Rare earth stocks list
Information only, not investment advice. We describe these companies; we do not recommend them. Rare earth shares are volatile and many explorers never reach production.
Rare earth stocks are shares in companies that mine rare earth elements, separate them into oxides, or turn them into the metals and magnets used in electric motors and wind turbines. The list below has 71, listed on 8 exchanges.
By listing: ASX 31, TSXV 12, CSE 12, Nasdaq 6, LSE 4, TSX 3, NYSE American 2, NYSE 1. The list is weighted heavily toward developers and explorers, with only a few producers at the top. Few companies outside China mine and separate rare earths at scale, so each new separation plant or magnet factory draws attention.
Which rare earth stocks have projects in Canada?
18 companies on the list have a rare earth project or plant in Canada, and 27 are listed on a Canadian exchange (TSX, TSX Venture or CSE). Many Canadian-listed companies explore abroad, in Brazil, Namibia or the United States, so the two groups overlap only in part. None of them mines rare earths yet: the U.S. Geological Survey reports no Canadian mine production in 2025.
| Company | Ticker | Project locations | Stage |
|---|---|---|---|
| Geomega Resources Inc. | TSXV: GMA | Boucherville/Saint-Bruno area, Quebec; Montviel property near Lebel-sur-Quevillon, Quebec | Refiners |
| Ucore Rare Metals Inc. | TSXV: UCU | Alexandria, Louisiana, USA; Kingston, Ontario (demo plant) | Refiners |
| REalloys Inc. | Nasdaq: ALOY | United States / Ohio (Euclid); Canada / Saskatchewan (Hoidas Lake) | Magnet makers |
| Defense Metals Corp. | TSXV: DEFN | Canada / British Columbia | Developers |
| Appia Rare Earths & Uranium Corp. | CSE: API | Northern Saskatchewan, Canada; Goias, Brazil | Advanced explorers |
| Avalon Advanced Materials Inc. | TSX: AVL | Thor Lake, Northwest Territories, Canada | Advanced explorers |
| Mont Royal Resources Limited | TSXV: MRZL | Nunavik, Quebec, Canada | Advanced explorers |
| Nordique Critical Metals Inc. | TSXV: NQC | Cote-Nord, Quebec, Canada | Advanced explorers |
| Search Minerals Inc. | TSXV: SMY | Southeastern Labrador, Canada | Advanced explorers |
| Vital Metals Ltd | ASX: VML | Canada / Northwest Territories | Advanced explorers |
| Volta Metals Ltd. | CSE: VLTA | Near Sturgeon Falls / Sudbury, Ontario, Canada | Advanced explorers |
| Automata Rare Earth Corp. | CSE: AREE | Canada / Newfoundland and Labrador | Early explorers |
| CAT Strategic Metals Corporation | CSE: CAT | Canada / Quebec | Early explorers |
| NeoTerrex Minerals Inc. | TSXV: NTX | Nunavik, Quebec, Canada | Early explorers |
| New Earth Resources Corp. | CSE: EATH | Canada / Newfoundland and Labrador | Early explorers |
| NiobiumX Mining Inc. | CSE: NIOX | Canada / Quebec | Early explorers |
| North American Niobium and Critical Minerals Corp. | CSE: NIOB | Canada / Quebec | Early explorers |
| Quebec Rare Earth Elements Corp. | CSE: QREE | Canada / Quebec | Early explorers |
Which companies already produce rare earths?
A rare earth producer is a company that mines rare earths now and sells either a mixed concentrate or separated oxides. 3 companies.
| Company | Ticker | Flagship project | Location | Deposit |
|---|---|---|---|---|
| Lynas Rare Earths | ASX: LYC | Mt Weld (plus Kalgoorlie and Malaysia processing) | Australia, Western Australia | carbonatite (laterite-enriched) |
| MP Materials Corp. | NYSE: MP | Mountain Pass | United States / California | |
| USA Rare Earth, Inc. | Nasdaq: USAR | Stillwater magnet plant (ramping up); Serra Verde, Pela Ema (Brazil); Round Top (exploration); Less Common Metals (UK) | Stillwater, Oklahoma, USA; Goias, Brazil; Hudspeth County, Texas, USA; Cheshire, UK | ionic clay |
Which companies separate or refine rare earths?
