Rare Element Res Ltd - REEMF STOCK NEWS

Rare Element Resources (OTCQB: REEMF) has received a non-binding Letter of Interest from the Export-Import Bank of the United States (EXIM) for potential debt financing of up to $553 million for the Bear Lodge Project development. This coincides with a Presidential Executive Order issued on March 20, 2025, directing federal agencies to accelerate permitting, funding, and offtake agreements for critical minerals, including rare earths.

The company's rare earth demonstration plant is currently undergoing Factory Acceptance Testing, with operations expected to commence in mid-2025. The plant will operate for up to 10 months, producing up to 10 tons of Nd/Pr oxide to support discussions with potential strategic partners and offtake customers. The project aims to deliver rare earth products for technology, energy, and defense applications.

Rare Element Resources (OTCQB: REEMF) reports progress on its rare earth processing and separation demonstration plant in Upton, Wyoming. The plant has completed equipment shakedown and is in final commissioning stages, with initial production expected by Q1 2025.

The facility will utilize proprietary technology to generate operational and economic data for a future commercial-scale plant. With Bear Lodge feed material prepared, permits secured, and Wyoming-based operations staff trained, the company is ready to begin phased extraction and separation processing.

The plant will operate for up to 10 months, producing up to 10 tons of Nd/Pr oxide. This aligns with the new Federal administration's focus on critical minerals, highlighted by the "Unleashing American Energy" Executive Order, which emphasizes domestic rare earth production and processing for defense and high-tech applications.

Rare Element Resources (OTCQB: REEMF) has received final operational approval from the U.S. Nuclear Regulatory Commission for its rare earth processing and separation demonstration plant in Upton, Wyoming. This follows the U.S. Department of Energy's recent operations budget acceptance and continuation notice. The demonstration plant will utilize the company's proprietary technology to generate operational and economic data for a future commercial-scale facility.

The company has completed pre-operational work, including preparing feed material from its Bear Lodge project, finalizing equipment installation, and implementing control systems. Wood plc has been contracted for staffing, and workers are currently undergoing training as equipment shakedown begins.

Rare Element Resources (OTCQB: REEMF) has received U.S. Department of Energy (DOE) approval for the operations phase of its rare earth processing and separation demonstration plant in Wyoming. The DOE has issued the second and final Project Continuation Notice, allowing operations to commence in Q4 2024, pending U.S. Nuclear Regulatory Commission approval.

The DOE has also increased the project's cost-share budget to approximately $53.6 million, with federal cost-share rising by 10% to about $24.2 million. RER anticipates total project costs to exceed this budget due to post-pandemic supply chain issues, inflation, and design refinements.

The demonstration plant aims to advance RER's proprietary technology and generate data for a commercial-scale plant design. Wood plc has been engaged as the operations staffing contractor, preparing for approximately 20 full-time positions.

Rare Element Resources (REEMF) has provided an update on the construction of its rare earth recovery and separation plant in Upton, Wyoming. Site preparations are nearly complete, and essential equipment has been delivered. The project, directed by Loenbro, aims to commence operations in Q3 2024. An updated budget of $53.6 million was submitted to the DOE for approval, reflecting a 21% increase due to inflation. The DOE's decision is expected by September 1, 2024. The company is prepared to cover additional costs from its recent rights offering. The plant will undergo a 12-month operational phase for data collection to support commercialization.

Rare Element Resources appoints Ken Mushinski as President and CEO, succeeding Brent Berg. Mushinski brings extensive experience in corporate development and project execution, particularly in the uranium industry. The appointment aims to drive strategic partnerships and investments for the Bear Lodge Project's development.

Rare Element Resources Ltd. announces oversubscribed rights offering, raising approximately US$35.8 million. The offering resulted in the issuance of 298.1 million common shares at US$0.12 per share, with majority shareholder Synchron owning around 70.6% of the total shares. The proceeds will support the Bear Lodge rare earth elements project and other corporate purposes.

Rare Element Resources Ltd. (REEMF) completes a new mineral resource estimate focused on key magnet materials like neodymium and praseodymium at the Bear Lodge Project in Wyoming. The estimate utilizes data from 252 core holes and pilot plant testing. The estimated mineral resource includes measured, indicated, and inferred categories, emphasizing the potential for rare earth demand growth in defense and green technologies.

Rare Element Resources Ltd. (REEMF) commences a rights offering to raise up to $35.8 million. Shareholders receive subscription rights to purchase common shares at $0.12 per share. The offering includes an oversubscription privilege. The proceeds will fund the Bear Lodge REE Project, supporting commercialization and operational activities. U.S. and Canadian holders receive detailed instructions on exercising their subscription rights. The offering is expected to expire on March 11, 2024, with plans for strategic use of net proceeds.