Rare Element Resources Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	47.14	19.32	26.73	3.63	15.52	22.25
Cash & Short-Term Investments	47.14	19.32	26.73	3.63	15.52	22.25
Cash Growth	93.19%	-27.75%	635.81%	-76.60%	-30.22%	722.14%
Other Receivables	2.28	1.61	-	2.18	0.17	0.11
Receivables	2.28	1.61	-	2.18	0.17	0.11
Prepaid Expenses	0.29	0.23	0.22	3.94	2.28	0.08
Restricted Cash	-	-	-	-	-	2.7
Total Current Assets	49.71	21.16	26.95	9.75	17.98	25.13
Property, Plant & Equipment	2.72	2.76	2.54	0.81	0.89	0.99
Other Long-Term Assets	0.2	0.2	0.2	0.19	-	-
Total Assets	52.63	24.12	29.69	10.74	18.87	26.12
Accounts Payable	1.46	1.34	1.06	0.29	0.23	0.41
Accrued Expenses	-	-	-	-	-	0.71
Current Portion of Leases	0.15	0.15	0.17	0.11	0.12	0.12
Other Current Liabilities	-	-	0.9	1.54	-	-
Total Current Liabilities	1.6	1.49	2.13	1.94	0.35	1.24
Long-Term Leases	0.04	0.06	0.1	0.09	0.17	0.25
Other Long-Term Liabilities	0.28	0.28	0.28	0.27	1.41	1.18
Total Liabilities	1.92	1.83	2.5	2.31	1.93	2.68
Common Stock	204.73	174.17	174.17	136.94	136.91	136.91
Additional Paid-In Capital	29.11	29.11	29.1	29.14	28.67	25.75
Retained Earnings	-183.12	-180.99	-176.09	-157.64	-148.64	-139.22
Shareholders' Equity	50.71	22.29	27.18	8.44	16.94	23.44
Total Liabilities & Equity	52.63	24.12	29.69	10.74	18.87	26.12
Total Debt	0.19	0.21	0.27	0.2	0.29	0.38
Net Cash (Debt)	46.96	19.1	26.46	3.43	15.23	21.87
Net Cash Growth	94.24%	-27.82%	671.49%	-77.48%	-30.36%	708.20%
Net Cash Per Share	0.09	0.04	0.05	0.01	0.07	0.13
Filing Date Shares Outstanding	645.37	645.37	516.13	511.11	212.52	212.47
Total Common Shares Outstanding	645.37	516.13	516.11	212.97	212.52	212.47
Working Capital	48.1	19.67	24.82	7.81	17.63	23.89
Book Value Per Share	0.08	0.04	0.05	0.04	0.08	0.11
Tangible Book Value	50.71	22.29	27.18	8.44	16.94	23.44
Tangible Book Value Per Share	0.08	0.04	0.05	0.04	0.08	0.11
Land	-	2.24	2.24	0.6	0.6	0.6
Buildings	-	0.21	-	-	-	-
Machinery	-	0.23	0.16	0.26	0.24	0.29