---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-013166"
form_type: "8-K"
ticker: "REEMF"
cik: "0001419806"
company_name: "RARE ELEMENT RESOURCES LTD"
filed_at: "2021-10-14T23:59:59+00:00"
generated_at: "2026-06-28T20:49:24.468006+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Rare Element Resources borrows $1M from largest shareholder Synchron via 8% promissory note

## Summary
- Borrowed $1,000,000 from Synchron (48.3% owner) via promissory note; 8% interest, matures Oct 1, 2022 or upon ≥$25M equity financing.
- Proceeds used for demonstration plant costs, rights offering expenses, and general corporate purposes.
- Note includes registration rights for Synchron on any common shares acquired; exempt from registration under Section 4(a)(2) and Rule 506.
- Loan is a related party transaction under MI 61-101, exempt from formal valuation and minority approval due to size.
- Company must use commercially reasonable efforts to complete a ≥$25M equity financing.

## SEC filing metadata
- accession: 0001558370-21-013166
- form_type: 8-K
- ticker: REEMF
- cik: 0001419806
- company_name: RARE ELEMENT RESOURCES LTD
- filed_at: 2021-10-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419806/000155837021013166/0001558370-21-013166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419806/000155837021013166/reemf-20211014x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-013166
- JSON: https://secwatch.observer/filing/0001558370-21-013166.json
- Plain text: https://secwatch.observer/filing/0001558370-21-013166.txt

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