Separation plants split a mixed concentrate into individual oxides. Outside China there are few of them, which makes this group small. 4 companies.
| Company | Ticker | Flagship project | Location | Deposit |
|---|---|---|---|---|
| Energy Fuels Inc. | NYSE American: UUUU | White Mesa Mill (REE separation); Donald JV; Toliara | United States / Utah | monazite sands |
| Geomega Resources Inc. | TSXV: GMA | Rare earth magnet recycling demonstration plant (ISR technology); Montviel REE-niobium carbonatite property | Boucherville/Saint-Bruno area, Quebec; Montviel property near Lebel-sur-Quevillon, Quebec | Carbonatite (Montviel) |
| Iluka Resources | ASX: ILU | Eneabba Rare Earths Refinery | Australia, Western Australia | monazite (mineral sands) |
| Ucore Rare Metals Inc. | TSXV: UCU | Louisiana Strategic Metals Complex (RapidSX rare earth separation); Bokan-Dotson Ridge project (Alaska) | Alexandria, Louisiana, USA; Kingston, Ontario (demo plant) |
Which companies make rare earth metals and magnets?
Metal and magnet makers turn separated oxides into metal and alloy, and press that into finished permanent magnets. 2 companies.
| Company | Ticker | Flagship project | Location | Deposit |
|---|---|---|---|---|
| Neo Performance Materials Inc. | TSX: NEO | Narva rare earth magnet plant (Estonia); Sillamae rare earth separation facility; Magnequench magnetic powders | Narva and Sillamae, Estonia; plus China, Thailand, North America | |
| REalloys Inc. | Nasdaq: ALOY | Euclid heavy rare earth metallization facility; Hoidas Lake deposit | United States / Ohio (Euclid); Canada / Saskatchewan (Hoidas Lake) |
Which rare earth projects are in development?
A rare earth developer has a defined deposit and an engineering study, and is working on financing, permits and a construction decision. 19 companies.
| Company | Ticker | Flagship project | Location | Deposit |
|---|---|---|---|---|
| Aclara Resources Inc. | TSX: ARA | Carina Module (Brazil) and Penco Module (Chile), plus planned Louisiana heavy rare earth separation plant | Goias, Brazil; Biobio, Chile; Vinton, Louisiana, USA | Ionic clay (heavy rare earths) |
| Arafura Rare Earths | ASX: ARU | Nolans | Australia, Northern Territory | apatite-hosted (phosphate) hard rock |
| Astron Corporation | ASX: ATR | Donald Rare Earth and Mineral Sands | Australia, Victoria | mineral sands (monazite/xenotime) |
| Australian Rare Earths | ASX: AR3 | Koppamurra | Australia, South Australia | ionic clay (clay-hosted) |
| Brazilian Critical Minerals | ASX: BCM | Ema | Brazil, Amazonas | ionic clay (ISR) |
| Critical Metals Corp. | Nasdaq: CRML | Tanbreez | Greenland / Kujalleq (South Greenland) | alkaline intrusive (eudialyte) |
| Defense Metals Corp. | TSXV: DEFN | Wicheeda Rare Earth Project | Canada / British Columbia | |
| Hastings Technology Metals | ASX: HAS | Yangibana | Australia, Western Australia | ironstone/carbonatite-related |
| Leading Edge Materials Corp. | TSXV: LEM | Norra Karr Heavy Rare Earth Elements Project | South-central Sweden (Jonkoping County) | |
| Lindian Resources | ASX: LIN | Kangankunde | Malawi, Southern Region | carbonatite (monazite) |
| Meteoric Resources | ASX: MEI | Caldeira | Brazil, Minas Gerais | ionic clay |
| Mkango Resources Ltd. | TSXV: MKA | Songwe Hill rare earths project; Pulawy separation plant; HyProMag magnet recycling | Malawi; Pulawy, Poland; UK/Germany/USA (recycling) | Carbonatite |
| Namibia Critical Metals Inc. | TSXV: NMI | Lofdal Heavy Rare Earths Project | Kunene Region, northwestern Namibia | Carbonatite-related xenotime (heavy REE: Dy, Tb) |
| NioCorp Developments Ltd. | Nasdaq: NB | Elk Creek Critical Minerals Project | United States / Nebraska | |
| Northern Minerals | ASX: NTU | Browns Range | Australia, Western Australia | xenotime (heavy REE) hard rock |
| Pensana plc | LSE: PRE | Longonjo | Angola / Huambo | |
| Rainbow Rare Earths Ltd | LSE: RBW | Phalaborwa | South Africa / Limpopo | phosphogypsum (by-product stacks) |
| VHM Limited | ASX: VHM | Goschen | Australia, Victoria | mineral sands (monazite/xenotime) |
| Viridis Mining and Minerals | ASX: VMM | Colossus | Brazil, Minas Gerais | ionic clay |
Which explorers have a resource estimate?
