Rare Element Resources reported a FY 2025 net loss of USD 4.9 million, compared with a FY 2024 net loss of USD 18.45 million. The company had no revenue in FY 2025. FY 2025 exploration and evaluation costs fell 84% to USD 2.89 million, which it attributed mainly to a shift from higher-cost equipment acquisition and installation work in 2024 to lower-cost plant rework and equipment upgrades in 2025, as well as the decision to include certain previously excluded Demonstration Plant expenses in billings to the U.S. Department of Energy. Net cash used in operating activities decreased 33% to USD 7.12 million, while working capital declined 21% to USD 19.67 million as cash and cash equivalents fell 28% to USD 19.32 million. Management said Demonstration Plant operations formally commenced in early 2026 and are expected to continue through Dec. 31, 2026, with output expected to be up to 10 tons of NdPr oxide.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rare Element Resources Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001419806-26-000004), on March 12, 2026, and is solely responsible for the information contained therein.