Is REA diluting shareholders?

Read three numbers together: shares outstanding over time (20.0M as of 2026-08-10), warrants that can convert into new shares (923.8M reported), and how much cash runway remains. A company short on cash with live registrations is structurally likely to issue shares.

Where do these numbers come from?

SEC EDGAR only: the XBRL company-facts API for shares, warrants and cash, and filing metadata for registrations and pricings. Every figure shows its source form, and nothing here is estimated by us beyond the arithmetic stated next to it.

Why might a warrant tranche be missing from the table?

The tranche table is built from the dimensions the company tagged in its own 10-Q or 10-K XBRL. A tranche the filer chose not to dimension does not appear, and its absence proves nothing: the exhibits remain the ground truth. Everything shown carries the filing it came from.

Dilution profile // every instrument, one screen, from SEC filings

Rare Earths Americas, Inc. (REA)

CIK 2095743 · all EDGAR filings →

Overall dilution risk

HIGHworst of 3 computed signals (offering ability)

= the worst band among the computed sub-ratings, no hidden weighting

not every sub-rating was computable; treat as a floor

Offering ability

HIGH$75.0M registered

= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)

registered capacity, not remaining: amounts already taken down are not subtracted yet

Overhead supply

HIGHwarrants = 4630% of O/S

= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)

warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this

Historical dilution

LOW0% O/S in 3y

= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative

Cash need

NOT COMPUTEDrunway not computable from latest facts

= cash vs trailing operating burn

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

Latest: 20.0M shares as of Aug 10, 2026 (10-Q).

Cash runway

Not enough filing data

can’t compute a runway

Full breakdown: cash runway tool · source filing →

Warrants

Warrants outstanding: 923.8M underlying shares, as reported Jun 30, 2026 (10-Q).

Rough fully diluted estimate: 943.7M = 20.0M O/S + 923.8M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

Note	Principal	Carrying	Conv. price	Rate	If converted
Simple Agreements For Future Equity SAF Es	$15.1M	—	$14.54	—	~1.0M sh
BRC Loan Agreement	not tagged	$1.3M	$6.55	—	—

If every note above converted at its tagged price: ~1.0M new shares on 20.0M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.

Notes exactly as the company dimensioned them in its 10-Q filed Aug 11, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding	20.0M	Aug 10, 2026
+ Warrants (aggregate, as tagged) (if exercised)	923.8M	Jun 30, 2026
+ Simple Agreements For Future Equity SAF Es (if fully converted)	1.0M	Dec 31, 2025
Fully diluted estimate	944.8M	+4634.8% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Registered offering capacity on live registrations: $75.0Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1Apr 13, 2026$75.0M registeredfiling →

Last 12 months: 1 executed · 3 registered.

EXECUTEDMay 7, 2026Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4 →

REGISTEREDMay 6, 2026S-1MEF registration — capacity to sell shares, not a sale yetS-1MEF →

EFFECTIVEMay 5, 2026SEC declared a registration effective — selling can beginEFFECT →

REGISTEREDApr 28, 2026S-1/A registration — capacity to sell shares, not a sale yetS-1/A →

REGISTEREDApr 13, 2026S-1 registration — capacity to sell shares, not a sale yetS-1 →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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