Rare Element Resources Ltd.
1.1500+0.01 (+0.88%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCQB · REEMF · USD
Key Stats
Market Cap
593.55MP/E (TTM)
-Basic EPS (TTM)
-0.03Dividend Yield
0%Recent Filings
8-K
COO retires; board elected
Rare Element Resources announced COO Jaye Pickarts' retirement effective December 31, 2025, with no disagreements on operations or policies. At the September 9 annual meeting, shareholders elected the full seven-director slate amid 82.5% turnout and ratified Haynie & Company as auditors. Smooth transitions preserve continuity. Leadership changes like this test succession planning.
10-Q
Q2 FY2025 results
Rare Element Resources narrowed its net loss to $1.2M in Q2 2025 from $6.2M a year earlier, while the six-month loss eased to $3.6M from $9.8M, thanks to lighter exploration spending as the Demonstration Plant shifted from construction to testing. Operating expenses dropped 78% year-over-year to $1.4M in the quarter (derived), with interest income of $261 partially offsetting costs. Cash burned $3.5M in operations, leaving $23.1M on hand at quarter-end, bolstered by prior rights offering proceeds and $4M in WEA grants collected; the DoE's $24.2M commitment covers half the now-$66M+ project tab. Design snags pushed commissioning to late 2025, but EXIM Bank's $553M interest signals funding paths. Losses remain steady. China's export curbs tighten supply risks.
10-Q
Q1 FY2025 results
Rare Element Resources narrowed its Q1 net loss to $2.4M from $3.6M a year earlier, thanks to lighter exploration spending on the Demonstration Plant as construction wrapped up. Operating expenses fell 26% year-over-year to $2.7M, while interest income jumped to $284K from higher cash balances post-rights offering. Cash burned $2.3M in operations, leaving $24.4M on hand at quarter-end, with no debt but looming cost overruns pushing the plant budget past $66M. Delays from equipment snags mean processing won't kick off until Q4 2025. Solid liquidity buys time. Yet China's grip on rare earth supply chains keeps prices volatile.
10-K
FY2024 results
Rare Element Resources posted a $18.5M net loss for FY2024 ended December 31, 2024, up from $9.0M in 2023, driven by $18.5M in exploration costs tied to the Demonstration Plant's construction and commissioning, while corporate administration dipped slightly to $2.7M. Q4 spending accelerated with $9.0M in project costs (derived from annual totals), reflecting momentum toward mid-2025 operations expected to yield up to 10 tons of NdPr oxide from Bear Lodge samples, validating proprietary separation tech amid rising REE demand. Cash burn eased to $10.6M annually, bolstered by $35.8M from a March rights offering, leaving $26.7M in liquidity to fund operations through Q4 2025. No dividends or buybacks; capex stayed minimal at $1.5M for land repurchase. The Demonstration Plant's success hinges on securing further funding for Bear Lodge commercialization. Yet permitting delays loom large. Momentum builds.
8-K
Ethics code revised
Rare Element Resources Ltd. updated its Code of Business Conduct and Ethics on December 11, 2024, to sharpen compliance rules for employees and directors, even in home offices. Key tweaks mandate public disclosure of any waivers on the OTCQB Venture Marketplace, stress reporting unsafe conditions, and bar conflicting outside activities. The revised code, filed as Exhibit 14.1, reinforces ethical standards amid regulatory demands. No business disruptions noted.
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