Off-market insider buying at Rare Element Resources (RES)

Off-market insider buying at Rare Element Resources (T:RES)

Synchron, a 10% Holder, acquired 244,383,591 Common Shares on a direct ownership basis at a price of US$0.120 through a prospectus or prospectus exempt offering on March 15th, 2024. This represents a $39,686,918 investment into the company's shares and an account share holdings change of greater than 100%.

Rare Element Resources is in the Non-Gold Precious Metals & Minerals Sub Industry Group under the Basic Materials Sector.

Rare Element Resources Ltd. is a mineral resource company. The Company's Bear Lodge Property contains two projects, the Bear Lodge REE Project and the Sundance Gold Project. The Company operates through the exploration of mineral properties segment. It holds an interest in the Bear Lodge rare earth elements project located near the town of Sundance in northeast Wyoming. The Bear Lodge REE Project consists of the Bull Hill mineral district, inclusive of the Bull Hill and Whitetail Ridge deposits and the exploration targets of East Taylor and Carbon, all of which are located near Sundance, Wyoming. The Bear Lodge Project is located seven air miles (11 kilometers) or 12 road miles (19 kilometers) northwest of the town of Sundance, Wyoming. The identified REE deposits and occurrences within the Bear Lodge Property alkaline complex are contained within the Company's block of unpatented lode mining claims. The Sundance Gold Project is the second project located on its Bear Lodge Property.