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Rare Element Appoints Paul Schlauch as Director and Norman Anderson as Chairman
Published : July 13, 2011
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Keywords :   China | Gold | Lead | Market | Rare Earth | Wind | Zinc |

TSX: RES & AMEX: REE

VANCOUVER, July 13, 2011 /CNW/ - Rare Element Resources Ltd. (TSX: RES) and (AMEX: REE) (the "Company") today announced the appointment of Mr. Paul Schlauch as a director of the Company, the appointment of Mr. Norman Anderson as Chairman, and the resignation of Mr. Stephen Quin as a Director.

Appointment of Mr. Schlauch to the Board

Mr. Schlauch  recently retired as a partner with Holland & Hart of Denver, Colorado, one of the leading law firms specializing in mining law in the United States.

Mr. Schlauch has more than 35 years of experience in legal issues relating to the mining industry. His practice has included counseling regarding operational and regulatory matters and representing clients in a wide array of transactions as well as in litigation and arbitration. Mr. Schlauch has assisted in the structuring and negotiation of hundreds of transactions, including joint ventures, limited liability companies, leases, royalty transfers, mineral property purchases and sales, ore sales agreements, cooperative operating agreements, and corporate acquisitions and mergers. He has worked extensively on public land law issues including matters relating to the location, maintenance, and patenting of mining and mill site claims, land exchanges, the acquisition of various property use rights, and the resolution of claim conflicts.

In each year from 2005, through 2009 the International Who's Who of Business Lawyers named Mr. Schlauch as "the World's leading mining lawyer," pointing in particular to his work on international transactions. In 2007 and 2008, Mr. Schlauch was also honored as one of the top 500 lawyers in the United States by Lawdragon. Mr. Schlauch has also been listed in The Best Lawyers in America® and Colorado Super Lawyers. He was designated as Best Lawyers' 2011 Denver Area Natural Resources Lawyer of the Year. He has also been recognized as a leader in The Legal 500 2010 edition for mergers and acquisitions.

Mr. Schlauch has been active in natural resource industry professional organizations. He is a past president of the Rocky Mountain Mineral Law Foundation and a past President of the International Mining Professionals Society. He is a frequent speaker on topics relating to the mining industry and is the author of numerous articles on industry issues. Mr. Schlauch is an Adjunct Professor of Law at Denver University School of Law, where he has taught courses on international mineral law and policy. He also holds an appointment as an Honorary Lecturer and Course Director on the Faculty of the Center for Energy, Petroleum and Minerals Law and Policy at the University of Dundee, Scotland.

Mr. Schlauch graduated cum laude with an A. B. in chemistry from Colgate University in 1963 and completed a law degree in 1966 at the University of Virginia.

Appointment of Mr. Norman Anderson as Chairman of the Board of Directors

The Board has also appointed Norman Anderson as the non-executive Chairman of the Board of Directors.

Mr. Anderson has been a director of Rare Element since it acquired the Bear Lodge rare earth element project in 2003. He has had a long and distinguished career in the mining industry. Mr. Anderson worked with Cominco, now Teck Resources, during which time he spent a four-year period in an executive position with Amax Lead Zinc Inc. In 1978 he became President and Chief Operation Officer of Cominco, and in 1980 he assumed complete responsibility for Cominco's business as Chairman and Chief Executive Officer. Mr. Anderson has also been a Director of other mining companies including Cia de Minas Bonaventura SA, Hudbay Minerals Ltd. and Anatolia Mineral Development Ltd. Mr. Anderson has a B Sc. From the University of Manitoba, he became a Professional Engineer in 1961, and became a fellow of the Institute of Materials, Minerals and Mining in 1989. Mr. Anderson brings a wealth of experience in specialized metals to Rare Element as a Director, as a mining engineer, and now as the Chairman of the Board of Directors.

Resignation of Mr. Stephen P. Quin from the Board of Directors and appointment to the Advisory Board.

Mr. Stephen P. Quin has stepped down from the Company's Board of Directors to lead the development of a new gold project in the United Sates. Mr. Quin has been a director of Rare Element since his appointment in 2003 and his insights and leadership at the Board level have been very valuable in contributing to the success of Rare Element. The Board would like to thanks Mr. Quin for his valuable input over the past 8 years.

Mr. Quin will remain as a friend and advisor to Rare Element and has been appointed to the Company's Advisory Board.

Option Grant

The Company has also granted 50,000 stock options at an exercise price of $9.35 per share with an expiry date of June 17, 2015 and 100,000 stock options at an exercise price of $9.95 per share with an expiry date of July 5, 2016.

Rare Element Resources Ltd (TSX: RES & AMEX: REE) is a publicly traded mineral resource company focused on exploration and development of rare-earth elements and gold on the Bear Lodge property.

