secwatch.observer — SEC 8-K summary
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Issuer:     RARE ELEMENT RESOURCES LTD (REEMF)
CIK:        0001419806
Form:       8-K
Filed at:   2021-10-27T23:59:59+00:00
Accession:  0001558370-21-013576
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rare Element extends repurchase option for Bear Lodge land through 2024
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- Repurchase option for ~640 acres in Crook County, WY extended up to three years, now expiring Oct 26, 2024.
- Annual option extension payment of $25,000 in cash per year required to maintain the option.
- Exercise price changed from fixed $1M to appraised value between $1.2M and $1.85M; extension payments credited.
- Land is under consideration for a stockpile facility for the Bear Lodge rare earth elements project.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1419806/000155837021013576/0001558370-21-013576-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1419806/000155837021013576/reemf-20211025x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-013576

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