Rare Element Resources Ltd.

Rare Element Resources Ltd. reported a net loss of $4.9 million for fiscal year 2025, driven by total operating expenses of $5.9 million, primarily from exploration and evaluation ($2.9 million) and corporate administration ($2.8 million). The company generated non-operating income of $996,000, including grant income of $2.0 million and interest income of $1.0 million, partially offset by various expenses. Cash flow from operations was negative $7.1 million, while financing activities provided $35.3 million, resulting in a net cash decrease of $7.4 million. The company ended the period with $19.3 million in cash and cash equivalents and total assets of $24.1 million. The accumulated deficit stands at $181.0 million. The company's near-term focus remains on operating its Demonstration Plant and advancing permitting for the Bear Lodge REE Project, with permits anticipated within 24 months under U.S. government streamlining measures.

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