Rare Element director acquires shares in rights offer

Rare Element Resources Ltd director Paul Joseph Hickey increased his holdings through a rights offering.

Rhea-AI Filing Summary

Rare Element Resources Ltd director Paul Joseph Hickey increased his holdings through a rights offering. An amended Form 4 shows he acquired 6,940 common shares directly and 277 common shares indirectly through his spouse at $0.24 per share. As of March 4, 2026, he owned 31,940 common shares directly and 1,277 common shares indirectly. The amendment corrects preliminary share figures reported in an earlier Form 4 related to the same rights offering.

Insider Trade Summary

Grant/Award: 7,217 shares

Grant/Award 2 txns

Insider HICKEY PAUL JOSEPH

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	6,940	$0.24	$2K
Grant/Award	Common Shares	277	$0.24	$66.48

Holdings After Transaction: Common Shares — 31,940 shares (Direct); Common Shares — 1,277 shares (Indirect, By spouse)

Footnotes (1)

1. F1. On March 6, 2026, the reporting person filed a Form 4 reporting the acquisition of common shares of Rare Element Resources Ltd. ("Rare Element") in connection with Rare Element's rights offering. As noted in the original Form 4, the number of shares reported therein was preliminary and subject to final determination. This amendment reflects the final number of shares acquired in the rights offering. The reporting person acquired 6,940 common shares directly (rather than the 6,250 previously reported) and 277 common shares indirectly through the reporting person's spouse (rather than the 250 previously reported). Accordingly, as of March 4, 2026, the reporting person owned 31,940 common shares of Rare Element directly and 1,277 common shares indirectly through the reporting person's spouse.

FAQ

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What insider transaction did Rare Element Resources (REEMF) report on this amended Form 4?

The amended filing shows director Paul Joseph Hickey acquired additional common shares in Rare Element Resources through a rights offering. It corrects preliminary amounts, confirming 6,940 shares acquired directly and 277 indirectly via his spouse at $0.24 per share.

How many Rare Element Resources (REEMF) shares does Paul Joseph Hickey now hold?

As of March 4, 2026, Paul Joseph Hickey holds 31,940 Rare Element Resources common shares directly and 1,277 common shares indirectly through his spouse. These updated totals reflect final allocations from the company’s rights offering and replace earlier preliminary figures.

Why was this Rare Element Resources (REEMF) Form 4 amended?

The Form 4 was amended because the original filing reported preliminary share amounts from the rights offering. The amendment updates them to final figures, showing 6,940 common shares acquired directly and 277 indirectly through the reporting person’s spouse as of March 4, 2026.

What price did the Rare Element Resources (REEMF) director pay in the rights offering?

The filing reports a transaction price of $0.24 per common share for both direct and indirect acquisitions in the rights offering. This price applies to the 6,940 directly acquired shares and the 277 shares acquired indirectly through the reporting person’s spouse.

Does the Rare Element Resources (REEMF) director hold shares indirectly?

Yes. In addition to his direct holdings, the director has indirect ownership through his spouse. The amendment shows 1,277 common shares held indirectly via the spouse as of March 4, 2026, reflecting final results of the company’s rights offering.

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Accepted by SEC EDGAR 03/13/2026 - 01:22 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HICKEY PAUL JOSEPH

(Last) (First) (Middle)

P.O. BOX 80

(Street)

FIRESTONE CO 80520

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RARE ELEMENT RESOURCES LTD [ REEMF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)
03/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	03/04/2026		A		6,940(1)	A	$0.24	31,940	D
Common Shares	03/04/2026		A		277(1)	A	$0.24	1,277	I	By spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On March 6, 2026, the reporting person filed a Form 4 reporting the acquisition of common shares of Rare Element Resources Ltd. ("Rare Element") in connection with Rare Element's rights offering. As noted in the original Form 4, the number of shares reported therein was preliminary and subject to final determination. This amendment reflects the final number of shares acquired in the rights offering. The reporting person acquired 6,940 common shares directly (rather than the 6,250 previously reported) and 277 common shares indirectly through the reporting person's spouse (rather than the 250 previously reported). Accordingly, as of March 4, 2026, the reporting person owned 31,940 common shares of Rare Element directly and 1,277 common shares indirectly through the reporting person's spouse.

	/s/ Wayne Rich as Attorney-in-Fact for Paul J. Hickey	03/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.