Major Rare Element Resources (OTC: REEMF) investor buys 100M shares

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.

Insights

Insider transactions analyst

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.

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

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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^*

BLUE JAMES N

(Last) (First) (Middle)

P.O. BOX 910304

(Street)

SAN DIEGO CA 92191-0304

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

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

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	03/10/2026		P		100,149,060	A	$24,035,774.4	460,889,576	I	See Remarks

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:

Remarks:

The Common Shares are held of record by Synchron, a wholly-owned subsidiary of General Atomic Technologies Corporation ("GATC"), which is a wholly-owned subsidiary of Tenaya Corporation ("Tenaya"), and James N. Blue is the Chairman and President of Tenaya. James N. Blue may be deemed to beneficially own all of the Common Shares beneficially owned by Synchron as the Chairman, President and Chief Executive Officer of GATC, and the Chairman and President of Tenaya. James N. Blue disclaims beneficial ownership of the Common Shares reported herein except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of the Common Shares for purposes of Section 16 or for any other purpose.

	/s/ James N. Blue	03/12/2026
	** 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.
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FAQ

What insider transaction did Rare Element Resources (REEMF) report?

Rare Element Resources reported a large insider purchase. A more than 10% owner, Blue James N, indirectly bought 100,149,060 Common Shares in an open-market transaction, increasing their total indirect holdings to 460,889,576 Common Shares.

Who is the insider involved in the latest REEMF Form 4 filing?

The insider is Blue James N, a more than 10% owner. They are not listed as a director or officer but are disclosed as a significant shareholder, reporting an indirect open-market purchase of 100,149,060 Common Shares of Rare Element Resources Ltd.

How many Rare Element Resources shares did the insider buy?

The insider bought 100,149,060 Common Shares. According to the Form 4, this was an indirect open-market purchase that raised the reporting person’s total indirect ownership to 460,889,576 Common Shares after the transaction date of March 10, 2026.

What is the insider’s total Rare Element Resources ownership after this trade?

Post-transaction indirect ownership is 460,889,576 shares. After buying 100,149,060 Common Shares in an open-market transaction, the reporting person’s total indirect holdings in Rare Element Resources Ltd reached 460,889,576 Common Shares, as stated in the Form 4 filing.

Was the Rare Element Resources insider transaction a buy or a sell?

The transaction was an open-market purchase (a buy). The Form 4 identifies code P, described as a purchase in an open market or private transaction, and classifies the direction as a net buy of 100,149,060 Common Shares.

Are there any derivative securities reported for the REEMF insider?

No derivative holdings are listed in this filing. The derivative summary section is empty, indicating the reporting person’s position, as shown here, consists solely of common shares rather than options, warrants, or other derivative securities.