 |  |
Investor Facts
News Releases
Financial Reports
Corporate Material
Shareholder Updates
Rare Earth Media
| February 26, 2009 Rare Element Resources Names Bob Bishop to the Advisory Board; Updates on Rare Earths 43-101 Technical Report and Grants Stock Options | |
| Vancouver, BC - Rare Element Resources Ltd. (TSX-V:RES) announces that it has named Bob Bishop to the Company's Advisory Board, provides an update on progress of a rare earths NI 43-101 Technical Report, and issued stock options. Advisory Board Addition Bob Bishop has joined Rare Element Resources' Advisory Board. From 1983 until 2007, Mr. Bishop was the Editor and Publisher of Gold Mining Stock Report, a subscription-based newsletter focused primarily on junior resource companies. He remains an active investor in the sector, is one of the largest shareholders in Rare Element Resources, and maintains widespread contacts throughout the industry. The Advisory Board is a broadly experienced team of well-known industry experts representing technical, financial and corporate relations functions that will help the Company efficiently increase its value. In addition to being available for advice to the executive team of the Company, the Advisory Board members will be available for specific consulting needs and will network on behalf of the Company. 43-101 Rare Earths Update Rare Element Resources continues to advance the NI 43-101 Technical Report with a resource estimate on the rare earths at the Bear lodge property. Recent successful drilling has been incorporated into this report and the Company expects to have the report released in the next 60 days. Grant of Stock Options Rare Element Resources has issued stock options to its directors, officers and consultants for a total of 1,400,000 options to purchase common shares of the Company at an exercise price of $0.58 per share for a period of five years, expiring on 27 January 2014, subject to the TSX Venture Exchange's approval. Rare Element Resources Ltd (TSX-V:RES) is a publicly traded mineral-resource company focused on gold and strategic metals such as the rare-earth elements. Rare Element and Newmont have entered into the Sundance gold exploration joint venture on the Company's Wyoming property. Newmont has the right to earn a 65% working interest in Rare Element's property, excluding any rights to the rare-earth elements and uranium but including rights to gold and other metals, by performing US$5 million in property work expenditures over a five-year period. Newmont also has the right to earn an additional 15% working interest by completing a positive project feasibility study. Rare Element's Bear Lodge, Wyoming property also encompasses one of the largest disseminated rare-earth occurrences in North America (M H Staatz, US Geological Survey Professional Paper 1049D). In parallel with the Sundance gold-focused exploration project, Rare Element is currently working at completing a NI 43-101 Technical Report with a resource estimate of the rare-earth mineralization, and is planning a metallurgical testing program on the core samples collected in 2008. ON BEHALF OF THE BOARD Donald E Ranta, PhD, PGeo, President & CEO For information, refer to the Company's website at www.rareelementresources.com or contact: Donald E Ranta, President & CEO, (604) 687-3520 don@rareelementresources.com Mark T. Brown, CFO, (604) 687-3520 ext 242 mtbrown@pacificopportunity.com Donald E. Ranta, PhD, PGeo, serves the Board of Directors of the Company as an internal, technically Qualified Person. Technical information in this news release has been reviewed by Dr. Ranta and has been prepared in accordance with Canadian regulatory requirements that are set out in National Instrument 43-101. This news release was prepared by Company management, who take full responsibility for content. The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of this release. | |
You can view the Next News Releases item: Mon Mar 23, 2009, Rare Element Reports More than 125% Increase in Rare-Earth Mineral Resource at Bear Lodge: 9.8 Million-Ton Inferred Mineral Resource Averaging 4.07% Rare-Earth Oxides You can view the Previous News Releases item: Wed Feb 4, 2009, Rare Element Reports Rare-Earths Drilling and Metallurgical Test Results You can return to the main News Releases page, or press the Back button on your browser. |