Rare Element Resources launches rights offering for up to 129M shares at $0.24/share, targeting ~$30.9M gross proceeds

RARE ELEMENT RESOURCES LTD

Record holders as of Jan 30, 2026 receive 0.25 subscription rights per share; each whole right allows purchase of one share at $0.24.
Oversubscription privilege available to holders exercising basic privilege in full; shares allocated pro rata.
Proceeds to support rare earth demonstration plant, heavy rare earth separation, Bear Lodge permitting, and general corporate purposes.
Expiration date March 4, 2026, subject to extension until March 6; rights non-transferable.

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