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Rare Element Resources ( (REEMF) ) has issued an update.
Rare Element Resources Ltd. announced progress on its rare earth processing and separation demonstration plant in Upton, Wyoming, with commissioning expected by the end of 2025 and full operations in early 2026. The plant, partially funded by the U.S. Department of Energy and the Wyoming Energy Authority, aims to produce up to 10 tons of separated neodymium/praseodymium oxide. The company is also resuming permitting for the Bear Lodge Critical Rare Earth Project, positioning itself as a secure domestic source of rare earth elements amid global market pressures.
More about Rare Element Resources
Rare Element Resources Ltd. is a publicly traded strategic materials company focused on delivering rare earth products for technology, energy, and defense applications. The company is advancing the Bear Lodge Rare Earth Project in northeast Wyoming, utilizing proprietary processing and separation technology to produce critical rare earths essential for high-strength permanent magnets, electronics, and various technologies.
Average Trading Volume: 856,891
Technical Sentiment Signal: Buy
Current Market Cap: $500.7M
Learn more about REEMF stock on TipRanks’ Stock Analysis page.