HICKEY PAUL JOSEPH 4

What Happened Paul Joseph Hickey, a director of Rare Element Resources Ltd. (REEMF), acquired a total of 6,500 common shares on March 4, 2026 pursuant to the company’s rights offering. The filing shows two acquisition entries: 6,250 shares at $0.24 each ($1,500) and 250 shares at $0.24 each ($60), for a combined cost of approximately $1,560. This is an acquisition (code A) — a purchase-like transaction rather than a sale.

Key Details

• Transaction date: March 4, 2026. Report filed March 6, 2026 (appears timely within the Form 4 two-business-day reporting window).
• Prices and amounts: 6,250 shares @ $0.24 ($1,500) and 250 shares @ $0.24 ($60); total 6,500 shares ~ $1,560.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The shares were acquired pursuant to Rare Element’s rights offering; reported share counts are preliminary and may be amended to reflect final amounts (footnote F1).
• Transaction code: A (award/grant/other acquisition via rights offering).

Context This is a small-dollar insider acquisition through a corporate rights offering rather than an open-market buy. While insider purchases can be a positive signal, the total value here (~$1.6k) is modest and should be weighed with other information about the company. The filing indicates the reported numbers are preliminary and may be amended if final counts differ.