RARE ELEMENT RESOURCES LTD

Exercised its option to buy back the 640 acres it sold to Whitelaw Creek in 2016, paying 5 million shares plus $1.507 million cash to reclaim land needed for the Bear Lodge stockpile facility as the project advances toward production.

asset acquisition disposition

Published a new S-K 1300 mineral resource estimate for Bull Hill deliberately refocused on the magnet-material elements (neodymium, praseodymium, terbium, dysprosium) using a higher-grade, smaller-pit design — a strategic pivot toward the highest-value rare earths as the demonstration plant that will process them is under construction in Upton, Wyoming, under new CEO Brent Berg.

resource reserve update

Finalized a $4.4 million grant from the Wyoming Energy Authority to help fund the rare-earth demonstration plant, adding state-level backing alongside the federal DOE award.

material agreement

Agreed to fund its share of a U.S. Department of Energy-backed rare-earth separation and processing demonstration plant near Bear Lodge, assuming General Atomics' 50% cost-share obligation under a $44 million DOE cooperative agreement (up to $21.9 million in federal funding) — a major validation, contingent on completing a $25 million rights offering.

debt financing

Synchron — now the company's largest shareholder at 48.3% — loaned it $1 million at 8% interest to cover costs of an in-progress rights offering and early work on a planned rare-earth separation and processing demonstration plant near Bear Lodge, a related-party transaction approved with Synchron's own board designees abstaining.

capital raising announcement

Closed the General Atomics investment: its affiliate Synchron paid $4.752 million for a 33.5% stake plus an option toward 49%, gained two board seats and minority-protection voting rights, and took rights to the company's REE separation technology — resolving the financing crisis, though the project remained on a care-and-maintenance program.

asset acquisition disposition

Signed a term sheet for a strategic investment by General Atomics: $4.75 million for a 33.5% stake, an option to reach 49%, and rights to the company's rare-earth processing and separation technology — a potential lifeline after years of financial distress.

capital raising announcement

Sold 640 acres of non-core land near Bear Lodge (eyed for a future ore-stockpile site) to Whitelaw Creek LLC for $600,000 cash, retaining a right to buy it back later for $900,000-$1 million — a liquidity-raising move consistent with the company's post-delisting financial strain.

asset acquisition disposition

RARE ELEMENT RESOURCES LTD's securities were notified for removal from listing and registration on its exchange.

listing compliance notice

Voluntarily delisted from the NYSE MKT exchange and moved to the OTC Pink marketplace, a downgrade reflecting the company's weakened financial position amid the prolonged rare-earth price slump.

listing compliance notice

Updated the Bear Lodge Pre-Feasibility Study with a smaller, cheaper design (initial capital cut from $375 million to $290 million) that still delivered a $330 million after-tax NPV and 29% IRR — a deliberate scale-down to stay viable through a weak rare-earth pricing environment, with an expanded 40+ year resource base.

resource reserve update

Raised $8 million in a registered offering to institutional investors (plus an option for $4 million more), with participation rights in future financings — capital to keep advancing Bear Lodge toward a bankable feasibility study.

material agreement

Delivered a positive Pre-Feasibility Study for Bear Lodge: technically feasible with robust returns, life-of-mine capital costs estimated at $445.9 million, clearing the way toward a bankable feasibility study.

resource reserve update

Reported the best gold drilling results in the district's history from its Sundance Gold Project — which surrounds the Bull Hill REE deposit on the same Bear Lodge property — including a new high-grade discovery at the Smith target.

drilling result

Raised its Bull Hill measured-and-indicated resource 38% to 6.8 million tons at 3.75% rare-earth oxide, with total contained REO across all deposits up 26% to 1.83 billion pounds, feeding into the pre-feasibility study due in Q1 2012.

resource reserve update

Reported initial 2011 drilling results from 21 holes at Bear Lodge: strong rare-earth intercepts at Bull Hill and Whitetail Ridge, plus a new discovery at East Taylor where rare earths and gold overlap in the same holes.

drilling result

Completed bench-scale metallurgical testing on high-grade rare-earth vein material from the Bull Hill deposit at its Bear Lodge project in Wyoming, predicting 80-85% REO recovery and moving into pilot-plant testing — the technical basis for a coming pre-feasibility study.

resource reserve update

the New York Stock Exchange certified RARE ELEMENT RESOURCES LTD's securities for listing, clearing them to begin trading.

listing compliance notice