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10-K/A Filing

RARE ELEMENT RESOURCES LTD CIK: 1419806 FY 2011
Filing Information
Form Type 10-K/A
Accession Number 0001052918-11-000553
Period End Date 20110630
Filing Date 20111014
Fiscal Year 2011
Fiscal Period FY
XBRL Instance res-20110630.xml
Filing Contents
Balance Sheet 43 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashCashEquivalentsAndShortTermInvestments $11.46M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsAndShortTermInvestments $72.31M USD Point-in-time
Marketable securities MarketableSecuritiesCurrent - USD Point-in-time
Marketable securities MarketableSecuritiesCurrent $53.24K USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $327.28K USD Point-in-time
Accounts receivable AccountsReceivableNetCurrent $17.05K USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $71.42K USD Point-in-time
Prepaid expenses PrepaidExpenseCurrent $353.24K USD Point-in-time
Total Current Assets AssetsCurrent $11.55M USD Point-in-time
Total Current Assets AssetsCurrent $73.05M USD Point-in-time
Equipment PropertyPlantAndEquipmentNet $145.16K USD Point-in-time
Equipment PropertyPlantAndEquipmentNet $40.06K USD Point-in-time
Mineral properties MineralPropertiesNet $1.71M USD Point-in-time
Mineral properties MineralPropertiesNet $1.67M USD Point-in-time
Marketable securities MarketableSecuritiesNoncurrent $201.48K USD Point-in-time
Marketable securities MarketableSecuritiesNoncurrent - USD Point-in-time
Reclamation bonding DepositsAssetsNoncurrent $110.53K USD Point-in-time
Reclamation bonding DepositsAssetsNoncurrent $422.28K USD Point-in-time
TOTAL ASSETS Assets $13.41M USD Point-in-time
TOTAL ASSETS Assets $75.48M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $410.00K USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $1.02M USD Point-in-time
Due to related parties DueToRelatedParties $12.02K USD Point-in-time
Due to related parties DueToRelatedParties $73.96K USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $422.03K USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $1.09M USD Point-in-time
Asset retirement obligation AssetRetirementObligationsNoncurrent - USD Point-in-time
Asset retirement obligation AssetRetirementObligationsNoncurrent $100.54K USD Point-in-time
Derivative liability DerivativeLiabilitiesNoncurrent $1.98M USD Point-in-time
Derivative liability DerivativeLiabilitiesNoncurrent $195.95K USD Point-in-time
TOTAL LIABILITIES Liabilities $2.40M USD Point-in-time
TOTAL LIABILITIES Liabilities $1.39M USD Point-in-time
SHARE CAPITAL CommonStockValue $91.36M USD Point-in-time
SHARE CAPITAL CommonStockValue $19.01M USD Point-in-time
ADDITIONAL PAID-IN CAPITAL AdditionalPaidInCapital $9.50M USD Point-in-time
ADDITIONAL PAID-IN CAPITAL AdditionalPaidInCapital $2.11M USD Point-in-time
ACCUMULATED OTHER COMPREHENSIVE LOSS AccumulatedOtherComprehensiveIncomeLossNetOfTax $3.31K USD Point-in-time
DEFICIT RetainedEarningsAccumulatedDeficit $-26.77M USD Point-in-time
DEFICIT RetainedEarningsAccumulatedDeficit $-10.11M USD Point-in-time
TOTAL SHAREHOLDERS' EQUITY StockholdersEquity $74.09M USD Point-in-time
TOTAL SHAREHOLDERS' EQUITY StockholdersEquity $11.01M USD Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $75.48M USD Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $13.41M USD Point-in-time
Income Statement 85 line items
Line Item Tag Value Unit Period
Audit and legal ProfessionalFees $190.59K USD Annual
Audit and legal ProfessionalFees $107.88K USD Annual
Audit and legal ProfessionalFees $26.98K USD Annual
Audit and legal ProfessionalFees $634.78K USD 48 Qtrs
Amortization AdjustmentForAmortization $6.90K USD Annual
Amortization AdjustmentForAmortization $2.40K USD Annual
Amortization AdjustmentForAmortization $49.23K USD 48 Qtrs
