Rare Element Resources’ Oversubscribed Rights Offering Raises US$30.9M, Issues 129M Shares

Reuters06:00

Rare Element Resources Ltd. said its previously announced rights offering of common shares expired on March 4, 2026 and was oversubscribed, raising about US$30.9 million in gross proceeds. The company expects to issue about 129 million new common shares at US$0.24 per share by March 10, 2026, with oversubscription shares allocated pro rata and excess payments returned.

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: 20260305966096) on March 05, 2026, and is solely responsible for the information contained therein.

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