Rare-earth elements are key components of the green energy technologies and other high-technology applications. Some of the major applications include hybrid automobiles, plug-in electric automobiles, advanced wind turbines, computer hard drives, compact fluorescent lights, metal alloys, additives in ceramics and glass, petroleum cracking catalysts, and a number of critical military applications. China currently produces more than 95% of the 130,000 metric tonnes of rare-earths consumed annually worldwide, and China has been reducing its exports of rare earths each year. The rare-earth market is growing rapidly, and is projected to accelerate if the green technologies continue to be implemented on a broad scale.

ON BEHALF OF THE BOARD
Donald E. Ranta, PhD, PGeo, President & CEO

Donald E. Ranta, PhD, PGeo, serves the Board of Directors of the Company as an internal, technically Qualified Person.  Technical information in this news release has been reviewed by Dr. Ranta and has been prepared in accordance with Canadian regulatory requirements that are set out in National Instrument 43-101.  This news release was prepared by Company management, who take full responsibility for content. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

 

For further information:

For information, refer to the Company's website at www.rareelementresources.com or contact:
Mark T Brown, CFO, (604) 681-4236 mbrown@rareelementresources.com .
Donald E Ranta, (604) 681-4326 don@rareelementresources.com

Data and Statistics for these countries : China | All
Gold and Silver Prices for these countries : China | All

Rare Element Resources Ltd.

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CODE : RES.TO
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Rare Element Res. is an exploration gold company based in Canada.

Rare Element Res. holds various exploration projects in USA.

Its main exploration properties are BEAR LODGE and SUNDANCE GOLD in USA.

Rare Element Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 10.9 millions as of today (€ 10.0 millions).

Its stock quote reached its highest recent level on August 12, 2011 at CA$ 9.95, and its lowest recent point on December 31, 2015 at CA$ 0.21.

Rare Element Res. has 52 940 000 shares outstanding.

