Welcome to our dedicated page for Rare Element Res news (Ticker: REEMF), a resource for investors and traders seeking the latest updates and insights on Rare Element Res stock.
Rare Element Resources Ltd. (OTCQB: REEMF) is a strategic materials company focused on rare earth elements through the Bear Lodge Rare Earth Project in northeast Wyoming and a rare earth processing and separation demonstration plant in Upton, Wyoming. The news flow around REEMF centers on project milestones, funding developments, regulatory approvals, and progress on its proprietary processing technology.
Company announcements frequently cover updates on the demonstration plant, including construction progress, equipment shakedown, commissioning schedules, and planned operating periods. Rare Element Resources has reported that the plant is designed to generate operational and economic data for a potential commercial-scale facility and is planned to produce up to 10 tons of separated neodymium/praseodymium (Nd/Pr) oxide during its operating phase.
Investors following REEMF news will also see disclosures about financing and support, such as a non-binding Letter of Interest from the Export-Import Bank of the United States (EXIM) indicating potential debt financing for the Bear Lodge Project, and DOE cost-share approvals and budget updates for the demonstration plant. The company’s news releases highlight partial funding from the U.S. Department of Energy and an award from the Wyoming Energy Authority, as well as the company’s intent to use equity rights offerings to support project costs and permitting.
Additional news topics include federal and state permitting and licensing plans for the Bear Lodge Critical Rare Earth Project, executive leadership changes, and references to U.S. policy initiatives on critical minerals and rare earths. For readers tracking REEMF, this news page provides a centralized view of operational updates, regulatory milestones, and capital-related announcements that shape the company’s rare earth development activities.
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Rare Element Resources Ltd. has announced the retirement of Randall Scott after ten years as CEO, effective November 1, 2022. Brent Berg, with over 25 years of experience in the minerals industry, will succeed him. Berg has held significant roles at Cameco Corporation and recently managed a copper recovery project at Florence Copper Inc. The company is progressing with its rare earth processing project in Upton, Wyoming, planned for engineering completion by the end of 2022 and construction beginning in summer 2023.
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.