Rare Element Resources names Brent Berg CEO effective Nov 1, 2022; Randall Scott retires after 10 years

RARE ELEMENT RESOURCES LTD

Brent Berg appointed President and CEO effective November 1, 2022, succeeding Randall Scott.
Berg has 25+ years mining experience, previously GM of Florence Copper and over 21 years at Cameco.
Compensation: $250K base salary, $60K signing bonus, options for 250,000 shares vesting over three years.
Company advancing rare earth demonstration plant in Upton, WY; engineering by end 2022, construction summer 2023.
Severance includes one year base salary if terminated without cause after two years; one-year non-compete.

item 5.02 item 7.01 item 9.01

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Appointed

Brent Berg

President and Chief Executive Officer

REEMF · RARE ELEMENT RESOURCES LTD

Effective: 2022-11-01
Filed: October 19, 2022, 7:59 PM ET

On October 17, 2022, Brent Berg was appointed by the board of directors (the “ Board ”) of Rare Element Resources Ltd. (the “ Registrant ”) as its President and Chief Executive Officer, effective as of November 1, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Brent Berg was appointed as President and Chief Executive Officer at RARE ELEMENT RESOURCES LTD.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On October 17, 2022, Brent Berg was appointed by the board of directors (the “ Board ”) of Rare Element Resources Ltd. (the “ Registrant ”) as its President and Chief Executive Officer, effective as of November 1, 2022.

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Source: SEC EDGAR

accession 0001419806-22-000037

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