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Rare Element Extends 2013 Bear Lodge Development Drilling Program
Published : August 14, 2013

Exploring potential for higher grade core within high-grade zone to further boost Project economics

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LAKEWOOD, COLORADO--(Marketwired - Aug. 14, 2013) - Rare Element Resources Ltd. (NYSE MKT:REE)(News - Market indicators), a mineral resources company advancing development of the Bear Lodge Critical Rare Earth Project, is extending its 2013 development drilling program in order to provide key data leading to the development of a mineable pit focused on the high-grade zone within the Bull Hill deposit. It will also investigate the potential for an even higher-grade core within that zone that might be mined in the early production years to further improve Project economics. The program will also generate additional bulk samples for use in the ongoing pilot plant test program. This drilling is being undertaken after engineering work, performed in advance of the Feasibility Study, identified the high-grade development option as economically attractive.

"We have already delineated zones of high-grade mineralization at the Bear Lodge Project that aggregate 6.0 million tons of Measured and Indicated resource with an average grade of 4.72% total rare earth oxides using a 3.0% cutoff grade. The area that the drilling will target is the Main Zone, which contains 4.9 million tons of these resources at an average grade of 4.84% total rare earth oxides," stated Dr. James Clark, Vice President of Exploration. "The results of the additional development drilling will help generate a detailed model of an area within this zone that appears to contain significantly higher abundances of rare earths. This information will not only help develop the high-grade pit design but will expand our understanding of the rare earth grade distribution within the high-grade zone. Early mine production from the high grade core has the potential to boost project economics even further by providing accelerated cash flow during the early years of operations."

The extended drill program includes a total of 28 holes and approximately 14,000 feet (4,268m) of drilling. The drilling will encompass 22 PQ-diameter core holes and six reverse circulation (RC) drill holes. Most of the drilling will be done from existing access roads and drill sites. The program will begin when the Company receives the required approval from the US Forest Service, which is expected in time to complete the program during the 2013 drill season. Results will be available for inclusion in the upcoming Feasibility Study.

Bear Lodge High Grade - Measured & Indicated Resource (Total Rare Earth Oxide (TREO) at 3.0% Cutoff Grade)

  Tons Tonnes Average Contained Contained
  (Millions) (millions) Grade TREO lbs TREO Kg
  Contained Contained TREO% (Millions) (Millions)
Bull Hill Main Zone          
  Measured 1.1 1.0 5.40 119 54
  Indicated 3.8 3.4 4.69 356 162
    Total 4.9 4.4 4.84 475 216
Total Bear Lodge High Grade          
  Measured 1.1 1.0 5.40 118 54
  Indicated 4.9 4.4 4.57 448 204
    Total 6.0 5.4 4.72 566 258

Rare Element Resources Ltd. is a publicly traded mineral resource company focused on exploration and development of rare-earth element deposits, specifically those with significant distribution of critical rare earths. The Company is advancing development of the Bear Lodge Project, located in northeast Wyoming. Bear Lodge is a significant mineralized district containing many of the less common, more valuable critical rare earths that are essential for electronics, fiber optics, laser systems for health and defense, as well as many evolving green technologies, like hybrid cars, solar panels and wind turbines. Permitting and feasibility work on the Project is currently underway.

John T. Ray, M.S., Registered SME Member, acts on behalf of the Board of Directors of the Company as an internal, technically Qualified Person. Technical information in this news release was reviewed by Mr. Ray and 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.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of securities legislation in the United States and Canada. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward-looking statements are usually identified by our use of certain terminology, including "will", "believes", "may", "expects", "should", "seeks", "anticipates", "plans", "has potential to", or "intends" or by discussions of strategy or intentions. Such forward looking statements include statements regarding the drilling program anticipated results, permitting process and progress and project development plans for the future. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results or achievements to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the progress of our Bear Lodge Project, fluctuations in demand for, and price of, rare earth products; success of process technology under testing; results from geological evaluations and programs, timing of any unexpected events at the Bear Lodge property; delay or failure to receive government approvals and permits; changes in U.S. and Canadian securities markets; and general economic conditions. There can be no assurance that future developments affecting the Company will be those anticipated by management. Please refer to the discussion of these and other factors in our Transition Report on Form 10-K for the six months ended December 31, 2012. We expect that the above estimates as to drilling results, development plans, technology and other processes, time frames and financial needs will change as new information is received and that actual results will vary from these estimates, possibly by material amounts. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event. Investors and others should not assume that any forecasts in this press release represent management's estimate as of any date other than the date of this press release.

