RARE ELEMENT RESOURCES LTD.

Rare Element Resources Ltd., through the development of the Bear Lodge Project, is striving to become the cornerstone to a secure domestic REE supply chain. The company engages in the exploration of mineral properties in the United States and Canada, with a focus on its Bear Lodge property. Rare Element Resources has a market cap of $463.954M. The company holds 100% interest in the Bear Lodge REE project. The company is headquartered in Littleton, Colorado. The US Export-Import Bank (EXIM) has expressed interest in providing a loan of up to $553 million for Rare Element Resources to develop its Bear Lodge rare earths project in northeastern Wyoming. Rare Element Resources expects operations at the demonstration plant to commence in mid-2025, running for up to 10 months and producing up to 10 tonnes of neodymium-praseodymium oxide.