Amortization AdjustmentForAmortization $37.63K USD Annual
Consulting OtherGeneralExpense $38.30K USD Annual
Consulting OtherGeneralExpense $128.62K USD Annual
Consulting OtherGeneralExpense $166.92K USD 48 Qtrs
Corporate development BusinessDevelopment $119.69K USD Annual
Corporate development BusinessDevelopment $278.83K USD 48 Qtrs
Corporate development BusinessDevelopment $78.33K USD Annual
Corporate development BusinessDevelopment $80.81K USD Annual
Exploration expense ExplorationExpense $8.51M USD Annual
Exploration expense ExplorationExpense $12.97M USD 48 Qtrs
Exploration expense ExplorationExpense $2.79M USD Annual
Exploration expense ExplorationExpense $590.15K USD Annual
Foreign exchange ForeignCurrencyTransactionGainLossBeforeTax $-2.79M USD 48 Qtrs
Foreign exchange ForeignCurrencyTransactionGainLossBeforeTax $292.36K USD Annual
Foreign exchange ForeignCurrencyTransactionGainLossBeforeTax $56.49K USD Annual
Foreign exchange ForeignCurrencyTransactionGainLossBeforeTax $-3.08M USD Annual
Investor relations and shareholder communications CommunicationsAndInformationTechnology $391.63K USD Annual
Investor relations and shareholder communications CommunicationsAndInformationTechnology $119.13K USD Annual
Investor relations and shareholder communications CommunicationsAndInformationTechnology $1.44M USD 48 Qtrs
Investor relations and shareholder communications CommunicationsAndInformationTechnology $262.23K USD Annual
Management, accounting and secretarial GeneralAndAdministrativeExpense $1.85M USD 48 Qtrs
Management, accounting and secretarial GeneralAndAdministrativeExpense $517.87K USD Annual
Management, accounting and secretarial GeneralAndAdministrativeExpense $367.63K USD Annual
Management, accounting and secretarial GeneralAndAdministrativeExpense $210.40K USD Annual
Office expenses SuppliesExpense $40.89K USD Annual
Office expenses SuppliesExpense $164.25K USD Annual
Office expenses SuppliesExpense $497.98K USD 48 Qtrs
Office expenses SuppliesExpense $115.34K USD Annual
Salaries and wages SalariesAndWages $21.56K USD Annual
Salaries and wages SalariesAndWages $281.42K USD 48 Qtrs
Stock-based compensation ShareBasedCompensation $7.41M USD Annual
Stock-based compensation ShareBasedCompensation $428.35K USD Annual
Stock-based compensation ShareBasedCompensation $524.50K USD Annual
Stock-based compensation ShareBasedCompensation $9.15M USD 48 Qtrs
Transfer and listing fees ExchangeFees $17.54K USD Annual
Transfer and listing fees ExchangeFees $447.97K USD Annual
Transfer and listing fees ExchangeFees $72.26K USD Annual
Transfer and listing fees ExchangeFees $648.96K USD 48 Qtrs
Travel TravelAndEntertainmentExpense $113.23K USD Annual
Travel TravelAndEntertainmentExpense $55.30K USD Annual
Travel TravelAndEntertainmentExpense $373.17K USD 48 Qtrs
Travel TravelAndEntertainmentExpense $62.57K USD Annual
TOTAL EXPENSES OperatingExpenses $4.53M USD Annual
TOTAL EXPENSES OperatingExpenses $25.55M USD 48 Qtrs
TOTAL EXPENSES OperatingExpenses $14.94M USD Annual
TOTAL EXPENSES OperatingExpenses $1.86M USD Annual
Interest income InvestmentIncomeInterest $-810.94K USD 48 Qtrs
Interest income InvestmentIncomeInterest $-40.16K USD Annual
Interest income InvestmentIncomeInterest $-32.58K USD Annual
Interest income InvestmentIncomeInterest $-631.56K USD Annual
Write-off of mineral properties and others GainLossOnDispositionOfProperty $1.05M USD 48 Qtrs
Write-off of mineral properties and others GainLossOnDispositionOfProperty $15.08K USD Annual
Mark to market gain (loss) on share purchase warrants MarketableSecuritiesGainLoss $983.00K USD 48 Qtrs
Mark to market gain (loss) on share purchase warrants MarketableSecuritiesGainLoss $2.35M USD Annual
