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Rare Element Resources Receives Final Approval Required to Commence Operations of Rare Earth Demonstration Plant in Wyoming

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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) ha ricevuto l'approvazione finale per le operazioni dalla Commissione per la Regolamentazione Nucleare degli Stati Uniti per il suo impianto dimostrativo di lavorazione e separazione delle terre rare a Upton, Wyoming. Questo segue l'accettazione da parte del Dipartimento dell'Energia degli Stati Uniti del budget operativo e il relativo avviso di continuazione. L'impianto dimostrativo utilizzerà la tecnologia proprietaria dell'azienda per generare dati operativi ed economici per una futura struttura su scala commerciale.

L'azienda ha completato i lavori preliminari, compresa la preparazione del materiale di alimentazione dal suo progetto Bear Lodge, la finalizzazione dell'installazione delle attrezzature e l'implementazione dei sistemi di controllo. Wood plc è stata incaricata per il personale e attualmente i lavoratori stanno seguendo un addestramento mentre inizia la messa in funzione delle attrezzature.

Rare Element Resources (OTCQB: REEMF) ha recibido la aprobación operativa final de la Comisión Reguladora Nuclear de EE. UU. para su planta de demostración de procesamiento y separación de tierras raras en Upton, Wyoming. Esto sigue a la aceptación reciente del presupuesto operativo y aviso de continuación por parte del Departamento de Energía de EE. UU. La planta de demostración utilizará la tecnología patentada de la empresa para generar datos operativos y económicos para una futura instalación a escala comercial.

La empresa ha completado los trabajos pre-operativos, incluida la preparación del material de alimentación de su proyecto Bear Lodge, la finalización de la instalación de equipos y la implementación de sistemas de control. Wood plc ha sido contratada para la dotación de personal y los trabajadores están actualmente en formación mientras comienza la puesta en marcha del equipo.

Rare Element Resources (OTCQB: REEMF)는 와이오밍 주 업턴에 있는 희토류 가공 및 분리 시연 공장에 대해 미국 원자력 규제 위원회로부터 최종 운영 승인을 받았습니다. 이는 미국 에너지부의 최근 운영 예산 수용 및 지속 통지에 이어진 것입니다. 이 시연 공장은 회사의 독점 기술을 활용하여 향후 상업적 규모 시설을 위한 운영 및 경제 데이터를 생성할 것입니다.

회사는 Bear Lodge 프로젝트에서 공급 물질 준비, 장비 설치 완료 및 제어 시스템 구현을 포함한 사전 운영 작업을 완료했습니다. Wood plc는 인력 배치를 위해 계약을 체결했으며, 현재 근로자들은 장비 점검이 시작됨에 따라 교육을 받고 있습니다.

Rare Element Resources (OTCQB: REEMF) a reçu l'approbation opérationnelle finale de la Commission de régulation nucléaire des États-Unis pour son usine de démonstration de traitement et de séparation des terres rares à Upton, Wyoming. Cela fait suite à l'acceptation récente du budget opérationnel et à l'avis de continuation du Département de l'énergie des États-Unis. L'usine de démonstration utilisera la technologie exclusive de la société pour générer des données opérationnelles et économiques pour une future installation à échelle commerciale.

L'entreprise a terminé les travaux pré-opérationnels, y compris la préparation du matériau d'alimentation de son projet Bear Lodge, la finalisation de l'installation des équipements et la mise en œuvre des systèmes de contrôle. Wood plc a été chargée de constituer le personnel, et les travailleurs suivent actuellement une formation alors que la mise en service du matériel commence.

Rare Element Resources (OTCQB: REEMF) hat von der U.S. Nuclear Regulatory Commission die endgültige Genehmigung für den Betrieb seiner Demonstrationsanlage zur Verarbeitung und Trennung von Seltenen Erden in Upton, Wyoming, erhalten. Dies folgt der kürzlichen Annahme des Betriebsbudgets und dem Fortsetzungshinweis des U.S. Department of Energy. Die Demonstrationsanlage wird die firmeneigene Technologie nutzen, um betriebliche und wirtschaftliche Daten für eine zukünftige kommerzielle Anlage zu generieren.

Das Unternehmen hat die vorbereitenden Arbeiten abgeschlossen, einschließlich der Vorbereitung des Rohmaterials aus seinem Bear Lodge Projekt, der Fertigstellung der Anlagentechnik und der Implementierung von Kontrollsystemen. Wood plc wurde beauftragt, das Personal zu stellen, und die Mitarbeiter absolvieren derzeit Schulungen, während die Inbetriebnahme der Geräte beginnt.

