Rare Element Resources Ltd. is a publicly traded, strategic materials company focused on delivering rare earth products for technology, energy, and defense applications by advancing the Bear Lodge Rare Earth Project in northeast Wyoming. Bear Lodge is a significant mineralized district containing many of the less common, more valuable, critical rare earths that are essential for high-strength permanent magnets, electronics, fiber optics, laser systems for medical technology and defense, as well as technologies like electric vehicles, solar panels, and wind turbines.
Company profile
Ticker
REEMF
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
4 Apr 24
10-K
2023 FY
Annual report
19 Mar 24
8-K
Rare Element Resources Announces Appointment of Ken Mushinski
18 Mar 24
8-K
Rare Element Resources Announces Updated Mineral Resource for the Bear Lodge Project Focused on Key Magnet Materials
4 Mar 24
424B1
Prospectus with pricing info
14 Feb 24
EFFECT
Notice of effectiveness
14 Feb 24
S-1/A
IPO registration (amended)
9 Feb 24
CORRESP
Correspondence with SEC
9 Feb 24
S-1/A
IPO registration (amended)
6 Feb 24
CORRESP
Correspondence with SEC
6 Feb 24
Latest ownership filings
3
CRAIG S BARTELS
5 Apr 24
4
Synchron
19 Mar 24
SC 13D/A
Synchron
19 Mar 24
4
PAUL JOSEPH HICKEY
18 Mar 24
4
Gerald W Grandey
18 Mar 24
4
Gerald W Grandey
14 Dec 23
144
Notice of proposed sale of securities
11 Sep 23
3
PAUL JOSEPH HICKEY
22 Aug 23
4/A
Lowell A Shonk
22 Jun 23
4
Gerald W Grandey
6 Jan 23
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 6.78 mm | 6.78 mm | 6.78 mm | 6.78 mm | 6.78 mm | 6.78 mm |
Cash burn (monthly) | 1.56 mm | 1.00 mm | 1.06 mm | 934.67 k | 1.56 mm | 1.00 mm |
Cash used (since last report) | 10.32 mm | 6.63 mm | 7.01 mm | 6.18 mm | 10.35 mm | 6.64 mm |
Cash remaining | -3.54 mm | 144.86 k | -233.86 k | 593.03 k | -3.57 mm | 134.38 k |
Runway (months of cash) | -2.3 | 0.1 | -0.2 | 0.6 | -2.3 | 0.1 |
Institutional ownership, Q3 2022
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 0 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 103.56 mm |
Total shares | 116.37 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Synchron | 116.36 mm | $103.56 mm |
Cypress Capital Management | 14.61 k | $6.00 k |
Bartlett & Co. | 300.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 24 | Paul Joseph Hickey | Common Shares | Grant | Acquire A | Yes | No | 0.12 | 631 | 75.72 | 1,000 |
15 Mar 24 | Paul Joseph Hickey | Common Shares | Grant | Acquire A | No | No | 0.12 | 15,000 | 1.80 k | 25,000 |
15 Mar 24 | Grandey Gerald W | Common Shares | Grant | Acquire A | No | No | 0.12 | 2,783,818 | 334.06 k | 4,772,260 |
15 Mar 24 | Synchron | Common Shares | Buy | Acquire P | No | No | 0.11999999623542647 | 244,383,591 | 29.33 mm | 360,740,516 |
13 Dec 23 | Grandey Gerald W | Common Shares | Option exercise | Acquire M | No | No | 0.07 | 75,000 | 5.25 k | 1,988,442 |
13 Dec 23 | Grandey Gerald W | Stock Option Common Shares | Option exercise | Dispose M | No | No | 0.07 | 75,000 | 5.25 k | 0 |
Press releases
Rare Element Resources Announces Results of Oversubscribed Rights Offering of Common Shares
12 Mar 24
Rare Element Resources Announces Updated Mineral Resource for the Bear Lodge Project Focused on Key Magnet Materials
4 Mar 24
Rare Element Resources Announces Commencement of Rights Offering of Common Shares
14 Feb 24