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Stock Market & Financial Investment News

News Breaks
February 20, 2013
09:14 EDTREERare Element provides information of cease trade on TSX
Rare Element Resources advises that its common shares will not trade on the TSX on February 20. The company previously disclosed by press release the change in its fiscal year-end to December 31, and also filed a Form 8K with the SEC announcing this change; however, this Form 8K was not received by the Canadian securities regulators. The British Columbia Securities Commission, or BCSC, issued a cease trade order on February 19 based on its belief that the company had not made a quarterly financial filing which otherwise would have been due if the company's fiscal year-end had remained June 30. The Form 8K has now been filed with the Canadian securities regulators, and the company has been advised by the BCSC that the cease trade order will be promptly removed and that trading of its securities will resume on the TSX on February 21.
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August 7, 2014
07:02 EDTREERare Element reports Q2 EPS (6c) vs. (12c) last year
For accounting purposes, the Company is classified as an exploration stage company and, as such, does not have production-related revenues at this time. The key drivers behind the lower year-over-year expenses were primarily a decrease in exploration and evaluation expenses of $0.9M, the result of a shift to technical and economic evaluation with a related reduction in exploration expenses offset slightly by an increase in expenses for metallurgical and engineering test work, lower corporate administrative cost of $0.5M, primarily due to lower stock-based compensation expense, and a favorable variance in currency translation of $0.9M.

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