secwatch.observer — SEC 8-K summary
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Issuer:     RARE ELEMENT RESOURCES LTD (REEMF)
CIK:        0001419806
Form:       8-K
Filed at:   2022-03-31T23:59:59+00:00
Accession:  0001419806-22-000006
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 7.01, 7.1, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419806/000141980622000006/0001419806-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419806/000141980622000006/reem-20220328x8k.htm
  HTML page:      https://secwatch.observer/filing/0001419806-22-000006

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