Heavy Rare Earths Limited Market and Operations Snapshot | Samarium
Heavy Rare Earths Limited Market and Operations Snapshot
Published on 1/24/2026
Australia
Mining
Heavy Rare Earths, an Australian uranium and rare‑earth explorer, shows strong one‑year returns but remains loss‑making with limited cash.
Heavy Rare Earths Limited (HRE.AX) is an Australian explorer focused on uranium, rare earths and scandium in Western and South Australia, headquartered in Melbourne and incorporated in 2021.
Shares traded at A$0.0520 (+1.96%) with a market cap of A$10.82M and enterprise value of A$8.88M as of Jan. 23, 2026. Intraday range was A$0.0500–0.0520, 52‑week range A$0.0190–0.0670. Volume stood at 208,947 against an average of 328,972.
The company remains at an exploration and development stage with trailing revenue of A$89.7k and a net loss of A$3.22M (diluted EPS -A$0.02). Total cash was A$1.94M, return on assets -135.38% and return on equity -250.17%. Price/Book stood near 5.88. Trailing and forward P/E metrics are not meaningful given negative earnings.
Performance metrics show a one‑year total return of about 85.7% versus the S&P/ASX 200’s ~5.4%, and YTD performance around 4.0%. Peer companies in the uranium and rare‑earth space include Deep Yellow, Boss Energy and Energy Resources of Australia. The company’s profile reflects high exploration upside but ongoing financing and operational risks.
American Rare Earths Limited (ASX: ARR) is a Sydney-based mineral exploration and development company focused on advancing large-scale rare earth projects in the United States to establish a secure, domestic supply chain for critical minerals.