REEMF
Rare Element Resources Ltd.0.8800
-0.0200-2.22%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
454.20MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
10-Q
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.
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