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Mark T. Brown Resigns as Director of Rare Element

by User Not Found | Apr 19, 2013
Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES) (the "Company") today announced that Mark T. Brown has resigned his position on the Board of Directors

Lakewood, Colorado - April 19, 2013 - Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES) (the "Company") today announced that Mark T. Brown has resigned his position on the Board of Directors. Mr. Brown was previously on the Company's Board from June, 1999 through February, 2012 and then again from December 11, 2012 through April 18, 2013. Mr. Brown resigned for personal reasons.

"On behalf of the Board of Directors and the Company, I'd like to extend my sincere gratitude to Mark for his contributions to Rare Element Resources over the prior years, as a director, a former CFO, and one of the founding shareholders," said Donald E. Ranta, Chairman of the Board of Directors. "Mark was instrumental in advancing our financial strategy to fund the Company and build a strong foundation in our early years."

Rare Element Resources Ltd. is a publicly traded mineral resource company focused on exploration and development of rare-earth elements (REEs), with a significant distribution of critical rare earths (CREEs). In addition to the REE exploration and evaluation efforts, the Company controls the Sundance gold project, which is located on the same property in Wyoming.

Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

For additional information please refer to the Company's website at www.rareelementresources.com or contact David Suleski, 720-278-2468.

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    Rare Element Resources
    Fact Sheet

    Rare Element Resources
    Technology Fact Sheet

    Most Recent Presentation
    The MoneyShow Orlando

    October 30, 2023

    Money Show Orlando - October 2023

    Technical Report Summary on Bear Lodge REE Project

    Updated Mineral Resource for Bear Lodge Focused on Key Magnet Materials


    Picture3


    Open House – October 09, 2023

    State and community leaders joined Senator Barrasso, Neal Blue and Brent Berg with the ceremonial groundbreaking shovel

    Ceremonial groundbreaking with Senator Barrasso, state and community leaders, Neal Blue (GA) and Brent Berg (RER) 

    The Company and General Atomics (GA), supported by state and community leaders, celebrated a ceremonial groundbreaking for their rare earth demonstration plant.

    The presentation at the Open House made by Mr. Berg can be found here.

    For a summary of the event, please click here.

    Please click here to see a video replay from the Newcastle News Letter Journal of the event.

    CEO Corner

    Commentary from Kelli Kast,
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    Continuing Our Progress

    As I step into the role of Interim President and Chief Executive Officer (“CEO”) for the coming weeks, I do so with confidence that we will seamlessly continue on the path the Board has set for us of progressing construction of the demonstration plant toward operations this summer, and in continuing to build awareness of the Company, the Bear Lodge Project, and the importance of establishing a secure domestic rare earth supply chain.

    Please click here to read full content

    Please click here to see appointed President and CEO Ken Mushinski's bio

    Demo Plant Construction Update (2/20/24)

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    Utilities Being Upgraded

    Services to the site are being upgraded, including power, water and sewer, to support future plant operations.  Mild weather has allowed us to progress this and other outdoor work.

    World-Class Technology Partner

    General Atomics Fact Sheet
    In 2017, an affiliate of General Atomics, one of the largest, most advanced technology companies in the world, took an equity position in Rare Element Resources.  Since that time, they have brought the full force of their technology development team enhance the Company's recovery/separation technology.
    To learn more about General Atomics Click Here

    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 rare earths that are essential for the magnet materials used in 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. 

    During the last few years, the Company, along General Atomics, whose affiliate is RER's majority shareholder, have been advancing their proprietary extraction/separation technology and have successfully produced commercial-grade neodymium/praseodymium (Nd/Pr) oxide in pilot-plant testing.  These materials are key components to the fast-growing, permanent magnet sector. The next step will be operations of a demonstration plant, which is currently under construction in Upton, WY.  Results generated from operating this plant will be used for the design and economic evaluation of a commercial rare earth processing facility. 

    Project Highlights

    • Proprietary Rare Earth Extraction/Separation Technology – Successfully advanced the Company’s technology and produced neodymium/praseodymium (Nd/Pr) oxide in pilot-plant testing. Construction of a demonstration plant is currently underway to prove the scalability of the process and define the requirements for a commercial plant.
    • World-Class Technology Partner and Majority Shareholder – General Atomics, through its affiliate, is the majority shareholder in Rare Element Resources, is a technology leader with a proven track record of bringing new ideas to market.  Their understanding of the strategic role rare earths play in numerous advancing technologies makes them keenly aware of the need for a secure, domestic supply of rare earths. Their relationship within the U.S. Government have been essential to our ability to advance our technology.
    • Bear Lodge Project – Well-defined resource with excellent concentrations of the rare earth elements essential to high-strength, permanent magnets and the many industries that depend on them.  Two of those industries, electric vehicles and wind turbines, are expected to drive a doubling of demand for magnet materials in the next 10 years.
    • Strategic Location – Located in northeast Wyoming, the Bear Lodge Project has easy access to a major interstate, transcontinental rail, natural gas and low-power.  The area has existing infrastructure with a ready and skilled workforce.  The State of Wyoming has a rich history of mineral development and a pro-business focus, and its leaders are actively committed to economic diversification. 
    • Strong Federal and State Support – Both the Department of Energy (DOE) and the Wyoming Energy Authority (WEA) have shown their support for the Project through funding of over $26M for the demonstration plant.  The DOE continues to pursue ways to secure sources for material that will be key to industrial needs, especially those that support the country’s initiative of reducing carbon emissions, like electric vehicles and wind turbines. The WEA is supporting the State’s desire to diversify employment and understands that Wyoming can play a key role in developing a domestic supply chain – from minerals to magnets. 
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