Rare Element Resources 11/6/2024 Earnings Results & Report

Rare Element Resources EPS Results

• Actual EPS: -$0.01
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Rare Element Resources Revenue Results

• Actual Revenue: N/A
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Rare Element Resources (OTCMKTS:REEMF) is a mineral development company focused on the exploration and advancement of rare earth element resources in the United States. Its principal asset is the Bear Lodge Rare Earth Project in northeastern Wyoming, which contains deposits of rare earth elements used in technologies such as electric vehicles, wind turbines, electronics, and defense applications.

The company is developing processing methods intended to separate rare earth elements from ore produced at Bear Lodge. With support from the U.S. Department of Energy, Rare Element Resources has advanced a demonstration plant in Wyoming to evaluate its proprietary processing and separation technology. The company’s objective is to establish a domestic source of separated rare earth products and reduce reliance on overseas supply chains.

Rare Element Resources is headquartered in Colorado and has historically concentrated its activities in the United States, particularly Wyoming. The company’s development efforts have included technical studies, permitting activities, and research into processing solutions for the Bear Lodge resource. Brent Berg has served as the company’s president and chief executive officer.