Mark to market gain (loss) on share purchase warrants MarketableSecuritiesGainLoss $-1.70M USD Annual
Mark to market gain (loss) on share purchase warrants MarketableSecuritiesGainLoss - USD Annual
TOTAL OTHER ITEMS OtherExpenses $1.22M USD 48 Qtrs
TOTAL OTHER ITEMS OtherExpenses $-1.74M USD Annual
TOTAL OTHER ITEMS OtherExpenses $1.71M USD Annual
TOTAL OTHER ITEMS OtherExpenses $-17.49K USD Annual
NET LOSS FOR THE PERIOD ProfitLoss $16.66M USD Annual
NET LOSS FOR THE PERIOD ProfitLoss $2.79M USD Annual
NET LOSS FOR THE PERIOD ProfitLoss $1.84M USD Annual
NET LOSS FOR THE PERIOD ProfitLoss $26.77M USD 48 Qtrs
Unrealized gain on marketable securities MarketableSecuritiesUnrealizedGainLoss $-3.31K USD 48 Qtrs
Unrealized gain on marketable securities MarketableSecuritiesUnrealizedGainLoss $-3.31K USD Annual
Unrealized gain on marketable securities MarketableSecuritiesUnrealizedGainLoss - USD Annual
Unrealized gain on marketable securities MarketableSecuritiesUnrealizedGainLoss - USD Annual
NET LOSS AND COMPREHENSIVE LOSS FOR THE PERIOD ComprehensiveIncomeNetOfTax $1.84M USD Annual
NET LOSS AND COMPREHENSIVE LOSS FOR THE PERIOD ComprehensiveIncomeNetOfTax $26.77M USD 48 Qtrs
NET LOSS AND COMPREHENSIVE LOSS FOR THE PERIOD ComprehensiveIncomeNetOfTax $16.65M USD Annual
NET LOSS AND COMPREHENSIVE LOSS FOR THE PERIOD ComprehensiveIncomeNetOfTax $2.79M USD Annual
LOSS PER SHARE - BASIC AND DILUTED EarningsPerShareBasicAndDiluted $0.08 USD Annual
LOSS PER SHARE - BASIC AND DILUTED EarningsPerShareBasicAndDiluted $0.43 USD Annual
LOSS PER SHARE - BASIC AND DILUTED EarningsPerShareBasicAndDiluted $0.09 USD Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING WeightedAverageNumberOfSharesOutstandingBasic 38.59M shares Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING WeightedAverageNumberOfSharesOutstandingBasic 29.43M shares Annual
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING WeightedAverageNumberOfSharesOutstandingBasic 24.07M shares Annual
Cash Flow Statement 88 line items
Line Item Tag Value Unit Period
Net loss for the period ProfitLoss $16.66M USD Annual
Net loss for the period ProfitLoss $2.79M USD Annual
Net loss for the period ProfitLoss $1.84M USD Annual
Net loss for the period ProfitLoss $26.77M USD 48 Qtrs
Amortization AdjustmentForAmortization $6.90K USD Annual
Amortization AdjustmentForAmortization $2.40K USD Annual
Amortization AdjustmentForAmortization $49.23K USD 48 Qtrs
Amortization AdjustmentForAmortization $37.63K USD Annual
Asset retirement obligation CostsIncurredAssetRetirementObligationIncurred $100.54K USD 48 Qtrs
Asset retirement obligation CostsIncurredAssetRetirementObligationIncurred $100.54K USD Annual
Fair value of warrants received pursuant to the sale of mineral properties FairValueOfAssetsAcquired $-15.08K USD 48 Qtrs
Mark to market gain (loss) on share purchase warrants MarketableSecuritiesGainLoss $983.00K USD 48 Qtrs
Mark to market gain (loss) on share purchase warrants MarketableSecuritiesGainLoss $2.35M USD Annual
Mark to market gain (loss) on share purchase warrants MarketableSecuritiesGainLoss $-1.70M USD Annual
Mark to market gain (loss) on share purchase warrants MarketableSecuritiesGainLoss - USD Annual
Write-off of mineral properties and others PropertyPlantAndEquipmentDisposals $15.08K USD Annual
Write-off of mineral properties and others PropertyPlantAndEquipmentDisposals $16.62K USD 48 Qtrs
Stock-based compensation ShareBasedCompensation $7.41M USD Annual
Stock-based compensation ShareBasedCompensation $9.15M USD 48 Qtrs
Stock-based compensation ShareBasedCompensation $428.35K USD Annual
Stock-based compensation ShareBasedCompensation $524.50K USD Annual
Interest income accrued OtherInterestAndDividendIncome $-276.32K USD Annual
Interest income accrued OtherInterestAndDividendIncome $-291.52K USD 48 Qtrs
