On 24 April Cullinan optioned two packages: Oculus, 2,550 ha in the Letitia Lake–Red Wine district of central Labrador, and Burnt Pond, a Noranda-era VMS play in Newfoundland. Earn-in is C$675k cash, C$700k spend, and up to 5.25 million shares over three years, plus a 2% NSR. That is a real option. It is not a mine.

Oculus has no drilling. The numbers on the website are historical surface chips — 5.67% and 4.55% TREO, nine samples above 1% — from 2010–11 assessment reports on a 1977 thorium showing. HREO in the >1% chips averages about 11%. That is not an HREE deposit. It is a grab in a district.

10 June: name change to Automata Rare Earth Corp., CSE ticker AREE, website rebuilt around NdPr, Dy, Tb, defense, autonomy, robotics. No consolidation. Christopher Huggins had been CEO for four weeks. 14 August: exploration-permit filing for 103 holes at Burnt Pond. Copper-zinc-lead. The rare-earth project still has not been drilled.

CSE last is C$0.18 on about a thousand shares, 10.4 million out, ~19 million fully diluted. CMTNF still prints on the US tape. Some feeds call it OTCQB; some still call it Pink. Either way it is not a listing path. The skip was right about the category. It was wrong that they had no REE ground. Keep it on the desk as the pattern, scored as stalled, and wait for Oculus metres.