RARE ELEMENT RESOURCES LTD reported a net loss of $2.76M for the quarter ended Q2 2026, compared with a net loss of $1.18M in Q2 2025. The exploration-stage company recorded no revenue in the quarter or the six-month period, and diluted loss per share was effectively $0 for the quarter and $(0.01) for the six-month period, in line with the prior year six-month EPS of $(0.01).

Financial Highlights

• Net income: Net loss $2.76M for Q2 2026 vs. net loss $1.18M in Q2 2025.
• Diluted EPS: Loss per share $0.00 for Q2 2026 vs. $0.00 for Q2 2025; six-month EPS $(0.01) vs. $(0.01) year‑ago.
• Revenue: No revenues reported — exploration-stage company generated no revenues in the quarter or six-month periods.

Business Highlights

• Demonstration Plant operations formally commenced in March 2026; full end-to-end processing is expected in Q3 2026 and may run up to 12 months to validate processing flows.
• Plant operations are intended to validate the company's proprietary rare-earth extraction and separation efficiency using Bear Lodge samples versus traditional methods.
• Production milestone target: the Demonstration Plant is targeted to produce up to 10 tons of NdPr oxide during its operations phase.
• Permitting and licensing for the Bear Lodge project remain ongoing, with work expected to continue into early 2028 and to inform commercialization planning.
• Funding and strategic support: the company received a $4.4M WEA grant; DOE cost-share payments are partially made and a novation request may transfer the award to the company to support operations.

Original SEC Filing: RARE ELEMENT RESOURCES LTD [ REEMF ] - 10-Q - Aug. 04, 2026