secwatch.observer — SEC 8-K summary
======================================

Issuer:     RARE ELEMENT RESOURCES LTD (REEMF)
CIK:        0001419806
Form:       8-K
Filed at:   2021-10-05T23:59:59+00:00
Accession:  0001558370-21-013014
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rare Element finalizes $21.9M DoE award for rare earth plant; launches ~$25M rights offering
--------------------------------------------------------------------------------

- Finalized $21.9M DoE/EERE award for rare earth separation demo plant in Upton, Wyoming.
- Rights offering of common shares at $0.24 each to raise ~$25M gross proceeds.
- Record date for rights is Oct 19, 2021; basic subscription + oversubscription privilege offered.
- Proceeds will fund permitting, engineering, construction, and operation of the demo plant.
- Plant expected to take 18–26 months to design/construct; operations 12–14 months thereafter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419806/000155837021013014/0001558370-21-013014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419806/000155837021013014/reemf-20211005x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-013014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer