Rare Element Resources Boosts Magnet Material Estimates

Rare Element Res (REEMF) has released an update.

Rare Element Resources Ltd. has updated the mineral resource estimate for their Bear Lodge Project, enhancing the recovery of critical magnet materials like neodymium and praseodymium. Utilizing data from extensive core drilling and advanced proprietary technology, the company outlines promising resources across several deposits, with a focus on the high-yield oxide zones. The new findings underline the project’s potential, though economic viability and reserve conversion remain uncertain.

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