Bear Lodge Mountains

Rare Element Resources Announces Intent to Launch Rights Offering of Common Shares

Retrieved on: 
Tuesday, December 5, 2023

Rare Element Resources Ltd. (the “Company” or “RER”) (OTCQB: REEMF) 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.

Key Points: 
  • Rare Element Resources Ltd. (the “Company” or “RER”) (OTCQB: REEMF) 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.
  • There is no minimum amount of gross proceeds that is required to be raised under the rights offering.
  • The rights offering will also include an oversubscription privilege, which will entitle shareholders who exercise all of their subscription rights under the basic subscription privilege the right to purchase additional common shares of the Company in the rights offering, subject to availability and pro rata allocation of shares among rights holders exercising such oversubscription privilege.
  • The Company will offer common shares in the rights offering, inclusive of the oversubscription privilege, representing approximately US$36 million of gross proceeds, if all subscription rights are exercised.

Rare Element Resources Announces Receipt of Final NEPA Approval for Rare Earth Processing and Separation Demonstration Plant

Retrieved on: 
Thursday, November 16, 2023

The DOE NEPA review was consistent with the U.S. Nuclear Regulatory Commission’s NEPA review, with both resulting in a finding of no significant impact.

Key Points: 
  • The DOE NEPA review was consistent with the U.S. Nuclear Regulatory Commission’s NEPA review, with both resulting in a finding of no significant impact.
  • The Company is awaiting next stage budget approval from the DOE, which is providing approximately 50% of the project costs, to commence construction.
  • The Demonstration Plant will advance the Company’s proprietary recovery and separation technology, and the operational and economic data generated will be essential to the design of a commercial-scale plant.
  • Rare Element Resources Ltd. is a publicly traded, strategic materials company focused on delivering rare earth products for technology, energy, and defense applications by advancing the Bear Lodge Rare Earth Project in northeast Wyoming.

Rare Element Resources Announces Receipt of NRC Source Material License for Planned Rare Earth Processing and Separation Demonstration Plant

Retrieved on: 
Monday, July 31, 2023

Rare Element Resources Ltd. (the “Company” or “RER”) (OTCQB: REEMF) is pleased to announce that the U.S. Nuclear Regulatory Commission (“NRC”) has completed its review and issued the Company a Source Material License.

Key Points: 
  • Rare Element Resources Ltd. (the “Company” or “RER”) (OTCQB: REEMF) is pleased to announce that the U.S. Nuclear Regulatory Commission (“NRC”) 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 (“Demonstration Plant”) to be built in Upton, Wyoming.
  • Rare earth elements are essential to defense systems and green energy technologies, including electric vehicles and direct-drive wind turbines.
  • Rare Element Resources Ltd. is a publicly traded, strategic materials company focused on delivering rare earth products for technology, energy, and defense applications by advancing the Bear Lodge Rare Earth Project in northeast Wyoming.

Rare Element Resources Announces Completion of Funding Agreement for $4.4 Million Wyoming Energy Authority Grant

Retrieved on: 
Thursday, June 8, 2023

Rare Element Resources Ltd. (the “Company” or “RER”) (OTCQB: REEMF) 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”).

Key Points: 
  • Rare Element Resources Ltd. (the “Company” or “RER”) (OTCQB: REEMF) 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”).
  • Once approved by the NRC, Wyoming will have primacy for the NRC’s licensing of Wyoming-based rare earth processing facilities.
  • Rare Element Resources Ltd. is a publicly traded, strategic materials company focused on delivering rare earth products for technology, energy, and defense applications by advancing the Bear Lodge Critical Rare Earth Project in northeast Wyoming.
  • The WEA was created in 2020 by the Wyoming State Legislature by merging the Wyoming Infrastructure Authority and the Wyoming Pipeline Authority.

Rare Element Resources to Participate in the Emerging Growth Metals, Minerals and Energy Conference

Retrieved on: 
Wednesday, May 10, 2023

Rare Element Resources Ltd. (the “Company” or “RER”) (OTCQB: REEMF) is pleased to announce that it will be presenting at the Emerging Growth Metals, Minerals and Energy Conference on May 17, 2023.

Key Points: 
  • Rare Element Resources Ltd. (the “Company” or “RER”) (OTCQB: REEMF) is pleased to announce that it will be presenting at the Emerging Growth Metals, Minerals and Energy Conference on May 17, 2023.
  • Mr. Berg will present on the rare earth industry and the Company’s progress on the development of its rare earth processing and separation demonstration plant in Upton, Wyoming.
  • “Rare Element Resources is poised to become a cornerstone for a secure, domestic supply of the critical magnet materials essential to so many hi-tech and green technologies.
  • Rare Element Resources Ltd. is a publicly traded, strategic materials company focused on delivering rare earth products for technology, energy and defense applications by advancing the Bear Lodge Critical Rare Earth Project in northeast Wyoming.

