BLUE JAMES N 4

What Happened James N. Blue (reported as a 10% owner) reported an acquisition (code P) of 100,149,060 common shares of Rare Element Resources Ltd (REEMF) dated 2026-03-10. The filing lists a per‑share figure of $24,035,774.40 and a total of $2,407,160,212,532,064; those amounts are almost certainly a reporting/formatting error given their scale. The transaction is reported as an open market or private purchase. Purchases by insiders or affiliates are typically viewed as a more positive signal than sales, but no motive should be assumed.

Key Details

• Transaction date: 2026-03-10; Form 4 filed 2026-03-13 (record available under Accession 0001140361-26-009309).
• Reported shares acquired: 100,149,060 (transaction code P = Purchase).
• Reported amounts (as filed): per share $24,035,774.40; aggregate $2,407,160,212,532,064 — these figures appear inconsistent with typical share pricing and likely reflect a filing/data error.
• Shares owned after transaction: Not specified in the submitted excerpt.
• Ownership/footnote: The shares are held of record by Synchron (a GATC subsidiary), GATC is a Tenaya Corporation subsidiary, and James N. Blue is Chairman and President of Tenaya. He may be deemed to beneficially own Synchron’s shares but disclaims beneficial ownership except to the extent of any pecuniary interest.

Context

• This filing involves a 10% owner/affiliate through an ownership chain rather than a direct personal brokerage trade; such filings can reflect institutional holdings or internal transfers.
• Because reported dollar amounts look erroneous, retail investors should consult the official SEC filing on EDGAR for any amended Form 4 or contact the company for clarification before drawing conclusions.