extent of REE mineralization across the Yellow Fox property [14][20]. Group 3: Geological Context and Historical Data - The Yellow Fox property exhibits geological traits similar to the Beaver Brook area, with structural zones showing intense carbonate alteration and the presence of stibnite and arsenopyrite [16][17]. - Historical work has returned samples with significant values in gold, antimony, lead, zinc, and silver, indicating a rich mineralization potential [17].

Core Viewpoint - Quebec Rare Earth Elements Corp. has entered into an option agreement to acquire the Moose REE Project, which is a promising site for Rare Earth Elements located in Quebec, Canada [10][11]. Project Overview - The Moose REE Project features a 7 km diameter circular magnetic anomaly with a central core of 2 km in diameter, indicating high potential for Rare Earth Elements [6][7]. - A sample taken in 2025 returned 6.17% Total Rare Earth Oxides (TREO), with 20.8% being Neodymium-Praseodymium (NdPr) oxides, suggesting significant mineralization [6][7]. - The project covers an area of 5,324 hectares (53.2 square kilometers) and is accessible via well-maintained forestry roads [5]. Next Steps - The project is drill-ready, with an airborne spectrometry survey planned to identify the most prospective areas for an initial drill program in 2026 [2][7]. - If the initial drill program is successful, a maiden 43-101 resource estimate could be completed as early as 2028 [2][7]. Option Agreement Details - The option agreement allows the company to acquire a 100% interest in the Moose REE Project through a series of option payments, including an initial issuance of 250,000 common shares [10][18]. - Subsequent payments include $30,000 and 125,000 shares by the first anniversary, $50,000 and 200,000 shares by the second anniversary, and $75,000 and 250,000 shares by the third anniversary [18]. Company Background - Quebec Rare Earth Elements Corp. focuses on the exploration and development of Rare Earth Elements, primarily in Quebec, and is led by a team with extensive mining experience [15].

Core Viewpoint - REE Automotive Ltd. has appointed Hicham Abdessamad as the new Chairman of its Board of Directors, effective December 22, 2025, succeeding Carlton Rose, who will remain on the Board as a member [1][2]. Group 1: Leadership Transition - Hicham Abdessamad has been a member of REE's Board since March 29, 2023, and brings extensive experience in software and digital transformation, as well as advanced mobility technologies [3]. - Carlton Rose, the outgoing Chairman, has provided significant leadership since 2023 and will continue to contribute to the Board's efforts [2][4]. Group 2: Strategic Direction - Abdessamad's expertise aligns with REE's strategic priorities, particularly in software-defined vehicle technology and data-driven software offerings [4]. - The company aims to leverage its innovative vehicle architecture and software capabilities to redefine mobility and achieve a significant global impact [5]. Group 3: Company Overview - REE Automotive specializes in software-defined vehicle (SDV) technology, focusing on managing vehicle operations through proprietary software [6]. - The company's Zonal SDV Architecture enhances vehicle safety, performance, and reliability by centralizing key functions and enabling continuous updates via secured AI [6]. - REE's by-wire technology eliminates mechanical linkages, allowing for flexible design and optimized performance, and the company promotes a "complete not compete" approach to enable OEMs and tech firms to license its technology [6].

Core Viewpoint - Apex Critical Metals Corp. has received approval for its mineral exploration permit at the Rift Rare Earth Project, marking a significant step towards initiating its drilling campaign in Nebraska, USA [1][2]. Company Developments - The company is actively expanding its property position and has completed historical re-logging, re-assaying, and 3D modeling in preparation for the drilling campaign [2]. - The Rift Project now encompasses approximately 3,500 acres within the Elk Creek Carbonatite Complex, an area with extensive historical drilling results from previous operators [2][7]. - Historical drilling results include significant intervals of high-grade rare earth oxide (REO) mineralization, such as 155.5 meters at 2.70% REO and 68.2 meters at 3.32% REO [6][7]. Drilling Program Preparations - With the drill permit secured, Apex has commenced pre-drilling activities, with drilling expected to start in the first half of Q1/2026 [3]. - Preparations include finalizing discussions with contractors, securing drill mobilization schedules, establishing access routes, and refining targets based on historical data [6]. Strategic Positioning - Apex Critical Metals is focused on advancing rare earth element and niobium projects to meet the growing demand for critical and strategic metals in North America [7][9]. - The company is also advancing its 100%-owned Cap Project in British Columbia, which has shown significant niobium discovery potential [8].

