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Rare Element Res Ltd (REEMF) provides essential rare earth elements for advanced technologies through strategic exploration and processing operations. This news hub offers investors and industry professionals centralized access to authoritative updates about the Wyoming-based resource company.
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Rare Element Resources Ltd. has announced the retirement of
Rare Element Resources Ltd. (OTC-PINK: REEMF) announced significant progress on its rare earth processing and separation demonstration project in Upton, Wyoming. The project, led by General Atomics, has achieved a 60% design completion, with plans for final engineering by year-end. The $44 million project is partially funded by the Department of Energy, addressing domestic rare earth supply needs. Permitting and construction activities are ongoing, with operations expected to commence within 40 months from the start date in October 2021.