Rare Element Resources Ltd. is pleased to announce that it intends to launch a rights offering for gross proceeds of approximately US$36 million, if all subscription rights are exercised under the rights offering. In the rights offering, each holder of the Company's common shares as of the close of business on the record date of December 15, 2023 will be issued, at no charge, one and four-tenth non-transferable [...]
Rare Element Resources Ltd. is pleased to announce that the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy has finalized its National Environmental Policy Act review of the Company's planned rare earth processing and separation demonstration plant to be built in Upton, Wyoming. This completes the federal permitting activity prior to construction. The DOE NEPA review was consistent with the [...]
Rare Element Resources Ltd. is pleased to announce that the U.S. Nuclear Regulatory Commission has completed its review and issued the Company a Source Material License. This license is necessary to allow the processing of previously stockpiled material from the Bear Lodge Project at the Company's planned processing and separation demonstration plant to be built in Upton, Wyoming. The license represents a critical step [...]
Rare Element Resources Ltd. is pleased to announce the completion of the funding agreement for the previously announced $4.4 million grant from the Wyoming Energy Authority . The WEA grant is a cost reimbursement award for future expenditures related to construction of the Company's rare earth processing and separation demonstration plant to be located in Upton, Wyoming. The plant is also supported by the U.S. Department [...]
Rare Element Resources Ltd. is pleased to announce that it will be presenting at the Emerging Growth Metals, Minerals and Energy Conference on May 17, 2023. This real-time, interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company's President and Chief Executive Officer, Brent Berg. Mr. Berg will present on the rare earth industry and the Company's [...]
Rare Element Resources Ltd. is pleased to announce that it has been awarded a $4.4 million grant from the Wyoming Energy Authority to be utilized for the advancement of the Company's rare earth element processing and separation demonstration plant project in Upton, Wyoming. The grant is a cost reimbursement award for future expenditures related to the project, which is also supported by the U.S. Department of Energy [...]
Rare Element Resources Ltd. is pleased to announce the appointment of Brent Berg as its President and Chief Executive Officer as Randall Scott retires. Mr. Berg is a highly qualified mining and mineral processing professional with over 25 years' experience in the minerals industry, including 16 years in mine management roles and over 11 years working for in-situ recovery operations. His experience includes over 21 years [...]
Rare Element Resources Ltd. is pleased to provide an update on the progress of its planned rare earth processing and separation demonstration project in Upton, Wyoming. The project, led by General Atomics, an affiliate of the Company's largest shareholder Synchron, has just completed the 60% plant design milestone and is now advancing toward final detailed engineering due for completion later this year. Early expenditures [...]
Rare Element Resources Ltd. is pleased to announce the appointment of Wayne Rich as its Chief Financial Officer and provide a progress update on the rare earth processing and separation demonstration plant project. Mr. Rich is a financial executive with more than 20 years of experience in the resource industry, including with mining and metals companies. His experience includes serving as Chief Financial Officer of [...]
Rare Element Resources Ltd. is pleased to report that its previously announced rights offering of common shares was oversubscribed and generated approximately US$25.4 million in gross proceeds. Because the rights offering, which expired on December 8, 2021, 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 commenced the previously announced rights offering to raise up to approximately US$25.4 million in gross proceeds. The Company has issued, to the holders of its common shares on October 19, 2021, the record date for the rights offering, one non-transferable subscription right for each common share owned by each shareholder. Each subscription right entitles the [...]
Rare Element Resources Ltd. is pleased to provide an update regarding the pending launch of the previously announced rights offering to raise up to approximately US$25 million in gross proceeds. Consistent with the terms set forth in the news release issued by the Company on October 5, 2021, each holder of the Company's common shares as of the close of business on the record date of October 19, 2021 will have an [...]
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