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Rare Element Resources Reports Progress on U.S. Department of Energy Funding for Rare Earth Separation and Processing Demonstration Plant

Demonstration plant will utilize the Company’s proprietary technology to produce commercial-grade high-purity oxide for U.S. rare earth magnet production.LITTLETON, Colo. (BUSINESS WIRE) Rare Element Resources Ltd. (the “Company” or “RER”) (OTCQB: REEMF) is pleased to provide an update regarding the progress of pre-award negotiations with the U.S. Department of Energy ....

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Rare Element Resources Named U.S. Department of Energy Funding Recipient for Rare Earth Separation and Processing Demonstration Project

Press release content from Business Wire. The AP news staff was not involved in its creation.
Rare Element Resources Named U.S. Department of Energy Funding Recipient for Rare Earth Separation and Processing Demonstration Project
January 21, 2021 GMT
LITTLETON, Colo. (BUSINESS WIRE) Jan 21, 2021
Rare Element Resources Ltd. (the “Company”) (OTCQB: REEMF) is pleased to announce that formal notice has been received from the U.S. Department of Energy (“DoE”) that General Atomics, an affiliate of Synchron, the Company’s largest shareholder, along with Rare Element Resources, Inc. (“RER”), a wholly-owned subsidiary of the Company, have been selected to enter negotiations in relation to a financial award under the Critical Materials Funding Opportunity Announcement (“FOA”) for the engineering, construction and operation of a rare earth separation and processing demonstration plant. ....

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What Is Going On With Rare Earths Going Into Next Year?

What Is Going On With Rare Earths Going Into Next Year?
Smartphones, laptops, wind turbines, electric cars, and medical devices you name it.
They re also widely used in defense technology, like jets and guided missile systems.
Neodymium, dysprosium, praseodymium, and terbium, for example, are all used in high-strength permanent magnets. They are used in virtually every modern vehicle and aircraft, and they improve efficiency and reduce size and weight.
The guidance systems used by missiles and smart bombs rely on the fluorescent properties of terbium, europium, and yttrium oxides.
Display systems, optical systems, and night vision all rely on glass containing or prepared with rare earth elements (REEs) such as cerium and lanthanum. And high-tensile strength ceramics and next-generation armor plating require yttrium, ytterbium, and scandium. ....

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