VANCOUVER, Sept. 23 /PRNewswire-FirstCall/ - Rare Element
Resources Ltd. (AMEX: REE and TSX-V: RES) is pleased to announce
that the Company made a presentation on the Bear Lodge rare-earths
project to the Wyoming Legislature's Joint Minerals, Business and
Economic Development Interim Committee on September 21, 2010. The joint committee consists
of many of the key senators and representatives in the state
legislature. Rare Element presented at the Committee's request. The
Committee's goals are to diversify the Wyoming economy, maintain a business-friendly
State for existing businesses, and market Wyoming's vast natural resources.
The presentation by Rare Element Resources' President and CEO,
Donald E. Ranta, PhD, was entitled,
"The Bear Lodge Rare-Earths Project, Crook County, Wyoming." The Committee was
introduced to the Bear Lodge Project, as well as sources and
applications of rare-earth elements. The update covered the growing
Bear Lodge rare-earths resource base, the status of current
technical activities, and the increasing likelihood for Bear Lodge
to become the United States'
second primary rare-earths mine. Dr. Ranta also described other
Company activities, including the encouraging 2010 drilling and
metallurgical test results, the sequence of milestones required
prior to a production decision, and the Company's continued
community and statewide public relations and education program.
The Bear Lodge Project is now at the advanced exploration stage
and moving into evaluation, permitting, and eventual development
and construction. The Company will soon achieve its next
significant milestone with the release of its forthcoming Scoping
Study (Preliminary Economic Assessment) for the Bear Lodge
Project.
Rare Element Resources Ltd (AMEX: REE & 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 market is growing rapidly, and is
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, who take 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.
Copyright . 23 PR Newswire