Rare Element Resources receives $4.4 million grant from Wyoming Energy Authority in support of Rare Earth Demonstration Plant Project

Retrieved on: 
Monday, November 21, 2022

Rare Element Resources Ltd. (the Company or RER) (OTCQB: REEMF) is pleased to announce that it has been awarded a $4.4 million grant from the Wyoming Energy Authority (the WEA) to be utilized for the advancement of the Companys rare earth element processing and separation demonstration plant project in Upton, Wyoming.

Key Points: 
  • Rare Element Resources Ltd. (the Company or RER) (OTCQB: REEMF) is pleased to announce that it has been awarded a $4.4 million grant from the Wyoming Energy Authority (the WEA) to be utilized for the advancement of the Companys rare earth element processing and separation demonstration plant project in Upton, Wyoming.
  • Wyomings financial support exemplifies its commitment to critical materials, specifically rare earth element production.
  • Given that Wyoming is home to one of the highest-grade rare earth deposits in North America, we felt supporting Rare Element Resources demonstration plant in Upton was vital.
  • Rare Element Resources Ltd. is a publicly traded, strategic materials company focused on delivering rare earth products for technology, energy and defense applications by advancing the Bear Lodge Critical Rare Earth Project in northeast Wyoming.

Rare Element Resources announces appointment of Brent Berg as President and Chief Executive Officer

Retrieved on: 
Tuesday, October 18, 2022

Rare Element Resources Ltd. (the Company or RER) (OTCQB: REEMF) is pleased to announce the appointment of Brent Berg as its President and Chief Executive Officer as Randall Scott retires.

Key Points: 
  • Rare Element Resources Ltd. (the Company or RER) (OTCQB: REEMF) is pleased to announce the appointment of Brent Berg as its President and Chief Executive Officer as Randall Scott retires.
  • Prior to that, he served as the Vice President of Sustainability, Health & Safety for Excelsior Mining Corp. Mr. Berg is a Professional Engineer with a B.A.Sc.
  • in Regional Environmental Systems Engineering from the University of Regina and an MBA from the University of Regina.
  • Rare Element Resources Ltd. is a publicly traded, strategic materials company focused on delivering rare earth products for technology, energy and defense applications by advancing the Bear Lodge Critical Rare Earth Project in northeast Wyoming.

Rare Element Resources Progresses Rare Earth Processing and Separation Demonstration Project in Wyoming

Retrieved on: 
Monday, September 26, 2022

Rare Element Resources Ltd. (the Company or RER) (OTCQB: REEMF) is pleased to provide an update on the progress of its planned rare earth processing and separation demonstration project in Upton, Wyoming.

Key Points: 
  • Rare Element Resources Ltd. (the Company or RER) (OTCQB: REEMF) is pleased to provide an update on the progress of its planned rare earth processing and separation demonstration project in Upton, Wyoming.
  • Randall Scott, President and CEO of the Company, stated, We are very pleased that our rare earth demonstration plant project is progressing toward planned construction next summer.
  • Mr. Scott added, We continue to work diligently with the State of Wyoming, the University of Wyoming, and the Town of Upton to ensure our demonstration project becomes a cornerstone for the rare earth industry in Wyoming and America, while providing a venue for worker training in rare earth processing and separation.
  • Rare Element Resources Ltd. is a publicly traded, strategic materials company focused on delivering rare earth products for technology, energy and defense applications by advancing the Bear Lodge Critical Rare Earth Project in northeast Wyoming.

Rare Element Resources Announces Appointment of Wayne Rich as Chief Financial Officer

Retrieved on: 
Tuesday, March 29, 2022

Rare Element Resources Ltd. (the Company or RER) (OTCQB: REEMF) 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.

Key Points: 
  • Rare Element Resources Ltd. (the Company or RER) (OTCQB: REEMF) 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 Star Mountain Resources, Inc., Chief Financial Officer and Vice President of Finance for Prospect Global Resources, Inc., and Treasurer and Director of Corporate Finance of Thompson Creek Metals, Inc. Mr. Rich has extensive experience in public accounting and reporting, internal controls, and financial modeling.
  • Wayne is a proven financial professional with experience in not only the resource sector, but also in public company accounting and reporting, commented Randall Scott, the Companys President and Chief Executive Officer.

Rare Element Resources Announces Results of Oversubscribed Rights Offering of Common Shares

Retrieved on: 
Saturday, December 11, 2021

Rare Element Resources Ltd. (the Company or RER) (OTCQB: REEMF) 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.

Key Points: 
  • Rare Element Resources Ltd. (the Company or RER) (OTCQB: REEMF) 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.
  • The Company will effectively be issuing all of the common shares that were available for subscription under the rights offering.
  • Following the issuance of new common shares pursuant to the rights offering, it is expected that Synchron will own approximately 54.8% of the common shares outstanding.
  • Such forward-looking statements include statements regarding the rights offering, the expected proceeds from the rights offering, the number of shares to be issued in the rights offering and the expected timing for such issuance, Synchrons expected ownership percentage of the outstanding common shares and the expected use of proceeds from the rights offering.