Rare Element Resources Ltd. (REEMF: OTCQB) | Rare Element Resources Provides Rare Earth Demonstration Plant Update
Rare Element Resources Demonstration Plant Update
Project Highlights
- Location: Upton, Wyoming
- Status: Final stages of commissioning
- Initial production expected: End of Q1 2025
- Planned operation duration: Up to 10 months
- Production target: 10 tons of Nd/Pr oxide
Key Operational Milestones
- Equipment shakedown process completed
- Bear Lodge feed material prepared and stockpiled
- Permitting and licensing finalized
- Wyoming-based operations staff mobilized and trained
Strategic Context
- Aligns with new Federal administration’s critical minerals initiative
- Supports “Unleashing American Energy” Executive Order
- Aims to establish domestic rare earth mineral supply chain
- Focused on critical minerals for defense and high-tech applications
Company Objectives
- Generate operational and economic data for commercial-scale plant
- Produce rare earth materials for technology, energy, and defense sectors
- Support discussions with potential strategic partners
Project Significance
- Addresses U.S. need for domestic rare earth mineral production
- Targets magnet materials essential for advanced technologies
- Potential to reduce reliance on foreign mineral sources
The demonstration plant represents a strategic effort to develop a secure, domestic rare earth mineral processing capability.
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