Core Viewpoint - REE Automotive Ltd. has been granted a 180-day extension by Nasdaq to meet the $1 minimum bid price requirement for its Class A ordinary shares, now having until June 29, 2026 to regain compliance [1][3]. Compliance Status - Nasdaq notified REE on July 1, 2025, that its Class A ordinary shares had been below $1.00 for 30 consecutive business days, triggering a deficiency under the Minimum Bid Price Requirement [2]. - Following the extension request, Nasdaq confirmed that REE meets all other continued listing criteria, allowing the company to continue trading under the symbol "REE" during the additional compliance period [3]. Compliance Requirements - To regain compliance, REE's ordinary shares must achieve a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days during the additional compliance period [4]. - The company is considering various options to regain compliance, including a potential reverse stock split if necessary [4]. Company Strategy - The company remains focused on executing its strategy and is committed to regaining compliance with Nasdaq's listing requirements [5]. - REE Automotive develops software-defined vehicle (SDV) technology aimed at enhancing vehicle safety, performance, and reliability through its advanced Zonal SDV Architecture [5]. - The technology allows for continuous updates and improvements throughout a vehicle's lifespan, making REE vehicles adaptable to market changes [5].

Core Viewpoint - REE Automotive Ltd. is transitioning to a technology-first approach, focusing on software-defined vehicle (SDV) technologies and partnerships to accelerate market delivery and reduce costs [2][12]. Financial Performance - As of June 30, 2025, the company reported cash and cash equivalents of $54.7 million, down from $72.3 million at the end of 2024 [5]. - The net loss for the six months ended June 30, 2025, was $24.3 million, a decrease of approximately 33% from $36.0 million for the same period in 2024 [12][16]. - Free Cash Flow (FCF) burn increased by 31% from $39.9 million in the first half of 2024 to $52.5 million in the first half of 2025 [5][23]. Cost Management - The company aims to reduce monthly operating expenses from approximately $6 million in the first half of 2025 to an estimated $3.1 to $3.3 million in Q4 2025, with a target of $1.8 million by the end of Q1 2026, representing a 70% reduction [4][12]. Strategic Partnerships - REE converted a memorandum of understanding (MOU) with a leading technology company into a binding agreement to develop a software-defined autonomous public transport shuttle, potentially generating up to $107 million over two years [2][12]. - An MOU was signed with Mitsubishi Fuso Truck and Bus Corporation to explore the application of REE's SDV capabilities in commercial vehicles, with ongoing assessments for future collaboration [2][12]. - A partnership with Cascadia Motion aims to co-develop a next-generation electric drive unit based on REEcorner™ technology, addressing the growing demand for electrification [3][12]. Operational Highlights - The company reported a significant increase in operating expenses, totaling $61.6 million for the first half of 2025, compared to $37.5 million in the same period of 2024 [15][24]. - The operating loss for the first half of 2025 was $76.0 million, compared to $38.8 million in the prior year [16].

Financial Performance - Revenues for the six months ended June 30, 2025, were $184,000, compared to $160,000 for the same period in 2024, reflecting a growth of 15%[6] - Gross loss increased to $14,320,000 for the six months ended June 30, 2025, compared to a gross loss of $1,295,000 in the prior year, indicating a significant deterioration in gross margin[6] - Operating loss for the first half of 2025 was $75,965,000, compared to $38,817,000 for the same period in 2024, representing an increase of 95.7%[6] - Net loss for the six months ended June 30, 2025, was $24,314,000, a decrease from a net loss of $35,970,000 in the same period of 2024, showing an improvement of 32.4%[6] - Total operating expenses rose to $61,645 thousand in 2025 from $37,522 thousand in 2024, reflecting a 64% increase[86] Assets and Equity - Total assets decreased to $89,542,000 as of June 30, 2025, down from $130,280,000 as of December 31, 2024, representing a decline of approximately 31.2%[5] - Cash and cash equivalents decreased to $54,668,000 as of June 30, 2025, down from $72,262,000 at the end of 2024, a reduction of 24.2%[5] - Total shareholders' equity increased to $35,949,000 as of June 30, 2025, up from $23,128,000 as of December 31, 2024, reflecting a growth of 55.1%[5] - Property and equipment, net decreased to $7,135 as of June 30, 2025, from $22,110 as of December 31, 2024, primarily due to impairment charges of $19,748 recorded for long-lived assets[53][55] Cash Flow and Financing - The company incurred negative cash flows from operating activities amounting to $47,853,000 for the six months ended June 30, 2025[17] - REE Automotive Ltd. completed two registered direct offerings in March 2025, generating net proceeds of approximately $34.361 million[16] - The company expects its existing financial resources to fund operations only into the second quarter of 2026 without additional financing[17] - The Company utilized $18,000 under its Credit Facility as of June 30, 2025, with an annual interest rate of 7.83%, down from 8.84% in the previous year[58] Research and Development - Research and development expenses rose to $30,040,000 for the six months ended June 30, 2025, compared to $23,421,000 in the prior year, an increase of 28.1%[6] - The company recorded R&D tax credit benefits of $0 for the six months ended June 30, 2025, down from $5,697,000 in 2024[39] - Research and development expenses for the six months ended June 30, 2025, totaled $29,040 thousand, compared to $29,118 thousand in 2024, indicating a slight decrease[86] Impairment and Legal Matters - The company reported a significant impairment of long-lived assets amounting to $20,080,000 during the first half of 2025[11] - The company recorded impairment charges of long-lived assets totaling $20,080,000 for the six months ended June 30, 2025, compared to zero in 2024[33] - The Company is involved in ongoing legal proceedings, including a lawsuit with OSR Group, which claims damages of no less than $2.6 billion, but the Company believes the claims are without merit[66] Shareholder Information - The weighted average number of ordinary shares used in computing basic and diluted net loss per share increased to 30,043,892 for the six months ended June 30, 2025, compared to 11,934,325 in the same period of 2024[6] - The company conducted two registered direct offerings in March 2025, issuing a total of 8,595,807 Class A Ordinary Shares at a price of $4.25 per share, resulting in gross proceeds of approximately $36,532,000[76] - The company granted 129,186 Restricted Stock Units (RSUs) to employees, with a weighted average grant date fair value of $6.16 per RSU during the six months ended June 30, 2025[77] Future Outlook and Collaborations - The company expects to generate up to approximately $107 million over a two-year development period from a collaboration with a global technology company on autonomous shuttle prototypes[88] - The company entered into a non-binding memorandum of understanding with Mitsubishi Fuso to evaluate and develop software-defined vehicles over an initial one-year period[88] - A non-binding memorandum of understanding was established with BorgWarner for the evaluation and potential commercialization of a next-generation electric drive unit based on REEcorner technology[88]

