Past year: ▼ 18%(39.0c – 1.14 USD)
Each one in plain English, with the numbers worked through for a shareholder.
25 Oct 2024asset acquisition disposition▲ GoodMajor
Exercised its option to buy back the 640 acres it sold to Whitelaw Creek in 2016, paying 5 million shares plus $1.507 million cash to reclaim land needed for the Bear Lodge stockpile facility as the project advances toward production.
4 Mar 2024resource reserve update▲ GoodMajor
Published a new S-K 1300 mineral resource estimate for Bull Hill deliberately refocused on the magnet-material elements (neodymium, praseodymium, terbium, dysprosium) using a higher-grade, smaller-pit design — a strategic pivot toward the highest-value rare earths as the demonstration plant that will process them is under construction in Upton, Wyoming, under new CEO Brent Berg.
9 June 2023material agreement▲ GoodMajor
Finalized a $4.4 million grant from the Wyoming Energy Authority to help fund the rare-earth demonstration plant, adding state-level backing alongside the federal DOE award.
29 Sept 2022auditor change● Neutral
Engaged Haynie & Company as its new independent auditor, completing the transition begun with BDO's August resignation.
4 Aug 2022auditor change● Neutral
Auditor BDO resigned, effective after the Q3 2022 10-Q; its reports for FY2020-2021 were clean with no going-concern qualification.
2 Dec 2021debt financing▲ GoodMajor
Agreed to fund its share of a U.S. Department of Energy-backed rare-earth separation and processing demonstration plant near Bear Lodge, assuming General Atomics' 50% cost-share obligation under a $44 million DOE cooperative agreement (up to $21.9 million in federal funding) — a major validation, contingent on completing a $25 million rights offering.
27 Oct 2021capital raising announcement▲ Good
Extended its option to repurchase the 640 acres sold to Whitelaw Creek in 2016 by up to three more years (paying $25,000/year to keep it alive), while the repurchase price rose to $1.2-1.85 million — signaling renewed intent to reclaim the land as the project advances.
14 Oct 2021capital raising announcement▲ GoodMajor
Synchron — now the company's largest shareholder at 48.3% — loaned it $1 million at 8% interest to cover costs of an in-progress rights offering and early work on a planned rare-earth separation and processing demonstration plant near Bear Lodge, a related-party transaction approved with Synchron's own board designees abstaining.
21 Oct 2020auditor change● Neutral
Switched auditors again, from Plante Moran to BDO USA; no disagreements, and the FY2018 going-concern qualification was confirmed alleviated by the FY2019 report.
5 Oct 2018auditor change▲ Good
Auditor EKS&H merged into Plante & Moran, which took over as the company's accountant; separately confirmed that the prior year's going-concern doubt had since been resolved.
3 Oct 2017asset acquisition disposition▲ GoodMajor
Closed the General Atomics investment: its affiliate Synchron paid $4.752 million for a 33.5% stake plus an option toward 49%, gained two board seats and minority-protection voting rights, and took rights to the company's REE separation technology — resolving the financing crisis, though the project remained on a care-and-maintenance program.
21 Aug 2017capital raising announcement▲ GoodMajor
Signed a term sheet for a strategic investment by General Atomics: $4.75 million for a 33.5% stake, an option to reach 49%, and rights to the company's rare-earth processing and separation technology — a potential lifeline after years of financial distress.
26 Oct 2016asset acquisition disposition▼ BadMajor
Sold 640 acres of non-core land near Bear Lodge (eyed for a future ore-stockpile site) to Whitelaw Creek LLC for $600,000 cash, retaining a right to buy it back later for $900,000-$1 million — a liquidity-raising move consistent with the company's post-delisting financial strain.
16 Feb 2016listing compliance notice▼ BadMajor
RARE ELEMENT RESOURCES LTD's securities were notified for removal from listing and registration on its exchange.
2 Feb 2016listing compliance notice▼ BadMajor
Voluntarily delisted from the NYSE MKT exchange and moved to the OTC Pink marketplace, a downgrade reflecting the company's weakened financial position amid the prolonged rare-earth price slump.
27 Apr 2015material agreement▼ Bad
Raised $3.4 million in a registered direct offering at $0.65/unit — a fraction of the roughly $3/unit institutional investors paid in 2013 — reflecting the rare-earth price collapse and the stock's steep decline.
29 Aug 2014resource reserve update▲ GoodMajor
Updated the Bear Lodge Pre-Feasibility Study with a smaller, cheaper design (initial capital cut from $375 million to $290 million) that still delivered a $330 million after-tax NPV and 29% IRR — a deliberate scale-down to stay viable through a weak rare-earth pricing environment, with an expanded 40+ year resource base.
27 Sept 2013material agreement▲ GoodMajor
Raised $8 million in a registered offering to institutional investors (plus an option for $4 million more), with participation rights in future financings — capital to keep advancing Bear Lodge toward a bankable feasibility study.
9 Nov 2012security holder rights change● Neutral
Adopted an Advance Notice Policy requiring shareholders to give the board advance notice before nominating director candidates — a standard governance measure, not tied to any known activist challenge.
11 May 2012resource reserve update▲ Good
Raised its measured-and-indicated resource a further 10% to 7.5 million tons, with inferred resources up 61%, continuing the steady expansion of the Bear Lodge deposit.
17 Apr 2012resource reserve update▲ Good
Filed the formal NI 43-101 technical report backing the March pre-feasibility study's reserve and resource figures for the Bull Hill mine.
5 Mar 2012resource reserve update▲ GoodMajor
Delivered a positive Pre-Feasibility Study for Bear Lodge: technically feasible with robust returns, life-of-mine capital costs estimated at $445.9 million, clearing the way toward a bankable feasibility study.
2 Mar 2012drilling result▲ GoodMajor
Reported the best gold drilling results in the district's history from its Sundance Gold Project — which surrounds the Bull Hill REE deposit on the same Bear Lodge property — including a new high-grade discovery at the Smith target.
17 Feb 2012auditor change● Neutral
Switched auditors from DeVisser Gray to Ehrhardt Keefe Steiner & Hottman (EKS&H); no disagreements were reported.
6 Jan 2012resource reserve update▲ GoodMajor
Raised its Bull Hill measured-and-indicated resource 38% to 6.8 million tons at 3.75% rare-earth oxide, with total contained REO across all deposits up 26% to 1.83 billion pounds, feeding into the pre-feasibility study due in Q1 2012.
15 Nov 2011drilling result● Neutral
A second 8-K, filed two weeks later, re-disclosed the identical October 27, 2011 drilling-results press release already reported on November 2 — a duplicate filing rather than new information.
2 Nov 2011drilling result▲ GoodMajor
Reported initial 2011 drilling results from 21 holes at Bear Lodge: strong rare-earth intercepts at Bull Hill and Whitetail Ridge, plus a new discovery at East Taylor where rare earths and gold overlap in the same holes.
8 Sept 2011resource reserve update▲ GoodMajor
Completed bench-scale metallurgical testing on high-grade rare-earth vein material from the Bull Hill deposit at its Bear Lodge project in Wyoming, predicting 80-85% REO recovery and moving into pilot-plant testing — the technical basis for a coming pre-feasibility study.
17 Aug 2010listing compliance notice▲ GoodMajor
the New York Stock Exchange certified RARE ELEMENT RESOURCES LTD's securities for listing, clearing them to begin trading.
