Rare Element Resources Ltd (REEMF)

[chico237]

"In the case of RER it may be that a full scale solvent
extraction plant will ultimately be constructed using the R&D
work done by RER, before GA bought into it. A pilot plant was
built in Germany by a GA subsidiary to prove out the efficacy
of the solvent extraction system using RER ore (bastnaesite)
from its Bear Lodge deposit in Wyoming. The development of a
mine at Bear Lodge, however, is estimated to require at least
$350 million more."
Please see attached article/s below ( a good read)
https://investorintel.com/category/markets/technology-metals/technology-metals-intel/?print=pdf-search

Half of the float in REEMF (Bear Lodge open pit project) is in strong hands. They have @ 24 months to prove out/scale this new pilot plant and should be looking to firm up any outstanding permits etc. as they move towards finance.
General Atomics could be seeking to attain access to their own critical minerals supply chain by either buying out & developing the project themselves or several other alternatives could also be in play as the project moves forward.
I believe this project will be built @ 3-4year time frame to establish multiple REE sources and a secure supply chain for the U.S. Also of interest & possible mine candidates UURAF, TMRC & NIOBF to look at & compare...

GLTA those long termers here I do have a small position in REEMF.
All IMHO & always do your own DD

Chico