REEMF 8-K
Rare Element Resources Ltd (REEMF)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 4.01Changes in Registrant’s Certifying Accountant.
| (a) | Resignation of Independent Registered Accounting Firm. |
On July 29, 2022, BDO USA, LLP (“BDO”) resigned as the independent registered public accounting firm of Rare Element Resources Ltd. (the “Company”). BDO’s resignation will be effective immediately following the filing of the Company’s quarterly report on Form 10-Q for the quarter ending September 30, 2022.
The audit reports of BDO on the Company’s financial statements for the fiscal years ended December 31, 2020 and 2021 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the two most recent fiscal years ended December 31, 2020 and 2021 and through the subsequent interim period preceding BDO’s resignation, there were no disagreements between the Company and BDO on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of BDO, would have caused it to make reference thereto in its reports on the Company’s financial statements for such fiscal years.
During the two most recent fiscal years ended December 31, 2020 and 2021 and through the subsequent interim period preceding BDO’s resignation, there were no reportable events, as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company provided BDO with a copy of these disclosures as set forth under this Item 4.01 and requested that BDO furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether BDO agrees with the above statements and, if not, stating the respects in which it does not agree. A copy of the response letter from BDO is attached hereto as Exhibit 16.1.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits.
Exhibit | Description | |
16.1 | ||
104 | Cover Page Interactive Data File (formatted in Inline XBRL and included as Exhibit 101. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 4, 2022
RARE ELEMENT RESOURCES LTD. | ||
By: | /s/ Randall J. Scott | |
Name: | Randall J. Scott | |
Title: | President and Chief Executive Officer | |
| | Exhibit 16.1 |
| | |
| Tel: 509-747-8095 Fax: 509-747-0415 www.bdo.com | 221 North Wall Street Suite 400 Spokane, WA 99201 |
August 4, 2022
Securities and Exchange Commission
100 F Street N.E.
Washington, D.C. 20549
We have been furnished with a copy of the response to Item 4.01 of Form 8-K for the event that occurred on July 29, 2022, to be filed by Rare Element Resources LTD. We agree with the statements made in response to that Item insofar as they relate to our Firm.
Very truly yours,
BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms.
BDO is the brand name for the BDO network and for each of the BDO Member Firms.