Positive
  • Received final regulatory approval from NRC to commence operations
  • DOE operations budget acceptance and continuation notice secured
  • Pre-operational work completed including equipment installation
  • Staffing and training in progress through Wood plc contractor
Negative
  • None.

Staffing in place and operations shakedown underway

LITTLETON, Colo.--(BUSINESS WIRE)-- Rare Element Resources Ltd. (the “Company” or “RER”) (OTCQB: REEMF) is pleased to announce it has received the U.S. Nuclear Regulatory Commission (the “NRC”) operations approval under the previously issued license. This final approval, which was required for the commencement of operations at the Company’s rare earth processing and separation demonstration plant in Upton, Wyoming (the “Demonstration Plant”) follows the recently announced U.S. Department of Energy’s (the “DOE”) operations budget acceptance and issuance of its continuation notice approving operations. The Demonstration Plant, which has been designed to advance the Company’s proprietary processing and separation technology, is expected to generate the operational and economic data necessary for the design of a commercial-scale plant.

Jaye Pickarts, a long-time consultant to the Company who was appointed as the Company’s Chief Operating Officer in early October, commented, “Following our previously announced DOE operations approval, we progressed the final pre-operational work at the plant, including preparing the sample feed material from our Bear Lodge project, and finalizing the plant’s equipment installation and interconnections, including final electrical, instrumentation and controls, and mechanical systems. Currently, pre-startup testing of each of the plant’s processes as well as installation of our one-of-a-kind proprietary control system are progressing. The receipt of the NRC amendment now clears the way for the shakedown of equipment to commence, leading to the planned progression to full operations.” Mr. Pickarts added, “Led by our experienced plant manager, our staffing contractor, Wood plc out of Sheridan, Wyoming, has mobilized workers who are undertaking training. With these key approval milestones behind us, we can begin to realize our goal of unlocking the key information for progressing a commercial-scale plant.”

Rare Element Resources Ltd. is a publicly traded, strategic materials company focused on delivering rare earth products for technology, energy, and defense applications by advancing the Bear Lodge 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 high-strength permanent magnets, electronics, fiber optics, laser systems for medical technology and defense, as well as technologies like electric vehicles, solar panels, and wind turbines.

Forward-Looking Statements

This news release contains forward-looking statements and information within the meaning of securities legislation in the United States and Canada (collectively, “forward-looking statements”). Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward-looking statements are usually identified by our use of certain terminology, including “will,” “believes,” “may,” “expects,” “should,” “seeks,” “anticipates,” “plans,” “has potential to,” or “intends” (including negative and grammatical variations thereof), or by discussions of strategy or intentions. Such forward-looking statements include statements regarding expectations that the Demonstration Plant will generate the operational and economic data necessary for the design of a commercial-scale plant and the Demonstration Plant’s progress towards full operations. Factors that could cause actual results to differ materially from those contemplated, expressed or implied by the forward-looking statements contained in this news release include, but are not limited to, the ability to operate the Demonstration Plant for a sufficient amount of time to ascertain commercialization decisions, the ability to obtain and maintain Demonstration Plant licensing and permits, the possible full impacts of inflation and supply chain issues, such as delays or further cost increases, and other matters discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and our other periodic and current reports filed with the U.S. Securities and Exchange Commission (the “SEC”) and available on www.sec.gov and with the Canadian securities commissions available on www.sedarplus.ca. There can be no assurance that future developments affecting the Company will be those anticipated by management. Please refer to the discussion of these and other uncertainties and risk factors set out in our filings made from time to time with the SEC and the Canadian regulators, including, without limitation, our reports on Form 10-K and Form 10-Q. Any forward-looking statement made by us in this news release is based only on information currently available to us and speaks only as of the date on which it is made. While we may elect to update our forward-looking statements at any time, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Please contact Wayne Rich, Chief Financial Officer, at +1 720-278-2460 or wrich@rareelementresources.com, for additional information.

Source: Rare Element Resources Ltd.

FAQ

What regulatory approval did Rare Element Resources (REEMF) receive for its Wyoming demonstration plant?

Rare Element Resources received U.S. Nuclear Regulatory Commission (NRC) operations approval under the previously issued license for its rare earth processing and separation demonstration plant in Upton, Wyoming.

What is the purpose of Rare Element Resources' (REEMF) demonstration plant in Wyoming?

The demonstration plant is designed to advance the company's proprietary processing and separation technology and generate operational and economic data necessary for designing a commercial-scale plant.

Who is providing staffing for Rare Element Resources' (REEMF) Wyoming demonstration plant?

Wood plc, based in Sheridan, Wyoming, is the staffing contractor providing workers for the demonstration plant.

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