An advanced explorer has drilled enough to publish a mineral resource estimate, and many have an early economic study as well. 27 companies.
| Company | Ticker | Flagship project | Location | Deposit |
|---|---|---|---|---|
| American Rare Earths | ASX: ARR | Halleck Creek | United States, Wyoming | allanite-bearing hard rock (granitic) |
| Apex Critical Metals Corp. | CSE: APXC | Rift Rare Earth Project (Trinity Zone) | Southeastern Nebraska, USA | |
| Appia Rare Earths & Uranium Corp. | CSE: API | Alces Lake REE property; PCH ionic adsorption clay project (Brazil) | Northern Saskatchewan, Canada; Goias, Brazil | Monazite-hosted (Alces Lake); ionic adsorption clay (PCH) |
| Avalon Advanced Materials Inc. | TSX: AVL | Nechalacho rare earth project (Basal Zone) | Thor Lake, Northwest Territories, Canada | Peralkaline intrusion-hosted (Blachford Lake complex) |
| Axel REE | ASX: AXL | Caladao | Brazil, Minas Gerais | ionic clay |
| Brazilian Rare Earths | ASX: BRE | Rocha da Rocha (Monte Alto) | Brazil, Bahia | monazite-rich hard rock and regolith (ionic clay) |
| Cobra Resources plc | LSE: COBR | Boland ionic rare earth project | Australia / South Australia (Wudinna) | ionic clay (ISR-amenable) |
| Critica Limited | ASX: CRI | Jupiter | Australia, Western Australia | clay-hosted |
| Dreadnought Resources Ltd | ASX: DRE | Mangaroon (Yin Ironstone Complex) Rare Earths Project | Australia / Western Australia | ironstone/carbonatite |
| Energy Transition Minerals | ASX: ETM | Kvanefjeld | Greenland, Kujalleq | alkaline intrusion (Ilimaussaq) |
| Heavy Rare Earths | ASX: HRE | Subron (formerly Cowalinya) | Australia, Western Australia | clay-hosted |
| Ionic Rare Earths | ASX: IXR | Makuutu (60%) / Belfast magnet recycling | Uganda, Eastern Region | ionic clay |
| Mont Royal Resources Limited | TSXV: MRZL | Ashram Rare Earths & Fluorspar Project | Nunavik, Quebec, Canada | Carbonatite, monazite-hosted |
| Mount Ridley Mines Limited | ASX: MRD | Grass Patch (Mt Ridley) Heavy Rare Earths Project | Australia / Western Australia | regolith-hosted phosphate (xenotime, crandallite, monazite) |
| NeoTerra Group PLC (formerly Altona Rare Earths) | LSE: TERA | Monte Muambe | Mozambique / Tete | |
| Nordique Critical Metals Inc. | TSXV: NQC | Kwyjibo Rare Earth Project (option to earn up to 80%) | Cote-Nord, Quebec, Canada | |
| OD6 Metals | ASX: OD6 | Splinter Rock | Australia, Western Australia | clay-hosted |
| Ramaco Resources, Inc. | Nasdaq: METC | Brook Mine | United States / Wyoming | coal-hosted (carbonaceous clays and mineralized coal) |
| RareX | ASX: REE | Cummins Range | Australia, Western Australia | carbonatite |
| ReeXploration Inc. | TSXV: REE | Eureka Project | Central Namibia (Erongo) | Monazite-bearing (carbonatite-related) REE; plus leucogranite uranium target |
| Resouro Strategic Metals Inc. | TSXV: RSM | Tiros Rare Earth and Titanium Project | Minas Gerais, Brazil | Sedimentary-hosted REE-titanium (TiO2) deposit |
| Search Minerals Inc. | TSXV: SMY | Deep Fox and Foxtrot critical REE project (Port Hope Simpson - St. Lewis CREE District); Red Wine CREE District | Southeastern Labrador, Canada | Peralkaline volcanic-hosted REE-Zr-Hf |
