Rare Element Resources (REEMF) director adds rights offering shares

Rhea-AI Filing Summary

Rare Element Resources director Paul Joseph Hickey reported acquiring common shares through a rights offering. On March 4, 2026, he acquired 6,250 common shares at $0.2400 per share directly, bringing his direct holdings to 31,250 shares. On the same date, 250 additional common shares at $0.2400 per share were acquired and are held indirectly by his spouse, increasing those indirect holdings to 1,250 shares. The filing notes that the number of shares reported is preliminary and may be updated in an amendment to reflect the final amount acquired under the rights offering.

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

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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^*

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)

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		6,250(1)	A	$0.24	31,250	D
Common Shares	03/04/2026		A		250	A	$0.24	1,250	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. Represents common shares of Rare Element Resources Ltd. ("Rare Element") acquired on March 4, 2026, pursuant to Rare Element's rights offering. The number of shares reported herein is preliminary and subject to final determination, and the reporting person will file an amendment to this Form 4 to reflect the final number of shares acquired, if necessary.

	/s/ Wayne Rich as Attorney-in-Fact for Paul J. Hickey	03/06/2026
	** 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.

FAQ

What insider transaction did REEMF director Paul Joseph Hickey report?

Paul Joseph Hickey reported acquiring common shares of Rare Element Resources Ltd. on March 4, 2026. The Form 4 shows both direct and indirect acquisitions tied to a rights offering, increasing his and his spouse’s reported holdings at a stated price per share.

How many Rare Element Resources (REEMF) shares did Hickey acquire?

Hickey’s Form 4 reports acquiring 6,250 common shares directly and 250 common shares indirectly through his spouse. These transactions increased direct holdings to 31,250 shares and indirect spouse holdings to 1,250 shares, all in connection with a rights offering.

At what price were the REEMF shares acquired in the rights offering?

The reported acquisitions were priced at $0.2400 per common share. Both the 6,250 directly held shares and the 250 indirectly held by Hickey’s spouse list the same per-share price, reflecting participation in Rare Element Resources’ rights offering on March 4, 2026.

Are the REEMF share amounts on Hickey’s Form 4 final?

The filing states the reported share amounts are preliminary and subject to final determination. Hickey indicates he will file an amendment to the Form 4, if necessary, to update the final number of common shares acquired through the rights offering.

How did the rights offering affect Hickey’s ownership in Rare Element Resources?

Following the March 4, 2026 rights offering, Hickey’s direct ownership increased to 31,250 common shares. Indirect ownership, held by his spouse, rose to 1,250 common shares. These figures reflect the preliminary post-transaction holdings reported in the Form 4.

How are Hickey’s indirect REEMF shares held according to the Form 4?

The Form 4 identifies 1,250 common shares as held indirectly "By spouse" after the transaction. A 250-share acquisition on March 4, 2026, at $0.2400 per share is attributed to this indirect ownership, in addition to Hickey’s separately reported direct holdings.