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Rare Element Resources Provides Operations Update

Rare Element Resources Ltd. (RES.TO) announced the identification of high grades of heavy rare-earth elements (HREE) in the Whitetail Ridge resource area, and the East Taylor and Carbon target areas, and the discovery of high-grade REE mineralization at the East Taylor target at the Bear Lodge project (Figure 1). All three of the mineralized zones are located in the western half of an expanding rare-earth mineralized district (the Bear Lodge REE District). The western areas are characterized by high grades (>3% REO) and substantial quantities of the light rare earths (LREE), along with some of the highest grades of heavy rare earths in North American deposits. They are particularly enriched in europium, terbium, dysprosium, and gadolinium (Eu, Tb, Dy, and Gd). The East Taylor and Carbon targets also contain significant yttrium.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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