TSX-V: RES
VANCOUVER, June 28 /PRNewswire-FirstCall/ - Rare Element
Resources Ltd. (TSX-V: RES) ("Rare Element" or the "Company") is
pleased to provide an update covering recent accomplishments of the
Company's government and public relations program that was
announced on April 27, 2010.
According to George Byers, who
directs this program for Rare Element, "Our objective is to educate
and provide continual progress updates to the business and
political leadership of Wyoming.
Rare Element believes that a positive working relationship based on
trust can best be developed by listening to and understanding
community concerns as we provide accurate and timely information to
community and state leaders. These lines of communication will
produce valuable feedback to guide Rare Element and expedite the
Company's work to permit and operate these important projects."
Rare Element has instituted a series of informational meetings
and presentations, including a meeting with Wyoming Governor Freudenthal on May 20. Additional meetings were held with the
Director of Wyoming's Department
of Environmental Quality, and with the state directors and key
local representatives of US Senators Michael Enzi and John
Barrasso and Congressman Cynthia
Lummis, all from Wyoming. A
meeting was also held with Congressman Michael Coffman of Colorado, who has introduced into the House of
Representatives two pieces of legislation that support the
redevelopment of a U.S. rare-earths industry. The Company has made
informational presentations to the Wyoming Geological Association
on May 21, to Crook County government leadership including
the mayors of Sundance,
Hulett, and Moorcroft, the chairman of the Crook County Commission, an Area State
Representative, and representatives of the U.S. Forest Service on
June 15.
Wyoming State Senator Jim
Anderson of Glenrock, who
recently visited China and is
keenly aware of America's critical need to develop a domestic
source of rare earth elements for defense, clean energy, and
technology applications, said, "The Bear Lodge Project has become
one of my top three important projects statewide. Its success will
help America strike a blow for independence in rare earth element
production and benefit Wyoming
immensely in many ways."
Rare Element has also made presentations to other key members of
Crook County's leadership, key
members of Wyoming's Legislature,
the Wyoming Mining Association, and the Northeast Wyoming Economic
Development Coalition (NEWEDC). Linda
Harris, the Executive Director of NEWEDC in Gillette, believes the "Bear Lodge Project
will actually enhance Sundance by
providing a long-term source of skilled, high tech, safe and
long-time sustaining jobs. Wyoming
has so many unique attributes like Devil's Tower, Yellowstone, the
world's largest coal deposits - now we have a new jewel in
Crook County. Bear Lodge is very
exciting for Crook County's future
and what it will give back to the communities there and to
America."
"We are highly encouraged with the progress of this government
relations program and the important guidance it has already
produced for us," stated Dr. Don
Ranta, President of Rare Element. "With our growing resource
base, the planned completion of a scoping study later this summer,
and the excellent human and physical infrastructure available to us
in northeast Wyoming, our
confidence in the ultimate success of the Bear Lodge Project
continues to grow."
Rare Element Resources Ltd (TSX-V:RES) is a publicly traded
mineral resource company focused on exploration and development of
rare-earth elements and gold on the Bear Lodge property.
Rare-earth elements are key components of the green energy
technologies and other high-technology applications. Some of the
major applications include hybrid automobiles, plug-in electric
automobiles, advanced wind turbines, computer hard drives, compact
fluorescent light bulbs, metal alloys, additives in ceramics and
glass, petroleum cracking catalysts, and a number of critical
military applications. China
currently produces more than 95% of the 130,000 metric tonnes of
rare-earths consumed annually worldwide, and China has been reducing its exports of rare
earths each year. The rare-earth markets are growing rapidly, and
are projected to accelerate if the green technologies are
implemented on a broad scale.
ON BEHALF OF THE BOARD
Donald E. Ranta, PhD, PGeo,
President & CEO
Donald E. Ranta, PhD, PGeo,
serves the Board of Directors of the Company as an internal,
technically Qualified Person. Technical information in this news
release has been reviewed by Dr. Ranta and has been prepared in
accordance with Canadian regulatory requirements that are set out
in National Instrument 43-101. This news release was prepared by
Company management, which takes full responsibility for
content.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Rare Element Resources Ltd.