TEL AVIV, Israel, Jan. 07, 2026 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), a leading automotive technology company and provider of full by-wire electric vehicle platforms and software-enabled mobility solutions, today announced that Hicham Abdessamad has been appointed Chairman of its Board of Directors, effective December 22, 2025. Mr. Abdessamad succeeds Carlton Rose, who has served as Chairman of the Board since 2023. Mr. Rose will continue to serve as a member of REE’s Board of Directors fol ...

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].

TEL AVIV, Israel, Dec. 30, 2025 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), an automotive technology company that develops software-defined vehicle (SDV) technology and provides full by-wire platforms, today announced financial results for the six months ended June 30, 2025. “Over the past several months, we’ve taken decisive actions intended to accelerate delivery of our software-defined vehicle technologies, improve our cost structure, and strengthen execution. This inc ...

Cascadia Motions (a wholly owned subsidiary of BorgWarner Inc.) to manufacture, commercialize, and sell a new generation of compact electric drive unit (EDU) integrating REEcorner technology with Cascadia Motion for inverter-motor modules OEM programs globally.Drive units expected to be available as off-the-shelf products at CascadiaMotion.comAccording to industry research estimates, the global EDU is projected to double by 2035, growing at a compound annual growth rate (CAGR) of approximately 9% from 2025 ...

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].

Core Insights - Metallium Ltd. has achieved a significant advancement in rare-earth refining, increasing Total Rare Earth Oxides (TREO) from 1.7% to 35.0%, representing an approximate 20% upgrade in a single step flash process [1] - The company has also reported a 53x enrichment of Dysprosium (Dy) and a 21x enrichment of Terbium (Tb) through this new treatment [1] - This development is part of a collaboration with New Frontier Minerals, Ltd., aimed at establishing a Western heavy-rare-earth refining pathway [1] Company Developments - Metallium Ltd. is focused on enhancing its rare-earth refining capabilities through innovative processes [1] - The collaboration with New Frontier Minerals, Ltd. marks a strategic move to strengthen its position in the rare-earth market [1] Industry Implications - The advancements in refining processes could lead to increased competitiveness in the rare-earth sector, particularly in Western markets [1] - The significant enrichment ratios achieved may attract further investment and interest in rare-earth projects [1]

Core Insights - REE Automotive Ltd. has announced a strategic collaboration with Mitsubishi Fuso Truck and Bus Corporation to develop a software-defined vehicle (SDV) using REE's zonal SDV architecture and x-by-wire (XBW) technology [1][2][4] - The collaboration includes a one-year evaluation phase to convert a Mitsubishi Fuso eCanter electric truck into an SDV, allowing Mitsubishi Fuso to assess the benefits of REE's technology for future commercial vehicles [1][4] - This partnership aims to accelerate Mitsubishi Fuso's transition to smarter, safer, and upgradable cloud-connected trucks, with REE potentially serving as a supplier for future vehicle platforms [1][4][2] Company Overview - REE Automotive specializes in software-defined vehicle technology, focusing on managing vehicle operations through proprietary software and advanced zonal architecture [8] - Mitsubishi Fuso, a subsidiary of Daimler Truck AG, has a long history in the commercial vehicle market and is known for its innovations in electrification and automated driving technologies [6][7] - The eCanter, introduced by Mitsubishi Fuso in 2017, is Japan's first mass-produced electric light-duty truck, contributing to CO2 reduction and suited for urban operations [7] Technology and Innovation - REE's zonal architecture simplifies integration and reduces hardware complexity, allowing OEMs to standardize across multiple vehicle platforms while enhancing safety and performance [2][8] - The collaboration will leverage both companies' strengths to create a new industry benchmark for commercial vehicles that support autonomous solutions [2][3] - REE's x-by-wire technology eliminates mechanical linkages, enabling flexible design and optimized performance, which is crucial for the development of next-generation commercial vehicles [3][8]

Core Viewpoint - Locksley Resources, Ltd. has established a research collaboration with Columbia University to enhance the recovery and separation of rare earth elements (REEs) and other critical metals from geological resources in California's Mountain Pass region [1][4]. Group 1: Research Collaboration - The research program will be led by Professor Greeshma Gadikota, a prominent figure in electrochemical and CO-assisted mineral processing technologies [2]. - The collaboration aims to develop an integrated technology platform for advanced characterization, recovery, and separation of REEs and transition metals from various ore types in the Clark Mountain District [3]. Group 2: Strategic Importance - This partnership expands Locksley's U.S. research initiatives in rare earths, complementing existing work with Rice University on antimony, thereby strengthening the technical foundation of its Mine-to-Market strategy [4]. - The combined efforts of Columbia and Rice University support Locksley's advanced processing strategy in the U.S., creating a dual-pathway platform for critical mineral processing [5]. Group 3: Company Focus and Goals - Locksley Resources is focused on critical minerals in the U.S., particularly advancing the Mojave Project, which targets REEs and antimony [6]. - The company is executing a mine-to-market strategy aimed at reestablishing domestic supply chains for critical materials, supported by strategic partnerships with leading U.S. research institutions [6].

Core Points - REE Automotive Ltd. announced the release of a supplement to its proxy statement in connection with a special general meeting of shareholders scheduled for November 13, 2025 [1][2] - The Proxy Statement and the Supplement will be available for review on REE's investor relations website and the U.S. Securities and Exchange Commission website [2] Company Overview - REE Automotive is an automotive technology company focused on developing software-defined vehicle (SDV) technology that manages vehicle operations through proprietary software [3] - The company's advanced Zonal SDV Architecture integrates with legacy systems to enhance vehicle safety, performance, and reliability by centralizing key functions [3] - REE's technology allows for continuous updates and improvements throughout a vehicle's lifespan, making its vehicles adaptable to market changes and designed for future autonomy and connectivity [3] - REE was the first company to FMVSS certify a full by-wire vehicle in the U.S., utilizing proprietary by-wire technology for drive, steer, and brake control [3] - The company operates under the approach of "complete not compete," enabling original equipment manufacturers and technology companies to license its SDV technology for tailored vehicle designs [3]