Rare Element Resources Ltd. announces an updated timeline for the commencement of operations of the Company's rare earth processing and separation demonstration plant in Upton, Wyoming . The data gathered from the operation of the Demonstration Plant, which was designed and constructed by a General Atomics-led consortium of companies, will be material in advancing the design and economics of a commercial plant utilizing [...]
Rare Element Resources Ltd. is pleased to confirm it has received a non-binding Letter of Interest from the Export-Import Bank of the United States to provide a portion of debt financing of up to $553 million for the Bear Lodge Project development's total capital expansion . The funds would support the permitting, engineering design, and construction of the Bear Lodge Critical Rare Earth Project as the Company advances [...]
Rare Element Resources Ltd. is pleased to provide this progress update on the Company's rare earth processing and separation demonstration plant in Upton, Wyoming . The Demonstration Plant, which has been designed and constructed to advance the Company's proprietary processing and separation technology, has progressed through the equipment shakedown process and is in the final stages of commissioning. The initial phase of [...]
Rare Element Resources Ltd. is pleased to announce it has received the U.S. Nuclear Regulatory Commission operations approval under the previously issued license. This final approval, which was required for the commencement of operations at the Company's rare earth processing and separation demonstration plant in Upton, Wyoming follows the recently announced U.S. Department of Energy's operations budget acceptance and [...]
Rare Element Resources Ltd. is pleased to announce that the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy has issued the second and final Project Continuation Notice following its approval of the operations budget and confirmation of readiness for the operations phase of the Company's rare earth processing and separation demonstration plant . This notice allows operations to formally [...]
Rare Element Resources Ltd. is pleased to provide a progress update on its rare earth recovery and separation demonstration plant currently being constructed in Upton, Wyoming, including with respect to the progression of site preparations and arrival of the operating equipment preassembled on skids. Under the direction of general contractor, Loenbro, out of Gillette, Wyoming, the brownfield site upgrades have either been [...]
Rare Element Resources Ltd. is pleased to announce the appointment of Ken Mushinski as its President and Chief Executive Officer. Mr. Mushinski, a former member of the Board of Directors for the Company , will commence his position and rejoin the Board starting on May 1, 2024. As previously announced, Mr. Brent Berg, current President and CEO, will be leaving the Company. His last day will be March 20, 2024. Ms. Kelli [...]
Rare Element Resources Ltd. is pleased to report that its previously announced rights offering of common shares was oversubscribed and generated approximately US$35.8 million in gross proceeds. Because the rights offering, which expired on March 11, 2024, was oversubscribed, the shares available for issuance will be allocated proportionately among shareholders who exercised their oversubscription privileges based on the [...]
Rare Element Resources Ltd. is pleased to announce that it has completed a new mineral resource estimate based on maximizing the recovery of the key magnet materials of neodymium , praseodymium , terbium and dysprosium , as well as other critical rare earths such as lanthanum . The estimate is focused on the Bull Hill deposit at the Bear Lodge Project, located in northeastern Wyoming, with long-term upside existing in the [...]
Rare Element Resources Ltd. is pleased to announce that today it has commenced the previously announced rights offering to raise up to approximately US$35.8 million in gross proceeds. The Company will issue to the holders of its common shares on December 15, 2023, the record date for the rights offering, at no charge, one and four-tenth non-transferable subscription rights for each common share owned by each shareholder [...]
Rare Element Resources Ltd. announces that it was invited to participate in the first annual Mine-To-Magnet Workshop held by the NDIA and sponsored by Lockheed Martin. The event will be held on January 16 and 17, 2024, in Bethesda, MD. The two-day workshop gathers stakeholders from across the supply chain as well as the U.S. government to discuss the United States' need for, and sourcing of, the critical materials and [...]
Rare Element Resources Ltd. announces that its President and Chief Executive Officer Brent Berg, has notified the Company that he will resign his position effective April 2, 2024, or earlier at the discretion of the RER Board of Directors . Mr. Berg, who has held that position since November 1, 2022, advised the Company that he will be moving to a new opportunity outside of the rare earth industry. Mr. Berg will also [...]
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