RE: Agreement Extension to the Cost Share Funding Assumption AgreementCost Share Funding Assumption Agreement • November 6th, 2024 • Rare Element Resources LTD • Gold and silver ores
This letter is to confirm the extension of the Cost Share Funding Assumption Agreement dated November 1, 2021, by and between General Atomics (GA) and Rare Element Resources, Inc. (RER) (together the “Parties) (the “Agreement”), until such time as the Parties engage in an amendment of the Agreement as set forth below (the “Agreement Extension”). Further, during the Agreement Extension, RER has agreed to provide additional cash advances to GA for the rare earth demonstration project (“Project”) as set forth below.
COST SHARE FUNDING ASSUMPTION AGREEMENTCost Share Funding Assumption Agreement • December 2nd, 2021 • Rare Element Resources LTD • Gold and silver ores • Colorado
This COST SHARE FUNDING ASSUMPTION AGREEMENT (this “Agreement”) is made, effective as of the Effective Date (defined below), by and between GENERAL ATOMICS, a California corporation (“GA”), and RARE ELEMENT RESOURCES, INC., a Wyoming corporation (“RER”) (each a “Party” and collectively the “Parties”).
