Rare Element Res Ltd Stock Price, News & Analysis

Rare Element Resources Ltd. (OTC-PINK: REEMF) announced significant progress on its rare earth processing and separation demonstration project in Upton, Wyoming. The project, led by General Atomics, has achieved a 60% design completion, with plans for final engineering by year-end. The $44 million project is partially funded by the Department of Energy, addressing domestic rare earth supply needs. Permitting and construction activities are ongoing, with operations expected to commence within 40 months from the start date in October 2021.

Rare Element Resources Ltd. (OTC-PINK:REEMF) has appointed Wayne Rich as its Chief Financial Officer, effective March 28, 2022. Rich, with over 20 years of experience in the resource sector, will support the company’s development of a rare earth processing and separation demonstration facility in Upton, Wyoming. This project is progressing through the design phase and is expected to be completed in 18–26 months, with an additional 12–14 months for processing. Approximately $21.9 million will be funded through a DOE assistance agreement, with remaining costs covered by the company’s rights offering.

Rare Element Resources Ltd. (OTC-PINK: REEMF) announced the success of its rights offering, generating approximately US$25.4 million in gross proceeds. The offering, which expired on December 8, 2021, was oversubscribed, leading to the issuance of around 105.8 million common shares at US$0.24 each. Notably, significant shareholder Synchron will acquire about 65.5 million shares, increasing its ownership to approximately 54.8%. The net proceeds will fund the Bear Lodge Project and prepay approximately US$1 million in debt.

Rare Element Resources Ltd. (OTCQB: REEMF) has launched a rights offering to raise approximately US$25.4 million. Shareholders holding common shares as of October 19, 2021 will receive one non-transferable subscription right per share. Each right allows the purchase of one share at US$0.24, with an oversubscription privilege included. The offering will expire at 5:00 p.m. on December 8, 2021. Proceeds will fund a demonstration plant for rare earth processing, supported by a US$21.9 million award from the U.S. Department of Energy.

Rare Element Resources Ltd. (OTCQB: REEMF) announced an upcoming rights offering aimed at raising up to US$25 million in gross proceeds. Shareholders holding common shares as of October 19, 2021 will receive non-transferable subscription rights, allowing them to purchase shares at US$0.24 each. The rights offering is pending state regulatory approvals and will include details on the subscription process in future communications. This initiative supports funding for the Bear Lodge Critical Rare Earth Project, important for various technologies.

Rare Element Resources Ltd. (OTCQB: REEMF) has announced a rights offering aiming to raise approximately US$25 million. Shareholders as of October 19, 2021 will receive one non-transferable subscription right for each share owned, allowing them to purchase additional shares at US$0.24 each. The funds will support the establishment of a rare earth separation and processing demonstration plant near the Bear Lodge Project, with a US$21.9 million grant from the U.S. Department of Energy covering half of the total costs.

Rare Element Resources Ltd. (OTC-PINK: REEMF) has finalized an Assistance Agreement with the U.S. Department of Energy for $21.9 million to support the construction of a rare earth processing demonstration plant in Wyoming. This funding covers approximately half of the project cost, with the remainder to be secured by the company. The demonstration plant aims to produce high-purity neodymium/praseodymium oxide, crucial for manufacturing high-strength magnets used in electric vehicles and renewable energy technologies. The project timeline is set for 40 months from design to operation.

Rare Element Resources Ltd. (OTCQB: REEMF) is advancing pre-award negotiations with the U.S. Department of Energy for a potential $21.9 million award to fund a rare earth separation and processing demonstration plant. The plant will be located in Wyoming, near the Bear Lodge Project. The funding represents half of the project's estimated costs and is conditional upon finalizing documentation, expected by mid-2021. The Company is also working on proprietary processing tests to optimize plant operations and reduce costs.

Rare Element Resources Ltd. (OTCQB: REEMF) has received formal notice from the U.S. Department of Energy regarding negotiations for a financial award aimed at constructing a rare earth separation and processing demonstration plant. This funding, representing 50% of project costs, is a critical step in advancing a domestic rare earth supply chain. The plant will utilize high-grade ore from RER's Wyoming Bear Lodge Project and aims to be operational within 30 months after funding is secured.