Interest income accrued OtherInterestAndDividendIncome $-1.57K USD Annual
Interest income accrued OtherInterestAndDividendIncome $-13.63K USD Annual
Accounts receivable IncreaseDecreaseInAccountsReceivable $34.71K USD Annual
Accounts receivable IncreaseDecreaseInAccountsReceivable $18.67K USD 48 Qtrs
Accounts receivable IncreaseDecreaseInAccountsReceivable $36.63K USD Annual
Accounts receivable IncreaseDecreaseInAccountsReceivable $-33.90K USD Annual
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-281.82K USD Annual
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-364.76K USD 48 Qtrs
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-43.44K USD Annual
Prepaid expenses IncreaseDecreaseInPrepaidExpense $-1.09K USD Annual
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $799.76K USD 48 Qtrs
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $609.14K USD Annual
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $353.31K USD Annual
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-18.90K USD Annual
Due to/from related party IncreaseDecreaseInDueToRelatedParties $2.25K USD Annual
Due to/from related party IncreaseDecreaseInDueToRelatedParties $61.94K USD Annual
Due to/from related party IncreaseDecreaseInDueToRelatedParties $44.77K USD 48 Qtrs
Due to/from related party IncreaseDecreaseInDueToRelatedParties $-5.49K USD Annual
Total cash (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-1.40M USD Annual
Total cash (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-6.68M USD Annual
Total cash (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-3.61M USD Annual
Total cash (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-16.28M USD 48 Qtrs
Marketable securities acquired PaymentsToAcquireMarketableSecurities $-207.29K USD 48 Qtrs
Marketable securities acquired PaymentsToAcquireMarketableSecurities $-207.29K USD Annual
Mineral property costs PaymentsToAcquireMineralRights $-27.00K USD Annual
Mineral property costs PaymentsToAcquireMineralRights $-1.81K USD Annual
Mineral property costs PaymentsToAcquireMineralRights $-28.82K USD 48 Qtrs
Reclamation bonding ReclamationAndMineShutdownProvision $-100.00K USD Annual
Reclamation bonding ReclamationAndMineShutdownProvision $110.53K USD Annual
Reclamation bonding ReclamationAndMineShutdownProvision $-421.75K USD 48 Qtrs
Purchase of equipment PaymentsToAcquireMachineryAndEquipment $-194.39K USD 48 Qtrs
Purchase of equipment PaymentsToAcquireMachineryAndEquipment $-142.73K USD Annual
Purchase of equipment PaymentsToAcquireMachineryAndEquipment $-45.09K USD Annual
Payments received for sale/option of mineral properties ProceedsFromSaleOfOtherInvestments $48.07K USD Annual
Payments received for sale/option of mineral properties ProceedsFromSaleOfOtherInvestments $279.49K USD 48 Qtrs
Total cash (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-663.59K USD Annual
Total cash (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-572.76K USD 48 Qtrs
Total cash (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-124.02K USD Annual
Advance of promissory note ProceedsFromNotesPayable $110.74K USD 48 Qtrs
Repayment of promissory note RepaymentsOfNotesPayable $-129.29K USD 48 Qtrs
Cash received for common shares ProceedsFromIssuanceOfCommonStock $72.11M USD Annual
Cash received for common shares ProceedsFromIssuanceOfCommonStock $13.70M USD Annual
Cash received for common shares ProceedsFromIssuanceOfCommonStock $1.47M USD Annual
Cash received for common shares ProceedsFromIssuanceOfCommonStock $93.75M USD 48 Qtrs
Share issue costs AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts $-10.78K USD Annual
Share issue costs AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts $-3.91M USD Annual
