GENERAL ATOMIC TECHNOLOGIES CORP 4

What Happened

• Synchron (listed as a 10% owner) reported an open-market/private purchase (code P) of 100,149,060 common shares of Rare Element Resources Ltd (REEMF) on 2026-03-10. The filing lists a per-share figure of $24,035,774.40 and a total acquisition value of $2,407,160,212,532,064 — values that are almost certainly reporting/data-entry errors given their extreme size.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-23 (filed 13 days after the trade — appears late for a Form 4).
• Reported transaction type/code: P = Purchase (open market or private purchase).
• Shares acquired per filing: 100,149,060.
• Reported price/value (as shown on the Form 4): $24,035,774.40 per share; $2,407,160,212,532,064 total — likely erroneous.
• Shares owned after transaction: not specified in the filing.
• Footnote: The Common Shares are held of record by Synchron, a wholly owned subsidiary of General Atomic Technologies Corporation (GATC), which is in turn a wholly owned subsidiary of Tenaya Corporation. GATC and Tenaya may be deemed to beneficially own the shares held by Synchron.

Context

• This is an institutional/10% owner transaction, not an individual officer or director trade. Purchases by large holders can be informative, but retail investors should treat this filing cautiously because of the apparent numeric error and the late filing. Verify share counts and dollar amounts in follow-up filings or company disclosures before drawing conclusions.