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Rare Element Resources Ltd. - REEMF STOCK NEWS

Welcome to our dedicated news page for Rare Element Resources Ltd. (Ticker: REEMF), a resource for investors and traders seeking the latest updates and insights on Rare Element Resources Ltd..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Rare Element Resources Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Rare Element Resources Ltd.'s position in the market.

News
Rare Element Resources Announces Appointment of Ken Mushinski as President and Chief Executive Officer
Rhea-AI Summary
Rare Element Resources appoints Ken Mushinski as President and CEO, succeeding Brent Berg. Mushinski brings extensive experience in corporate development and project execution, particularly in the uranium industry. The appointment aims to drive strategic partnerships and investments for the Bear Lodge Project's development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.95%
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management
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Rare Element Resources Announces Results of Oversubscribed Rights Offering of Common Shares
Rhea-AI Summary
Rare Element Resources Ltd. announces oversubscribed rights offering, raising approximately US$35.8 million. The offering resulted in the issuance of 298.1 million common shares at US$0.12 per share, with majority shareholder Synchron owning around 70.6% of the total shares. The proceeds will support the Bear Lodge rare earth elements project and other corporate purposes.
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Rare Element Resources Announces Updated Mineral Resource for the Bear Lodge Project Focused on Key Magnet Materials
Rhea-AI Summary
Rare Element Resources Ltd. (REEMF) completes a new mineral resource estimate focused on key magnet materials like neodymium and praseodymium at the Bear Lodge Project in Wyoming. The estimate utilizes data from 252 core holes and pilot plant testing. The estimated mineral resource includes measured, indicated, and inferred categories, emphasizing the potential for rare earth demand growth in defense and green technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.91%
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News
Rare Element Resources Announces Commencement of Rights Offering of Common Shares
Rhea-AI Summary
Rare Element Resources Ltd. (REEMF) commences a rights offering to raise up to $35.8 million. Shareholders receive subscription rights to purchase common shares at $0.12 per share. The offering includes an oversubscription privilege. The proceeds will fund the Bear Lodge REE Project, supporting commercialization and operational activities. U.S. and Canadian holders receive detailed instructions on exercising their subscription rights. The offering is expected to expire on March 11, 2024, with plans for strategic use of net proceeds.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-19.23%
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offering
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Rare Element Resources to Participate in the National Defense Industrial Association (NDIA) Mine-to-Magnet Workshop in Bethesda, MD
Rhea-AI Summary
Rare Element Resources Ltd. (RER) (OTCQB: REEMF) has been invited to participate in the first annual Mine-To-Magnet Workshop held by the NDIA and sponsored by Lockheed Martin. The event will gather stakeholders from across the supply chain and the U.S. government to discuss the United States’ need for critical materials and inputs for rare earth magnets essential for defense and green technology applications. Brent Berg, RER’s President and CEO, will participate in the workshop. RER's Bear Lodge Project and innovative recovery technology aim to address China’s control of the rare earth market.
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Rare Element Resources Announces Plans for Management Change
Rhea-AI Summary
Rare Element Resources Ltd. (RER) announces the resignation of President and CEO Brent Berg, effective April 2, 2024, or earlier at the discretion of the RER Board of Directors. The company is focused on advancing the Bear Lodge Rare Earth Project in northeast Wyoming, containing critical rare earths essential for various high-tech applications. The announcement also includes key milestones achieved in 2023 and the initiation of the process to retain Mr. Berg's successor.
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Rare Element Resources Receives DOE Approval to Proceed with Construction of Rare Earth Processing and Separation Demonstration Plant
Rhea-AI Summary
Rare Element Resources Ltd. (RER) announces DOE approval of budget for construction of rare earth processing and separation demonstration plant, with plant operations expected to commence in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.79%
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Rare Element Resources Announces Intent to Launch Rights Offering of Common Shares
Rhea-AI Summary
Rare Element Resources Ltd. (RER) plans to launch a rights offering to raise approximately US$36 million for the Bear Lodge Rare Earth Project. The rights offering will grant shareholders the opportunity to purchase common shares at US$0.12 per share, with an oversubscription privilege. The net proceeds will be used to advance the Bear Lodge REE Project, including funding a rare earth processing and separation demonstration plant, acquiring real property, updating mineral resource models and technical reports, and advancing permitting and environmental support.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-31.58%
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offering
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Rare Element Resources Announces Receipt of Final NEPA Approval for Rare Earth Processing and Separation Demonstration Plant
Rhea-AI Summary
Rare Element Resources Ltd. (OTCQB: REEMF) announces the completion of the U.S. Department of Energy’s National Environmental Policy Act review for the rare earth processing and separation demonstration plant in Upton, Wyoming. The DOE's approval is the final federal licensing required for construction, with the project expected to commence in summer 2024. The company hosted an Open House event showcasing project progress and received strong support from key state and local officials, including U.S. Senator Barrasso.
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Rare Element Resources Announces Receipt of NRC Source Material License for Planned Rare Earth Processing and Separation Demonstration Plant
Rhea-AI Summary
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25%
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Rare Element Resources Ltd.

OTC:REEMF

REEMF Rankings

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REEMF Stock Data

101.20M
145.57M
71.52%
1.04%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
United States
Littleton

About REEMF

rare element resources inc is a company based out of wyoming, united states.