Rare Element Resources Q2 2024 Earnings 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 Announcement Details

• Quarter: Q2 2024
• Date: 8/7/2024
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Rare Element Resources (OTCMKTS:REEMF) is a U.S.-based exploration and development company focused on rare earth element deposits. The company’s flagship asset is the Bear Lodge project in northeastern Wyoming, which hosts both light and heavy rare earth oxides such as neodymium, praseodymium and dysprosium. Rare Element Resources is working to advance this project through feasibility, permitting and eventual commercial production to establish a domestic supply of critical minerals.

Incorporated in the mid-2000s and headquartered in Highlands Ranch, Colorado, Rare Element Resources has conducted extensive drilling, metallurgical test work and engineering studies to refine its processing technology. A prefeasibility study has demonstrated the economic potential of the Bear Lodge deposit, and the company is now planning pilot‐scale operations and strategic partnerships to validate its processing flowsheet ahead of a full‐scale plant.

Serving the United States, Rare Element Resources aims to support growing demand for rare earth materials in sectors such as clean energy, electronics and defense. The company’s focus on a mining-friendly jurisdiction underscores its strategy to deliver a reliable domestic source of critical minerals. Leadership is headed by President and CEO John A. Harbottle, who brings extensive experience in mining development and capital markets to guide the company toward production.