Rare Element Resources appoints Wayne Rich CFO, advances rare earth demo plant project

RARE ELEMENT RESOURCES LTD

Director Kenneth Mushinski resigned March 31, 2022; Nicole Champine appointed to Board as Synchron designee.
Wayne Rich appointed CFO effective March 28, 2022; base salary $215,000, options for 125,000 shares.
Demonstration plant design phase ongoing; construction expected 18–26 months, processing 12–14 months.
Project funded by DOE award plus $21.9M cost share from RER via December 2021 rights offering.
Plant to produce Nd/Pr rare earth oxide for permanent magnets used in EVs and wind turbines.

item 5.02 item 7.01 item 7.1 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Wayne E. Rich

Chief Financial Officer

REEMF · RARE ELEMENT RESOURCES LTD

Effective: 2022-03-28
Filed: March 31, 2022, 7:59 PM ET

On March 28, 2022, Wayne E. Rich was appointed as the Chief Financial Officer of the Registrant.

Appointed

Nicole J. Champine

Director

REEMF · RARE ELEMENT RESOURCES LTD

Effective: 2022-03-31
Filed: March 31, 2022, 7:59 PM ET

On March 31, 2022, pursuant to the terms of the Investment Agreement, dated October 2, 2017, between Synchron, a California corporation and the Registrant’s largest shareholder (“ Synchron ”), and the Registrant, Synchron designee Nicole J. Champine was appointed to the Board.

Departed

Kenneth J. Mushinski

Director

REEMF · RARE ELEMENT RESOURCES LTD

Effective: 2022-03-31
Successor: Nicole J. Champine
Filed: March 31, 2022, 7:59 PM ET

Effective as of March 31, 2022, Kenneth J. Mushinski resigned as a director of Rare Element Resources Ltd.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Wayne E. Rich was appointed as Chief Financial Officer at RARE ELEMENT RESOURCES LTD.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On March 28, 2022, Wayne E. Rich was appointed as the Chief Financial Officer of the Registrant.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nicole J. Champine was appointed as Director at RARE ELEMENT RESOURCES LTD.

Action: appointed
Role: Director

Exact text from the filing

On March 31, 2022, pursuant to the terms of the Investment Agreement, dated October 2, 2017, between Synchron, a California corporation and the Registrant’s largest shareholder (“ Synchron ”), and the Registrant, Synchron designee Nicole J. Champine was appointed to the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kenneth J. Mushinski resigned as Director at RARE ELEMENT RESOURCES LTD.

Action: resigned
Role: Director

Exact text from the filing

Effective as of March 31, 2022, Kenneth J. Mushinski resigned as a director of Rare Element Resources Ltd.

View on SEC.gov

RARE ELEMENT RESOURCES LTD filing history →

Source: SEC EDGAR

accession 0001419806-22-000006

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