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

  • Increased Measured and Indicated resource by 65% in 2013. The expanded resource supports an anticipated mine life of 40 years. Please see the most recent NI 43-101 Technical Report for more details.
  • Identified a high-grade zone at the Bull Hill deposit within the expanded resource.  This high-grade zone contains approximately 4.9 million tons grading 4.84% total rare earth oxides (TREO), using a 3.0% TREO cutoff grade. Early development of this high-grade zone is projected to enhance economics by bring cash flows forward and shortening the payoff periods.  Please use this link to see most recent NI 43-101 Technical Report for more details.
  • The Project is ideally located in Wyoming, which is recognized by Canada’s Fraser Institute as one of the world’s top five mining jurisdictions.  It is located off of I-90 and surrounded by excellent infrastructure, which represent a significant benefit to Bear Lodge in terms of lower capital costs.
  • Bear Lodge is surrounded by excellent infrastructure in the form of developed state and county roads, nearby low cost power and rail service at the planned hydrometallurgical site in Upton, WY.
  • During pilot plant testing, conducted by SGS-Lakfield Canada, the Company’s proprietary process technology selectively separated rare earths from base metals and other impurities in solution and upgraded them to produce a 97% pure total rare earth bulk concentrate.  Additional work identified a process to isolate Thorium for which a US provisional patent has been received.
  • As the first step in the National Environmental Policy Act (NEPA) process and preparation of the Environmental Impact Statement selection of a third party contractor and Forest Service appointed Project Manager is underway. 
  • Optimization work to support the Feasibility Study underway. 

Summary of Measured and Indicated Resource (Total Rare Earth Oxide) @ 1.5 Cutoff Grade

  Tons
(millions)
Grade TREO
%
Contained TREO lbs.
(millions)
Contained TREO Kg
(millions)
Measured 1.96 3.91 153 69
Indicated 14.80 3.01 890 404
   Total 16.76 3.11 1,043 473

Please see most recent NI 43-101 Technical Report for additional detail and refer to the Cautionary Note to U.S. investors contained on the Company's Disclaimers.