What changed in REEMF's 10-Q

Demonstration Plant operations formally commenced in March 2026 and are expected to continue for up to 12 months.

the Company now expects full, end-to-end processing operations at the Demonstration Plant to commence in the third quarter of 2026 and continue for up to 12 months.

The Company currently estimates the total cost of the Demonstration Plant from inception, inclusive of operating cost estimates through completion of the Demonstration Plant’s operations phase, to be approximately $77,500.

The Company currently estimates the total cost of the Demonstration Plant from inception, inclusive of operating cost estimates through completion of the Demonstration Plant’s operations phase, to be approximately $82,000.

The remaining $400 of the $4,400 grant total, which is conditioned on Demonstration Plant operations and a report to the WEA, is currently expected to be invoiced in mid-2026.

As of June 30, 2026, the Company had received the full amount of the $4,400 WEA grant.

At March 31, 2026, we had a working capital balance of $48,102

At June 30, 2026, we had a working capital balance of $30,250

In addition, statements of belief and similar statements reflect our beliefs and opinions on the relevant subject.

In addition, statements of belief, expectation, intention, and opinion are based upon information available to us, as applicable, as of the date of this Quarterly Report