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Stock Market & Financial Investment News

News Breaks
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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August 24, 2015
18:01 EDTREERare Element files Canadian preliminary shelf prospectus
Rare Element Resources announced that it has filed a preliminary short form base shelf prospectus with securities regulatory authorities in the provinces of British Columbia, Alberta and Ontario to replace the company's short form base shelf prospectus previously filed in July, 2013. Upon the company filing and receiving a receipt for its final short form base shelf prospectus, from the securities regulatory authorities in the Qualifying Jurisdictions, the company will be able to offer and sell, from time to time in one or more public offerings in the Qualifying Jurisdictions, up to the equivalent of $50M of debt, equity, or other securities of the company during the 25-month period that the Canadian Shelf, including any amendments thereto, remains effective.

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