Rare Element Resources has completed a new mineral resource estimate based on maximizing the recovery of the key magnet materials of neodymium, praseodymium, terbium and dysprosium, as well as other critical rare earths such as lanthanum.<\/p>\n\n\n\n
The estimate is focused on the Bull Hill deposit at the Bear Lodge REE project, located in northeastern Wyoming, with long-term upside existing in the Carbon, Whitetail, and Taylor deposits located within the company\u2019s mineral claims.<\/p>\n\n\n\n
\u201cWith demand for magnet materials expected to grow exponentially over the next 30 years, driven primarily by their use in defense and green technologies, it makes sense to focus our efforts on those key magnet materials in this resource model. This will ensure that over the longer term, we are aligned with the national security interests and decarbonization goals of the United States,\u201d said President and CEO Brent Berg.<\/p>\n\n\n\n
\u201cOur proprietary rare earth recovery and separation technology enabled us to look at the body of geological data we have generated through a different lens. That work allows us to focus on a higher grade and smaller pit design. I believe this strategy provides the greatest opportunity for the company to capitalize on the projected rare earth demand growth and most clearly aligns with our innovative technology while allowing us to preserve the long-term, upside potential of the Bear Lodge project.\u201d<\/p>\n\n\n\n
The mineral resource estimate, utilized a cut-off grade of 2.18% total rare earth oxide. Measured and Indicated resources were 6.02 million metric tonnes and Inferred resources were 1.90 million metric tonnes.<\/p>\n\n\n\n
Bear Lodge, located 12 miles northwest of Sundance, is positioned to be a major North American source of rare earth elements.<\/p>\n","protected":false},"excerpt":{"rendered":"
Rare Element Resources has completed a new mineral resource estimate based on maximizing the recovery of the key magnet materials of neodymium, praseodymium, terbium and dysprosium, as well as other critical rare earths such as lanthanum. The estimate is focused on the Bull Hill deposit at the Bear Lodge REE project, located in northeastern Wyoming, with long-term upside existing in…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[8],"tags":[1963,1437],"coauthors":[1644],"class_list":["post-7928","post","type-post","status-publish","format-standard","hentry","category-miners-news","tag-rare-earth-elements","tag-rare-element-resources"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t