Rare Element Resources launches rights offering for up to $25.4M at $0.24/share

RARE ELEMENT RESOURCES LTD

Offers up to 105,808,445 common shares via non-transferable rights to holders as of Oct 19, 2021.
Subscription price $0.24/share; maximum gross proceeds ~$25.4 million.
Proceeds for rare earth demonstration plant near Bear Lodge project, debt prepayment, and corporate uses.
Basic subscription privilege: one share per right; oversubscription privilege for unsubscribed shares.
Rights expire Dec 8, 2021; exercise must be received by 5:00 PM NY time.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.