Rare Element Resources Ltd.

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 [...]

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 a Project Continuation Notice following its approval of the budget for construction of the Company's planned rare earth processing and separation demonstration plant . This approval, along with the DOE's recent completion of its National Environmental Policy Act review, allows [...]

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 [...]