other material
confidence high
sentiment neutral
materiality 0.50
Rare Element Resources repurchases 640 acres adjacent to Bear Lodge project for $1.5M cash and 5M shares
RARE ELEMENT RESOURCES LTD
- Repurchased 640 acres of non-core real property in Crook County, Wyoming adjacent to the Bear Lodge rare earth elements project.
- Consideration: $1,507,000 in cash and 5,000,000 common shares issued to Whitelaw Creek LLC.
- Transaction closed on October 25, 2024, pursuant to an option exercised under a 2016 asset purchase agreement as amended in 2021.