Rare Element Resources
Bear Lodge Project
Canadian NI 43-101 PFS Technical Report
October 9
th
, 2014
10035-200-46 - Rev. 0
27-2
Chapter 3
“Mineral Lease and Option for Deed and Assignment” agreement between Phelps Dodge
Mining Company and Paso Rico (USA), Inc. dated March 30, 2000.
Amended “Mineral Lease and Option for Deed and Assignment” agreement between
Phelps Dodge Mining Company and Paso Rico (USA), Inc. dated August 9, 2001.
“Notice of Termination of Mineral Lease and Option For Deed” agreement, “Lease
Termination and Environmental Indemnity” agreement, and “Quitclaim Deed” and royalty
assignment agreement all signed by Paso Rico, (USA), Inc. and Phelps Dodge Mining
Company dated September 30, 2002.
“Bear Lodge Venture Agreement” signed by Paso Rico (USA), Inc. and Newmont North
American Exploration Limited dated June 1, 2006.
“Royalty Purchase & Sale Agreement” signed by Freeport McMoRan Corporation (formerly
Phelps Dodge Corporation) and Rare Element Resources Ltd. dated March 31, 2009.
“Termination of Bear Lodge Venture and Right of First Refusal” agreement signed by Paso
Rico (USA), Inc. and Newmont North American Exploration Limited dated May 14, 2010.
Chapter 4
“Property Description and Location was provided by Rare Element. This information was
reviewed by Jaye Pickarts, P.E. Chief Operating Officer, and Jerome Bensing, consulting
landman”
“General Property Map provided by Rare Element”
Chapter 5
“Climatic data from the radar station referenced in the Final Preliminary Assessment/Site
Inspection Report, Former PM-1 Reactor (US Air Force Air Combat Command, December
2006) are used for the Bear Lodge Mountains and are considered the most representative
for the study area.”
“Access Map Showing Bear Lodge, (Oakley 2012)”
“Upton Site Hydromet Site Plan, provided by Roche Engineering, 2014”
