---
schema_version: "secwatch.filing_event.v1"
accession: "0001419806-22-000006"
form_type: "8-K"
ticker: "REEMF"
cik: "0001419806"
company_name: "RARE ELEMENT RESOURCES LTD"
filed_at: "2022-03-31T23:59:59+00:00"
generated_at: "2026-06-26T11:51:21.471333+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001419806-22-000006
- form_type: 8-K
- ticker: REEMF
- cik: 0001419806
- company_name: RARE ELEMENT RESOURCES LTD
- filed_at: 2022-03-31T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 7.1, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419806/000141980622000006/0001419806-22-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419806/000141980622000006/reem-20220328x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001419806-22-000006
- JSON: https://secwatch.observer/filing/0001419806-22-000006.json
- Plain text: https://secwatch.observer/filing/0001419806-22-000006.txt

## Key facts
- Executive change
  Wayne E. Rich was appointed as Chief Financial Officer at RARE ELEMENT RESOURCES LTD.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On March 28, 2022, Wayne E. Rich was appointed as the Chief Financial Officer of the Registrant.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419806/000141980622000006/0001419806-22-000006-index.htm
- Executive change
  Nicole J. Champine was appointed as Director at RARE ELEMENT RESOURCES LTD.
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419806/000141980622000006/0001419806-22-000006-index.htm
- Executive change
  Kenneth J. Mushinski resigned as Director at RARE ELEMENT RESOURCES LTD.
  - Action: resigned
  - Role: Director
  source text: Effective as of March 31, 2022, Kenneth J. Mushinski resigned as a director of Rare Element Resources Ltd.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419806/000141980622000006/0001419806-22-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.