Rare Element Resources Announces $30.9 Million Rights Offering for Common Shares

Reuters01-07

Rare Element Resources Announces $30.9 Million Rights Offering for Common Shares

Rare Element Resources Ltd. has announced its intention to launch a rights offering for gross proceeds of approximately US$30.9 million, assuming all subscription rights are exercised. Each holder of the company's common shares as of the record date, January 30, 2026, will receive 0.25 of a non-transferable subscription right for each share owned. The net proceeds from the offering are intended to support the operation and advancement of the company's rare earth processing and separation demonstration plant, the completion of permitting and licensing for the Bear Lodge project, and for general corporate purposes. The rights offering will be conducted under a shelf registration statement in the United States and pursuant to exemptions in Canada. The launch date and other details are yet to be determined.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rare Element Resources Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260106567497) on January 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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