Core Viewpoint - REE Automotive Ltd. has announced a strategic non-binding Memorandum of Understanding (MOU) with Cascadia Motion to collaborate on the development and commercialization of a next-generation electric drive unit (EDU) that integrates REEcorner technology, aimed at supporting global OEM electrification programs [1][4][6] Group 1: Collaboration Details - The MOU outlines cooperation in manufacturing, commercialization, and sales of the new EDU product, which will be jointly developed by REE and Cascadia Motion [1][2] - REE will grant Cascadia Motion an exclusive, time-limited option to distribute a uniquely packaged EDU that combines Cascadia Motion's iM-125 drive unit with REEcorner technology [2][6] - The collaboration aims to provide a compact, cross-platform EDU designed to accelerate electric vehicle (EV) development for OEMs [2][4] Group 2: Market Insights - The global EDU market is projected to grow at a compound annual growth rate (CAGR) of approximately 9% from 2025 to 2035, with expectations that the market size will double by 2035 due to increased demand for electric vehicles [4][6] - This collaboration positions both companies to offer OEMs a scalable, advanced EDU solution with near-term availability, aligning with the industry's shift towards software-defined vehicle architectures [4][5] Group 3: Technical Specifications - The new EDU will feature a permanent magnet motor with a peak power of 100 kW, peak torque of 3000 Nm, and a maximum continuous power of 57 kW [8] - The EDU will operate at a voltage of 400 V and has a maximum speed of 835 rpm, designed to enhance efficiency and functional safety [8] Group 4: Strategic Vision - The collaboration is seen as a natural progression of a three-year partnership, reinforcing the mission to accelerate the transition to software-defined, by-wire mobility [5] - REE's advanced zonal SDV architecture aims to simplify vehicle design and enhance safety, performance, and reliability, making it adaptable to future market changes [10]

Core Insights - Powermax Minerals Inc. has successfully completed its Phase 2 exploration field program at the Cameron Rare Earth Element (REE) Project in British Columbia, following positive results from Phase 1 that confirmed the presence of rare earth mineralization [1][9]. Phase 2 Fieldwork Summary - The Phase 2 program involved geological mapping, systematic rock sampling, and extensive geochemical surveys, with a total of 100 soil samples, 100 stream sediment samples, and 29 rock samples collected for analysis [2][8]. - Analytical work is being conducted by Agat Laboratories in Calgary, Alberta, which is ISO/IEC 17025:2017 accredited, ensuring quality assurance and control protocols during sample preparation and analysis [8]. - The data from this program will be integrated with previous geological and geophysical results to refine the geochemical model and identify new priority drill targets for future exploration [8]. CEO's Comment - The CEO of Powermax Minerals Inc., Paul Gorman, emphasized that the completion of Phase 2 fieldwork is a significant milestone for the Cameron Project, providing a comprehensive dataset to evaluate rare earth element distribution patterns across the property [9]. About the Cameron REE Project - The Cameron REE Project spans approximately 2,984 hectares in the Kamloops Mining Division, British Columbia, and is located within the Monashee Group, known for hosting REE-bearing pegmatites and carbonatite zones [10]. - Rare earth mineralization in the area is associated with shear zones and structurally controlled pegmatitic intrusions enriched in both light and heavy rare earth elements [10]. About Powermax Minerals Inc. - Powermax Minerals Inc. is a Canadian mineral exploration company focused on advancing rare earth element projects, holding options to acquire multiple properties, including the Cameron REE Property and the Atikokan REE Property in Ontario [12].