Just read the file using file(), and you will get an array containing each line of the file.
$emails = file('tmp/emails.txt');
, FILE_IGNORE_NEW_LINES, FILE_SKIP_EMPTY_LINES:
$emails = file('tmp/emails.txt', FILE_IGNORE_NEW_LINES | FILE_SKIP_EMPTY_LINES);
var_dump($emails) :
array(2) {
[0]=>
string(13) "test@test.com"
[1]=>
string(14) "test2@test.com"
}