Share issue costs AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts $-4.79M USD 48 Qtrs
Share issue costs AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts $-839.71K USD Annual
Total cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $12.86M USD Annual
Total cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $1.46M USD Annual
Total cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $88.95M USD 48 Qtrs
Total cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $68.20M USD Annual
Cash acquired in capital transaction ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet $218.80K USD 48 Qtrs
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $62.23K USD Annual
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $60.85M USD Annual
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $9.13M USD Annual
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $72.31M USD 48 Qtrs
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $2.33M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $2.27M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $72.31M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $11.46M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $11.46M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $2.33M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $72.31M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $2.27M USD Point-in-time
Stockholders Equity 31 line items
Line Item Tag Value Unit Period
Balance CommonStockholdersEquity $11.01M USD Point-in-time
Balance CommonStockholdersEquity $2.36M USD Point-in-time
Balance CommonStockholdersEquity $74.09M USD Point-in-time
Transitional adjustment PriorPeriodReclassificationAdjustment $-333.74K USD Annual
Stock issued StockIssued $9.87M USD Annual
Stock issued StockIssued $56.57M USD Annual
Stock issued StockIssued $219.70K USD 40 Qtrs
Shares issued for assets StockIssuedDuringPeriodValuePurchaseOfAssets $1.73M USD Annual
Share issue costs PaymentsOfStockIssuanceCosts $-48.62K USD 40 Qtrs
Share issue costs PaymentsOfStockIssuanceCosts $-839.71K USD Annual
Share issue costs PaymentsOfStockIssuanceCosts $-6.27M USD Annual
Exercise of options ProceedsFromStockOptionsExercised $290.19K USD Annual
Exercise of options ProceedsFromStockOptionsExercised $488.88K USD 40 Qtrs
Exercise of options ProceedsFromStockOptionsExercised $1.34M USD Annual
Exercise of warrants ProceedsFromWarrantExercises $11.79M USD Annual
Exercise of warrants ProceedsFromWarrantExercises $141.61K USD Annual
Exercise of warrants ProceedsFromWarrantExercises $1.63M USD 40 Qtrs
Exercise of Agents' options & warrants StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense $2.41M USD Annual
Fair value of options and warrants StockIssuedDuringPeriodValueStockOptionsExercised $57.99K USD Annual
Fair value of options and warrants StockIssuedDuringPeriodValueStockOptionsExercised $6.49M USD Annual
Fair value of options and warrants StockIssuedDuringPeriodValueStockOptionsExercised - USD 40 Qtrs
Stock-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $1.21M USD 40 Qtrs
Stock-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $7.41M USD Annual
Stock-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $524.50K USD Annual
Unrealized loss on available for sale investments UnrealizedGainLossOnSecurities $3.31K USD Annual
Net loss for the period NetIncomeLoss $-16.66M USD Annual
Net loss for the period NetIncomeLoss $-6.99M USD 40 Qtrs
Net loss for the period NetIncomeLoss $-2.79M USD Annual
Balance CommonStockholdersEquity $11.01M USD Point-in-time
Balance CommonStockholdersEquity $2.36M USD Point-in-time
Balance CommonStockholdersEquity $74.09M USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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