| St George Mining | ASX: SGQ | Araxa | Brazil, Minas Gerais | carbonatite (REE-niobium) |
| Tactical Resources Corp. | Nasdaq: TREO | Peak Project (Sierra Blanca Quarry) | United States / Texas | hard-rock (direct-leach) |
| Victory Metals | ASX: VTM | North Stanmore | Australia, Western Australia | clay-hosted (secondary phosphate-hosted heavy REE) |
| Vital Metals Ltd | ASX: VML | Nechalacho (Tardiff deposit) | Canada / Northwest Territories | |
| Volta Metals Ltd. | CSE: VLTA | Springer rare earth-gallium deposit | Near Sturgeon Falls / Sudbury, Ontario, Canada | Carbonatite/alkaline-complex hosted REE-Ga |
Which companies are at early exploration?
An early explorer is still drilling to work out the size and grade of a deposit, and most never reach production. 16 companies.
| Company | Ticker | Flagship project | Location | Deposit |
|---|---|---|---|---|
| Alvo Minerals Limited | ASX: ALV | Bluebush Heavy Rare Earth Project | Brazil / Goiás | ionic clay |
| Automata Rare Earth Corp. | CSE: AREE | Oculus Rare Earth Element Project | Canada / Newfoundland and Labrador | |
| CAT Strategic Metals Corporation | CSE: CAT | District-scale REE project near Kuujjuaq (Nunavik) | Canada / Quebec | |
| Enova Mining Limited | ASX: ENV | Poços de Caldas Project | Brazil / Minas Gerais | ionic clay |
| Gold Mountain Limited | ASX: GMN | Down Under Rare Earths Project | Brazil / Bahia | |
| Idaho Strategic Resources, Inc. | NYSE American: IDR | Lemhi Pass / Diamond Creek REE-Th projects | United States / Idaho | thorium-REE (Idaho REE-Th Belt) |
| Kaili Resources Limited | ASX: KLR | Mallee Project (Coodalya REE) | Australia / South Australia | ionic clay |
| Meryllion Resources Corporation | CSE: MYR | Tasmania ionic adsorption clay rare earth project | Northeastern Tasmania, Australia | Ionic adsorption clay |
| Narryer Metals Limited | ASX: NYM | Rocky Gully Scandium-Gallium-REE Project | Australia / Western Australia | |
| NeoTerrex Minerals Inc. | TSXV: NTX | Strange Lake West rare earth project | Nunavik, Quebec, Canada | Peralkaline granite-related (Strange Lake district) |
| New Earth Resources Corp. | CSE: EATH | Red Wine Rare Earth Project | Canada / Newfoundland and Labrador | |
| NiobiumX Mining Inc. | CSE: NIOX | Shipshaw Property (niobium-REE) | Canada / Quebec | carbonatite |
| North American Niobium and Critical Minerals Corp. | CSE: NIOB | Grenville Province niobium-REE portfolio (Seigneurie, Kanawata) | Canada / Quebec | alkaline / carbonatite-related (ijolite-carbonatite intrusion at Kanawata) |
| Origen Resources Inc. | CSE: ORGN | Picos Rare Earth Project | Brazil / Piaui | |
| Quebec Rare Earth Elements Corp. | CSE: QREE | Moose REE Project | Canada / Quebec | alkaline intrusion / possible carbonatite-related (nepheline syenites in 7 km circular magnetic anomaly) |
| Spark Energy Minerals Inc. | CSE: SPRK | Arapaima gallium-rare earth project | Brazil |
Stage is our reading of each company's most recent disclosures. Companies sit under their primary listing; many also trade over the counter in the United States. Deposit type is shown only where the company's own disclosure states it. Missing a company? Tell us.
