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Most Recent Presentation
2023 Annual Meeting 8/22/23

Annual General Meeting_Aug2023

Most Recent Annual Report and Proxy Circular

Annual Report (Year End 2022)

Proxy Circular (2023)

Historical Study/Report

Please see "Cautionary Note to Investors" link at bottom of the page regarding the historical nature of the Technical Report.

CEO Corner

Commentary from
Brent Berg, President, CEO and Director

What We Need Means We Need Mining

As Americans, we are fortunate to live in a society where we generally have access to important technology for medical care, transportation, communication devices, and more. Many Americans would have difficulty conceptualizing a world in which that access does not exist. 

Please click here to read more.


Demo Plant Progress Update (8/11/23)

Equipment arriving at Project Team's offsite integrator's facility.

To help expedite construction of the demonstration plant, the consortium has been acquiring long-lead time equipment, components of which will be assembled on skids, tested and delivered to the plant site in Upton, WY, during formal construction.

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 critical rare earths that are essential for 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 with affiliates of its majority shareholder, General Atomics, 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 a demonstration plant that is expected to begin construction in Upton, WY, in the fourth quarter of 2023, pending receipt of the necessary licenses and permits.  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. Design is complete for construction of a demonstration plant 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 critical rare earth elements, including those 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. 
  • 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, which is more than half of the estimated $44M in costs.  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.