Rare Element Resources Ltd. - page 2

TABLE OF CONTENTS
PRELIMINARY NOTES 1
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 1
GLOSSARY OF TERMS 3
PART I 10
ITEM 1. BUSINESS 10
ITEM 1A. RISK FACTORS 18
ITEM 1B. UNRESOLVED STAFF COMMENTS 30
ITEM 2. PROPERTIES 30
ITEM 3. LEGAL PROCEEDINGS 38
ITEM 4. MINE SAFETY DISCLOSURES 39
PART II 40
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 40
ITEM 6. SELECTED FINANCIAL DATA 48
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS 49
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK. 56
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 57
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE 84
ITEM 9A. CONTROLS AND PROCEDURES 84
ITEM 9B. OTHER INFORMATION 84
PART III 85
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 85
ITEM 11. EXECUTIVE COMPENSATION 85
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT AND RELATED STOCKHOLDER MATTERS 85
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS,
AND DIRECTOR INDEPENDENCE 85
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES 85
PART IV 86
ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES 86
SIGNATURES 87