Rare Element Resources

Rare Element Resources Ltd. is a British Columbia-incorporated company (June 1999) with executive offices in Firestone, Colorado. The company is focused on two parallel initiatives: advancing its Bear Lodge Rare Earth Elements (REE) Project in northeastern Wyoming and demonstrating its proprietary REE processing and separation technology through a Demonstration Plant. Bear Lodge is considered one of the highest-grade REE deposits in North America, with a favorable distribution of critical rare earth elements (CREE), situated near Sundance, Wyoming, with a planned hydrometallurgical processing plant near Upton, Wyoming. The project was placed on care-and-maintenance in early 2016 but permitting efforts restarted in early 2026.

The Demonstration Plant is being developed through a consortium led by General Atomics, an affiliate of Synchron — the company's majority shareholder. The U.S. Department of Energy is funding $24.2 million of the estimated $77.5 million total project cost, the Wyoming Energy Authority has committed a $4.4 million...