Grandey Gerald W 4

What Happened
Gerald W. Grandey, a director of Rare Element Resources Ltd. (REEMF), acquired 1,250,000 common shares on March 4, 2026 pursuant to Rare Element’s rights offering. The reported purchase price was $0.24 per share for an aggregate reported value of $300,000. The transaction is reported as an acquisition/award (code A).

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (timely within Form 4 reporting window).
• Price per share: $0.24; total reported value: $300,000.
• Shares acquired: 1,250,000 (footnote states this number is preliminary and subject to final determination; an amendment will be filed if needed).
• Shares owned after the transaction: not disclosed in the provided excerpt of the filing.
• Footnote: F1 — shares were acquired pursuant to the company’s rights offering; reported share count is preliminary.
• Transaction code: A (award/grant/other acquisition).

Context
This was an acquisition via a corporate rights offering, not an open-market purchase; rights offerings allow existing shareholders to buy additional shares, often at a discount. The filing notes the reported share count is preliminary and may be amended — watch for any updated Form 4. As always, purchases can indicate insider interest but do not alone prove a change in company outlook.