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Rare Element Resources raises $30.9 million in oversubscribed rights offering
Rare Element Resources raised approximately $30.9 million in gross proceeds from an oversubscribed rights offering and plans to issue about 129 million common shares at $0.24 per share. The offer price is well below the current share price of $0.57; net proceeds are estimated at about $30.5 million after costs. After the issuance, majority shareholder Synchron is expected to hold roughly 71.4% of the issued and outstanding common shares. The proceeds will be used for operation and expansion of the demonstration plant for rare-earth processing, further development of neodymium/praseodymium separation, permitting for the Bear Lodge project, and general corporate purposes. » More on de.investing.com
Rare Element Resources announces rights offering to raise $30.9 million
Rare Element Resources plans a rights offering that, if fully exercised, is expected to raise about $30.9 million. Shareholders of record on January 30, 2026, will receive 0.25 non-transferable rights per common share; each full right entitles the holder to purchase one share at $0.24. The offering includes an over-subscription privilege with pro rata allocation; it is expected to be completed within 40 days and is subject to regulatory approval. Proceeds are intended to fund operation of the demonstration plant for rare-earth separation, further development of the neodymium/praseodymium separation, permitting processes for the Bear Lodge project in Wyoming, and general corporate purposes. » More on de.investing.com
Financials
| (EUR) | June 2026 | |
|---|---|---|
| Revenue | 0 | - |
| Gross profit | -42.93k | 3.28% |
| Net profit | -2.42m | 141.38% |
| EBITDA | -3.08m | 222.86% |
Fundamentals
| Metric | Value |
|---|---|
Market capitalization | €514.78m |
Number of shares | 645.37m |
52-week high/low | €1.73 - €0.32 |
| Dividends | No |
Beta | 0.95 |
P/E ratio | -88.46 |
PEG ratio | -1.65 |
P/B ratio | 11.97 |
P/S ratio | 0.00 |
Company profile
Rare Element Resources Ltd. beschäftigt sich mit der Exploration von Mineralgrundstücken in den Vereinigten Staaten. Das Unternehmen hält eine 100%ige Beteiligung am Bear Lodge-Grundstück, das das Bear Lodge REE-Projekt und das Sundance-Goldprojekt im zentralen Crook County im Nordosten Wyomings umfasst. Der Hauptsitz des Unternehmens befindet sich in Littleton, Colorado.
| Name | Rare Element Resources |
| CEO | Kenneth J. Mushinski |
| Headquarters | Firestone,
co USA |
| Website | |
| Sector | Materials |
| Industry | Metals & Mining |
| IPO | 25/06/2008 |
| Employees | 9 |
Ticker symbols
| Exchange | Symbol |
|---|---|
Pnk | REEMF |