Rare Element Resources Q2 FY26 net loss widens to USD 2.76 million
Income and working capital improve
Interest income rose to USD 413,000 from USD 261,000; June grant income was USD 400,000 on the final WEA Funding Agreement milestone.
Working capital increased to USD 30.25 million at June 30, 2026, up from USD 19.67 million at Dec. 31, 2025, following the 2026 rights offering.
Demonstration Plant timeline and output target
Demonstration Plant full end-to-end processing is expected to start in Q3 2026 and run up to 12 months, targeting up to 10 tons of NdPr oxide.
Q2 loss widens as exploration and evaluation expenses rise
Rare Element Resources posted a Q2 net loss of USD 2.76 million, widening from USD 1.18 million a year earlier.
Exploration and evaluation expense climbed to USD 2.98 million from USD 818,000, driven by Demonstration Plant work and Bear Lodge permitting.
