Teresa Matich reports that Rare Element Resources is advancing its Bear Lodge rare earth element (REE) project in Wyoming, but the company is also making progress with its proprietary REE separation technology. The company recently announced bench-scale test results for its process, with highlights including fewer steps, a smaller footprint, lower acid and energy requirements and the successful removal of thorium and cerium early in the process.
Even more recently, Rare Element Resources reported some important progress at Bear Lodge, noting that it has submitted applications for two key permits at the project.
Recently, Jaye Pickarts, COO of Rare Element Resources, and Robbin Lee, director of investor relations, discussed the company technology and what progress is being made. Pickarts and Lee also spoke about why the company chose to go the separation route and shared some of their thoughts on China and the REE market.
In terms of the market, both Pickarts and Lee said that despite the removal of Chinese export tariffs on REEs, the industry still is not transparent. There is less concern amongst the consumers today as compared to two years ago, but there is still an underlying unknown of what China will do, he said.
Overall, Rare Element Resources will be an alternative source if something happens to interrupt the cheap supplies from China.
Resource Portal for I2M Clients, Associates, and Geoscientists
Managed & Built by I2M Consulting, LLC | © 2010-
Managed & Built by I2M Consulting, LLC | © 2010-