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Annual reports of Rare Element Resources Ltd.
2007 Annual report
Option Grants of Rare Element Resources Ltd.
3/24/2011Grants 985,000 stock options at $10,50
Nominations of Rare Element Resources Ltd.
12/12/2013Appoints Paul H. ZInk as CFO
8/6/2013Appoints Gerald Grandey to Board of Directors
4/29/2013Appoints Robbin Lee as Director of Investor Relations
4/24/2013Announces Appointment of Lowell A. Shonk to Board of Directo...
11/13/2012Appoints Dr. Henry Kasaini as Director of Science and Techno...
7/2/2012Appoints Kelli C. Kast, Esq., as Vice President and General ...
2/6/2012Announces Randall J. Scott & Paul Zink Appointed to the Boar...
12/19/2011Appoints Randall J. Scott as President and CEO - Former Pres...
12/15/2011Appoints Randall J. Scott as President and CEO
8/24/2011appoints Chief Financial Officer
3/24/2011Appoints 2011 Geological Team & Grants Options
2/17/2011 Appoints George Byers as VP - Government & Community Relati...
5/5/2010Appoints Dr. Tony Mariano and Matt Bender to Advisory Board
Financials of Rare Element Resources Ltd.
8/9/2013Reports June 30, 2013 Financial Results
5/8/2013Reports March 31, 2013 Financial Results
11/6/2012Announces September 30, 2012 First Quarter Financial Results
5/10/2012Files March 31, 2012 Third Quarter Financial Results
2/14/2011Reports Second Quarter Financial Results
11/16/2010Reports First Quarter Financial Results
Project news of Rare Element Resources Ltd.
12/19/2013Increases Resource at Whitetail Ridge
11/11/2013Pilot Plant Testing Validates Advantanges
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3/18/2013(Bear Lodge)Reports 65 Percent Increase of Total M&I Rare-Earth Mineral...
10/10/2012(Bear Lodge)Reports on Progress of Metallurgical Testwork on Bear Lodge ...
9/26/2012Reports Positive 2012 Drilling Program Results
6/26/2012Reports 2012 Drilling and Exploration Program Underway
5/7/2012Reports 10 Percent Increase of M & I Rare-Earth Mineral Reso...
12/5/2011(Bear Lodge)Announces Completion of 2011 Drilling Program at Bear Lodge
11/10/2010(Bear Lodge)Reports Additional REE Assays From Bull Hill SW and Initial ...
11/10/2010(Sundance Gold)Reports Second Round 2010 Gold Drilling Assays
11/10/2010(Bear Lodge)files Preliminary Economic Assessment of the Bear Lodge Rare...
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5/18/2011(Bear Lodge)Summarizes Results from its 2010 REE Exploration Program and...
4/6/2011(Bear Lodge)Reports Final REE Assay Results from 2010 Drilling at the Bu...
2/17/2011(Bear Lodge) Appoints George Byers as VP - Government & Community Relati...
2/7/2011(Bear Lodge)Reports Additional REE Assays From Resource Areas and a New ...
1/11/2011(Bear Lodge)Reports Additional Rare Earth Assays From the Bull Hill SW R...
1/6/2011(Sundance Gold)Reports Final 2010 Gold Drilling Assay Results, Including So...
10/13/2010(Bear Lodge)Reports Collection of Bulk Sample for Proposed Pilot Plant T...
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8/12/201510-Q for Rare Element Resources Ltd.
8/7/2015Rare Element Resources reports 2Q loss
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5/7/201510-K for Rare Element Resources Ltd.
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11/4/2014Rare Element Resources Produces Rare Earth Powder from Bear ...
10/10/2014Rare Element Resources Files NI 43-101 Technical Report on P...
9/22/2014China’s August Rare Earth Exports
9/8/2014Rare Element Resources Joins the Critical Materials Institut...
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11/12/20133rd Quarter Results
9/25/2013Announces $8.0 Million Offering
6/11/2013Files Shelf Registration
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4/19/2013Mark T. Brown Resigns as Director of Rare Element
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3/11/2013Reports Additional Drilling Results High in Critical Rare Ea...
3/4/2013Bench Scale Metallurgical Processing Tests Produce a 90+% R...
2/25/2013to Present at Upcoming PDAC 2013 Investor Exchange
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12/10/2012Drilling Results Expand District-wide Enrichment Zones of Cr...
11/8/2012Announces Annual General Meeting and Director Nominees; Adop...
9/21/2012Added to S&P/TSX SmallCap Index
9/13/2012(Bear Lodge)Announces June 30, 2012 Year End and Fourth Quarter Financia...
5/7/2012Reports 10 Percent Increase of M & I Rare-Earth Mineral Reso...
4/13/2012(Bear Lodge)Announces Revised and Improved Economic Results from Pre-Fe...
4/12/2012Schedules Conference Call for Tuesday, April 17, 2012, 3:30p...
3/26/2012Reports Additional 2011 Rare Earth Element and Gold Drilling...
3/15/2012Commences Separation Testing and Heavy Rare Earth Testing
3/1/2012(Bear Lodge)Announces Positive Economic Results from Pre-Feasibility Stu...
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2/10/2012(Bear Lodge)Files December 31 Second Quarter Financial Results and Updat...
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1/4/2012(Bear Lodge)Reports 38 Percent Increase of M & I Rare-Earth Mineral Reso...
12/21/2011Reports Additional Drilling Results And Progress with Pilot ...
11/10/2011(Bear Lodge)Files September 30 Financial Results And Commencement of Pre...
11/8/2011mentioned in John Kaiser interview by The Critical Metals Re...
10/27/2011(Bear Lodge)Reports Initial 2011 Drilling Results From Bear Lodge
9/7/2011Releases Rare Earth Metallurgical Test Results and Begins Pi...
8/15/2011Ringing the Opening Bell of the NYSE Amex on August 16, 2011
8/5/2011(Bear Lodge)Discovers Heavy Rare Earths at Whitetail Ridge, East Taylor ...
8/4/2011Discovers Heavy Rare Earths at Whitetail Ridge, East Taylor ...
11/8/2010Receives $5.8 Million and Implements a Shareholder Rights Pl...
12/14/2010Files Final Prospectus in Canada
9/22/2010Reports Initial Gold Assays
8/17/2010to commence trading on the NYSE Amex
8/18/2010Makes Progress Toward a Commercial Process with Rare-Earths ...
6/28/2010Makes Progress with Government Affairs Program
5/12/2010Maintains 100% Interest in gold
3/18/2010$7.8 Million Offering
2/5/2010Named to 2010 TSX Venture 50
12/1/2009Options Eden Lake Rare-Earth Property to Medallion
11/19/2009Files US SEC Registration Form 20F
10/22/2009US government begins to focus on rare earths
10/13/2009Identifies High-Potential Whitetail Ridge Rare-Earth Target
7/21/2009Drilling Begins at Rare Element's Sundance Gold Venture
5/23/2009increases financing to $1,500,000, files Tier One applicatio...
10/21/2008Makes Progress with 2008 Exploration Program and Provides Fi...
7/15/2008s Resources' Gold Exploration Program Initiated
5/29/2008Reports on Gold Metallurgical Test Results
2/18/2008's Rare-Earths Metallurgical Testing Underway
1/17/2008' new corporate profile
1/11/2008Upcoming conference
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