Director adds 1.25M Rare Element (OTC: REEMF) shares via rights offering

Rhea-AI Filing Summary

Rare Element Resources Ltd director Gerald W. Grandey reported acquiring additional common shares through a rights offering. On March 4, 2026, he acquired 1,250,000 Common Shares at $0.2400 per share pursuant to Rare Element's rights offering, increasing his direct holdings to 6,030,943 shares.

The company notes that this share amount is preliminary and subject to final determination, and an amendment to this Form 4 will be filed if the final number of shares acquired differs.

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^*

Grandey Gerald W

(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		1,250,000(1)	A	$0.24	6,030,943	D

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 Gerald W. Grandey	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 Rare Element Resources (REEMF) report on this Form 4?

Rare Element Resources reported that director Gerald W. Grandey acquired 1,250,000 Common Shares on March 4, 2026. The shares were obtained through the company’s rights offering at $0.2400 per share, increasing his direct ownership stake significantly in a single transaction.

How many Rare Element Resources (REEMF) shares does Gerald W. Grandey own after this transaction?

After this transaction, Gerald W. Grandey directly holds 6,030,943 Common Shares of Rare Element Resources. This total reflects the addition of 1,250,000 shares acquired in the March 4, 2026 rights offering, as disclosed in the Form 4 insider ownership report.

At what price were the new Rare Element Resources (REEMF) shares acquired in the rights offering?

The newly acquired Rare Element Resources Common Shares were obtained at $0.2400 per share. This price applied to the 1,250,000 shares director Gerald W. Grandey received in the March 4, 2026 rights offering, according to the details disclosed in the Form 4 filing.

What is the nature of Gerald W. Grandey’s Form 4 transaction in Rare Element Resources (REEMF)?

The Form 4 describes the transaction as a grant, award, or other acquisition of Common Shares. It is categorized as an acquisition (code A) of 1,250,000 shares through Rare Element’s rights offering, resulting in an increased direct ownership position for the reporting director.

Is the reported Rare Element Resources (REEMF) share amount in this Form 4 final?

The share amount reported is preliminary and may change. The footnote states that the 1,250,000 shares acquired through the rights offering are subject to final determination, and an amended Form 4 will be filed if the final number of shares differs.