Bear Lodge Panoramic
Sample Drilling
Core Samples

The Bear Lodge Project area is a significant mineralized district that contains one of the largest disseminated rare earth deposits in North America. This deposit contains many of the less common, more valuable critical rare earths that are essential for electronics, fiber optics, laser systems for health and defense, and many evolving green technologies, such as hybrid cars, solar panels and wind turbines. Rare Element Resources owns 100% of the project and is advancing it towards development.

Project Highlights

  • Solid Returns with Excellent Upside – the August 2014 PFS shows an after-tax 28% IRR using current low rare earth prices but the Project has several opportunities for upside including further operating cost reductions with refinement of the Company’s proprietary processing technology, the ongoing investigation of further separation as a means to participate more fully in the value chain, and the ability to boost revenues by recovering certain by-products.
  • Superior Location – Wyoming is recognized by Canada’s Fraser Institute as one of the world’s top five mining jurisdictions and the site is supported by excellent infrastructure and communities well versed in natural resource development.
  • Robust Ore Body – the strength of our mineral resource is demonstrated by a 45 year Project life and the high-grade core, which results in a 2.9 year payback period.
     
  • Proprietary Technology – continued improvements to the Company’s patent-pending technology have delivered a 99.999% pure, thorium-free TREO powder that has then been separated into heavy and light rare earth fractions in a single step. Optimization work continues with a focus on reducing costs and further separating the fractions into products attractive to potential end-users. 
  • Permitting Advancing – the US Forest Service is preparing the Environmental Impact Statement on the site, the draft of which is expect in Spring 2015.  The Company is preparing its applications for the necessary licenses and permits on a parallel track.
  • Feasibility Study – optimization work identified in the PFS is currently being undertaken, which will support completion of the Feasibility Study and detailed engineering.