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Rare Element Announces Appointment of Gerald W. Grandey as Chairman of the Board

by User Not Found | Jun 11, 2015
Rare Element Resources Appoints Gerald W. Grandey as Chairman at 2015 Annual General Meeting

Voting Results from Annual Meeting of Shareholders

June 11, 2015 - Lakewood, Colorado - Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES) (the “Company”), a strategic materials company focused on delivering rare earth products to technology industries by advancing the Bear Lodge Critical Rare Earth Project in northeast Wyoming, announced that all seven director-nominees were elected by the shareholders of the Company at the 2015 Annual General Meeting held on June 10, 2015.  Additionally, Mr. Gerald “Jerry” W. Grandey was appointed by the Company’s Board to serve as Chairman, replacing Lowell A. Shonk who had been in the role of Interim Chairman since February, 2015.  Mr. Grandey has been a member of Rare Element Resources’ Board since August, 2013 and has over 30 years of high-level executive experience in the natural resource sector, most recently as Chief Executive Officer and a member of the Board of Cameco Corporation, one of the world’s largest uranium producers. 

“Jerry not only has a wealth of industry experience, but the Company will also benefit from his leadership, technical and marketing-related skills as we continue to position ourselves to help meet the need for rare earth products in the technology sector,” said Randall J. Scott, President and Chief Executive Officer.  “Throughout his career, Jerry has proven himself to be a thoughtful leader with international experience who makes things happen, winning numerous industry awards over the years, including being recognized by the Harvard Business Review as one of the Top 100 CEO’s in the world in 2010.  It is this vision that will help us continue to move the Bear Lodge Project forward and allow us to develop the relationships we need with those companies that understand the value of the products we expect to produce and the need for a North American rare earth supply source.

“We want to thank Lowell for assuming the role of interim Chairman.  His leadership on the Company’s Board is highly valued, including his continuation as chair of both the Audit and Finance Committees.”

The Company also announced that all seven of the director nominees listed in the Company's management information circular dated April 30, 2015 were re-elected today.  Shareholders also ratified the re-appointment of EKS&H, LLLP, Certified Public Accountants, as the auditors of the Company.   Shareholders representing 56.07% of the 47,707,216 shares outstanding on the record date of April 16, 2015, were represented in person or by proxy at the meeting. The tables below provide the details for votes cast for the director-nominees and the ratification of auditors.

                                                 Votes in Favor                Votes Withheld  

Board Member                         Number of votes %          Number of Votes  %  

M. Norman Anderson                 6,648,434     95.32           326,451         4.68  

Norman W. Burmeister               6,487,252     93.01           487,633         6.99  

Gerald W. Grandey                    6,692,848     95.96           282,037         4.04  

F. Steven Mooney                     6,664,816     95.55           310,069         4.45  

Paul J. Schlauch                       6,453,767     92.53           521,118         7.47  

Randall J. Scott                         6,651,673     95.37           323,212        4.63  

Lowell A. Shonk                         6,647,247     95.30           327,638        4.70      

                                                  Votes in Favor               Votes Withheld

                                              Number of votes  %          Number of Votes  %

Ratification of EKS&H, LLLP,

Certified Public Accountants

as Auditor                               25,990,912      97.15          761,494        2.85  

The Board of Directors for Rare Element Resources would like to thank its shareholders for their continued support.

Rare Element Resources Ltd. is a publicly traded, mineral resource company focused on delivering strategic materials to technology industries by advancing plans to develop the Bear Lodge Critical Rare Earth Project in northeast Wyoming.  Bear Lodge is a significant mineralized district containing many of the less common, more valuable critical rare earths that are essential for electronics, fiber optics, laser systems for health and defense, as well as many evolving green technologies, like hybrid cars, solar panels and wind turbines. Permitting and feasibility work on the Project continue to advance.  The Company is an affiliate member of the U.S. Department of Energy’s Critical Materials Institute, a combined government and private sector organization committed to eliminating supply chain issues for rare earths and other critical elements.

For additional information, please visit the Company’s website at www.rareelementresources.com or contact Robbin Lee at 720-278-2462 or rlee@rareelementresources.com.

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Rare Element Resources
Technology Fact Sheet

Most Recent Presentation
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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,
Interim President, CEO and Director

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)

Utility Upgrades

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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