Where are rare earths mined?
China mined about 270,000 of the world's 390,000 tonnes of rare earth oxide in 2025, roughly 69%, according to the U.S. Geological Survey. The United States came a distant second at 51,000 tonnes, led by the Mountain Pass mine in California. Reserves are spread more widely: Brazil holds an estimated 11 million tonnes but mined only about 2,000 tonnes in 2025.
| Country | Mine production 2025 (t REO) | Reserves (t REO) |
|---|---|---|
| China | 270,000 | 44,000,000 |
| United States | 51,000 | 1,900,000 |
| Australia | 29,000 | 6,300,000 |
| Burma | 22,000 | not reported |
| Thailand | 4,800 | not reported |
| Madagascar | 2,700 | not reported |
| Brazil | 2,000 | 11,000,000 |
| Canada | 0 | 830,000 |
| World (rounded) | 390,000 | more than 75,000,000 |
REO is rare earth oxide equivalent. Figures are U.S. Geological Survey estimates, Mineral Commodity Summaries 2026.
Why do China's export controls move these stocks?
China's export rules set how much rare earth material the rest of the world can buy. In April 2025 it put controls on seven elements, dysprosium and terbium among them. Those two heavy rare earths are what let a magnet keep working when it gets hot. China widened the controls in October, then paused that October expansion for a year in November. The April rules stayed in force. Those rules are the main reason buyers outside China are looking for other suppliers of dysprosium and terbium.
What do rare earths sell for?
NdPr oxide, the main raw material for permanent magnets, averaged US$69 a kilogram in 2025, up from US$55 in 2024, though nowhere near the US$124 average of 2022, based on USGS figures. A deposit's value depends on its mix of elements, so company reports usually give the NdPr, dysprosium and terbium content alongside the total grade.
Where can I learn how the rare earth industry works?
Our guide What Are Rare Earth Elements? is the place to start. It explains the 17 elements, how they get from a mine to a magnet and why China's rules matter, and it links to every other rare earth guide on the site.
Rare earth stocks: frequently asked questions
What are rare earth stocks?
Rare earth stocks are shares in companies that explore for, mine, separate or manufacture products from rare earth elements. They range from producers such as Lynas and MP Materials to early-stage explorers that have not yet defined a deposit.
Which country produces the most rare earths?
China. The U.S. Geological Survey estimates China mined 270,000 tonnes of rare earth oxide in 2025, out of a world total of about 390,000 tonnes. The United States was second at 51,000 tonnes.
Which rare earths matter most for magnets?
Neodymium and praseodymium, usually sold together as NdPr oxide, form the bulk of a permanent magnet. Small amounts of dysprosium and terbium are added so magnets keep working at high temperatures, which makes those two heavy rare earths especially valuable.
Does Canada produce rare earths?
Not from mines at the moment. The U.S. Geological Survey reports no Canadian rare earth mine production in 2025, although Canada holds an estimated 830,000 tonnes of reserves and several Canadian-listed companies are developing projects.
Sources
- U.S. Geological Survey, Mineral Commodity Summaries 2026: Rare earths
- U.S. Geological Survey, final 2025 list of critical minerals
- Company listings and stages: each company's own disclosures and exchange pages, checked Oct 6, 2026.