Rare Element Resources LTD

Rare Element Resources Ltd. is a U.S.-based mineral development company focused on the Bear Lodge rare earth element project in northeast Wyoming. The company also owns proprietary rare earth processing and separation technology and operates through its wholly owned Wyoming subsidiary, Rare Element Resources, Inc.

14.17

14.17

— Rare Element Resources LTD
%
Rare earth project development50% Advancement of the Bear Lodge REE Project through permitting, licensing, and technical work.
Demonstration plant operations30% Operation of a plant used to test extraction and separation performance on sample materials.
Proprietary processing technology20% Patented and trade-secret rare earth beneficiation, extraction, and separation methods.

Rare Element does not operate as a conventional commercial supplier today; its near-term counterparties are primarily...

  • Government and public-sector partnersprimary

    Support permitting, licensing, and demonstration funding for domestic critical minerals capacity.

  • Future rare earth oxide buyersprimary

    Potential industrial customers that would purchase separated REEs for downstream processing.

  • Magnet and advanced materials supply chainsecondary

    Companies needing NdFeB-related rare earth inputs for permanent magnets and related applications.

  • Technology and engineering partnerssecondary

    Specialists involved in plant design, process validation, and commercialization support.

The company is incorporated in British Columbia but is operationally centered in the United States, with its executive...

  • •Incorporated in British Columbia, Canada
  • •Executive office in Firestone, Colorado, USA
  • •Bear Lodge project in northeast Wyoming near Sundance
  • •Planned hydrometallurgical plant near Upton, Wyoming
  • •U.S. permitting and domestic supply-chain policy are central

The company’s strategy is to prove its proprietary rare earth processing technology through the Demonstration Plant and...

01
Demonstration Plant executionshort-term

Validating the process is necessary before a commercial decision can be made.

02
Permitting and licensing for Bear Lodgemedium-term

Commercial development depends on regulatory approvals and operating licenses.

03
Commercialization of rare earth separation technologylong-term

The company aims to translate its patents and process know-how into a scalable business.

Rare Element’s business depends on successful technical validation, regulatory approvals, and continued access to...

high

Demonstration Plant underperformance

The company needs operating data to make a commercialization decision.

Scope
Bear Lodge Demonstration Plant
Materiality
high
high

Permitting and licensing delays

Project advancement depends on regulatory approvals for construction and operation.

Scope
Bear Lodge REE Project
Materiality
high
high

Rare earth market concentration in China

China dominates mine production and refined supply, influencing pricing and availability.

Scope
REE supply chain and product pricing
Materiality
high
high

Technical and scale-up risk

Bench-scale and pilot results may not translate to commercial performance.

Scope
Processing and separation technology
Materiality
high
medium

Capital access and partner dependence

Development requires external funding and support from government or consortium partners.

Scope
Demonstration Plant and project development
Materiality
high
medium

Cybersecurity and IT disruption

Operational and reporting systems could be interrupted or compromised.

Scope
Corporate and project systems
Materiality
medium
Reclamation and remediation obligations
Can materially affect liabilities and expense recognition
Deferred tax asset valuation allowance
Suppresses balance-sheet tax assets and affects effective tax rate
Government cost-share and related-party funding
Affects project financing, expense allocation, and disclosure
Impairment of project and technology assets
Could trigger write-downs if technical or permitting milestones slip

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: 29/04/2026