Rare Element Resources holder buys 100M shares
Rare Element Resources Ltd large shareholder Blue James N, identified as a more than 10% owner, reported an indirect open-market purchase of 100,149,060 Common Shares on March 10, 2026.
Rhea-AI Filing Summary
Rare Element Resources Ltd large shareholder Blue James N, identified as a more than 10% owner, reported an indirect open-market purchase of 100,149,060 Common Shares on March 10, 2026. After this transaction, the reporting person indirectly owns 460,889,576 Common Shares.
Positive
- None.
Negative
- None.
Insights
Large indirect open-market share purchase by a 10% owner signals confidence.
The filing shows a more than 10% owner, Blue James N, executing an open-market purchase of 100,149,060 Common Shares of Rare Element Resources Ltd. This is a strong-action code P transaction, categorized as a buy rather than a grant or restructuring.
Following the purchase, the reporting person’s indirect holdings increase to 460,889,576 Common Shares, according to the filing. There are no derivative positions listed in the derivative holdings summary, so the visible exposure here is entirely in common shares rather than options or other derivatives.
Because this is an open-market buy by a sizable existing holder, it is generally interpreted as a vote of confidence in the company’s prospects. The filing does not reference any Rule 10b5-1 trading plan, suggesting this was a discretionary decision rather than a pre-scheduled transaction.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares | 100,149,060 | $24,035,774.40 as filed | -- |
- Price shown as filed: $24,035,774.40 per share is far above the $0.581 close on Mar 10, 2026, so no transaction value is shown.
FAQ
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AI-generated analysis. How Rhea-AI works. Not financial advice.