PFIC Disclosure

This statement is being provided for shareholders who are United States persons.

PFIC Disclosure Year Ended 12/31/23

Rare Element Resources Ltd. and its partners, through development of the Bear Lodge Project, are striving to become the cornerstone to a secure domestic REE supply chain, providing a consistent, high-quality source of critical components to advanced technology applications.

Conversion from Imperial to Metric Measurement Units | Mining Related Terms | Rare Earth Related Terms | Cautionary Note to Investors

OTCQB: REEMF |

PFIC Disclosure