Rare Element Resources REEMF

Rare Element Resources Ltd is an exploration stage company focused on the development of rare earth elements through its Bear Lodge REE Project and associated Demonstration Plant. The company operates primarily in the United States, working to advance extraction and separation technologies for critical minerals. Its core activities include operating the Demonstration Plant to process and separate rare earth elements from high-grade sample materials and pursuing federal and state permitting for the Bear Lodge REE Project. Rare Element Resources Ltd aims to demonstrate the economic viability of its proprietary technology as a precursor to a full-scale production facility. The company does not currently generate revenue from production or sales.

Rare Element Resources Ltd does not generate revenue from product sales or services as it remains in the exploration and development stage. The company has not produced any commercial output or entered into offtake agreements for its rare earth concentrates. Financial support comes from external funding sources, including government grants and equity offerings, rather than operational income. The Company recognized grant income of $400 in June 2026 upon achieving the final milestone under the WEA Funding Agreement. Interest income is earned on invested cash holdings, which increased due to proceeds from the 2026 Rights Offering.

No operational segments are reported.

Rare Element Resources Ltd is positioned as a developer of domestic rare earth processing technology in the United States, seeking to reduce reliance on foreign supply chains, particularly from China. The company competes with other firms pursuing federal funding for critical minerals projects, including those supported by the Department of Energy’s initiatives for rare earth separation and magnet production. Its competitive advantage lies in its proprietary extraction technology demonstrated at the Demonstration Plant, which aims to process rare earths more efficiently and economically than traditional methods. The company benefits from U. S. government policy priorities focused on securing domestic supply chains for defense and clean energy applications.

Rare Element Resources Ltd does not serve commercial customers as it has not yet produced marketable rare earth products. The company’s efforts are directed toward government agencies and potential future industrial users of separated rare earth oxides, particularly neodymium-praseodymium (NdPr) for permanent magnet applications. Engagement includes collaboration with the Department of Energy and participation in federal programs aimed at strengthening the domestic critical minerals supply chain. No specific customer names are disclosed in the filing.