RARE ELEMENT RESOURCES LTD
REEMF · Gold and Silver Ores · 645.4M shares · +31%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$557K (gross -$595K, SBC -$38K)
Reference price $24,035,774.40 · est. market cap ~$15511.9T — last insider purchase, 2026-03-10 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D49Well-funded but pre-revenue rare-earth developer with continuing losses and ongoing funding dependence.
Strengths
- Strong liquidity: $19.3M cash, current ratio 14.2 (82nd pct), bolstered by a ~$30.5M March 2026 rights offering
- Strategic Bear Lodge REE project with DoE/WEA cost-share support; net loss narrowed sharply YoY
Risks
- No revenue, ROA -20%, ROE -22%; Demonstration Plant only commenced operations in early 2026 after rework/cost overruns
- Management states additional financing is still required to build the Bear Lodge project; commercialization remains unproven
Notable findings
- Chronic dilutionShare count +31%/yr over 4y (dilution, book value/share -68%)
- Insider buyingInsider buying — 2 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, ~$4814320.4B, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
-22.0%
Return on assets
-20.3%
Current ratio
14.2×
Tangible book value
$22M
Cash & investments
$19M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-10 | Synchron | Buy | 100.1M | $24,035,774.40 |
| 2026-03-10 | BLUE JAMES N | Buy | 100.1M | $24,035,774.40 |
| 2026-03-04 | HICKEY PAUL JOSEPH | Grant | 6.9K | $0.24 |
| 2026-03-04 | HICKEY PAUL JOSEPH | Grant | 277 | $0.24 |
| 2026-03-04 | HICKEY PAUL JOSEPH | Grant | 6.2K | $0.24 |
| 2026-03-04 | HICKEY PAUL JOSEPH | Grant | 250 | $0.24 |
| 2026-03-04 | Grandey Gerald W | Grant | 1.2M | $0.24 |
| 2025-02-13 | Grandey Gerald W | Option exercise | 150K | $0.83 |
| 2025-02-13 | Grandey Gerald W | Tax withheld | 141K | $0.88 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-02-06 | OtherExhibits | filing ↗ |
| 2026-01-06 | OtherExhibits | filing ↗ |
| 2025-09-12 | Exec/director changeShareholder vote | filing ↗ |
| 2024-12-13 | 5.05Exhibits | filing ↗ |
| 2024-10-25 | Acquisition/disposition3.02Other | filing ↗ |
| 2024-10-02 | Exec/director changeExhibits | filing ↗ |
| 2024-08-22 | Shareholder vote | filing ↗ |
| 2024-07-02 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-13 | 2026-03-31 | 0001419806-26-000008 ↗ |
| 10-K | 2026-03-12 | 2025-12-31 | 0001419806-26-000004 ↗ |
| 8-K | 2026-02-06 | 2026-02-06 | 0001104659-26-011274 ↗ |
| 8-K | 2026-01-06 | 2026-01-06 | 0001104659-26-001387 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0001419806-25-000019 ↗ |
| 8-K | 2025-09-12 | 2025-09-08 | 0001419806-25-000015 ↗ |
| 10-Q | 2025-08-06 | 2025-06-30 | 0001419806-25-000011 ↗ |
| 10-Q | 2025-05-13 | 2025-03-31 | 0001419806-25-000008 ↗ |
| 10-K | 2025-03-21 | 2024-12-31 | 0001419806-25-000004 ↗ |
| 8-K | 2024-12-13 | 2024-12-11 | 0001419806-24-000030 ↗ |
| 10-Q | 2024-11-06 | 2024-09-30 | 0001419806-24-000026 ↗ |
| 8-K | 2024-10-25 | 2024-10-25 | 0001419806-24-000023 ↗ |