Cautionary Note to U.S. Investors: The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this press release, such as "measured," "indicated," "inferred", and "resources" that are recognized by Canadian regulations, but that SEC guidelines generally prohibit U.S. registered companies from including in their filings with the SEC. U.S. investors are urged to consider closely the disclosure in our most recent Transition Report on Form 10-K and Form 10-Q which may be obtained from us, or from the SEC's website at http://www.sec.gov.



Robbin Lee
720-278-2462
rlee@rareelementresources.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Rare Element Resources Ltd.

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Rare Element Res. est une société d’exploration minière d'or basée au Canada.

Rare Element Res. détient divers projets d'exploration en USA.

Ses principaux projets en exploration sont BEAR LODGE et SUNDANCE GOLD en USA.

Rare Element Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 10,9 millions CA$ (10,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 12 août 2011 à 9,95 CA$, et son plus bas niveau récent le 01 janvier 2016 à 0,21 CA$.

Rare Element Res. possède 52 940 000 actions en circulation.

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Attributions d'options de Rare Element Resources Ltd.
24/03/2011Grants 985,000 stock options at $10,50
11/06/2010(Bear Lodge)Drilling Begins; Stock options granted
Nominations de Rare Element Resources Ltd.
12/12/2013Appoints Paul H. ZInk as CFO
06/08/2013Appoints Gerald Grandey to Board of Directors
29/04/2013Appoints Robbin Lee as Director of Investor Relations
24/04/2013Announces Appointment of Lowell A. Shonk to Board of Directo...
13/11/2012Appoints Dr. Henry Kasaini as Director of Science and Techno...
02/07/2012Appoints Kelli C. Kast, Esq., as Vice President and General ...
06/02/2012Announces Randall J. Scott & Paul Zink Appointed to the Boar...
19/12/2011Appoints Randall J. Scott as President and CEO - Former Pres...
15/12/2011Appoints Randall J. Scott as President and CEO
24/08/2011appoints Chief Financial Officer
13/07/2011Appoints Paul Schlauch as Director and Norman Anderson as Ch...
24/03/2011Appoints 2011 Geological Team & Grants Options
14/03/2011Appoints Jaye Pickarts as Chief Operating Officer
17/02/2011 Appoints George Byers as VP - Government & Community Relati...
Rapports Financiers de Rare Element Resources Ltd.
29/03/2016Reports Year-End 2015 Financial Results
09/08/2013Reports June 30, 2013 Financial Results
08/05/2013Reports March 31, 2013 Financial Results
06/11/2012Announces September 30, 2012 First Quarter Financial Results
10/05/2012Files March 31, 2012 Third Quarter Financial Results
14/02/2011Reports Second Quarter Financial Results
Projets de Rare Element Resources Ltd.
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11/11/2013Pilot Plant Testing Validates Advantanges
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23/05/2013(Bear Lodge)Development Milestone Achieved at Rare Element's Bear Lodge ...
18/03/2013(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 ...
26/09/2012Reports Positive 2012 Drilling Program Results
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07/05/2012Reports 10 Percent Increase of M & I Rare-Earth Mineral Reso...
05/12/2011(Bear Lodge)Announces Completion of 2011 Drilling Program at Bear Lodge
28/07/2011Applauds U.S. House Committee Passage of Strategic Resource...
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17/03/2011(Sundance Gold)Reports Inferred Mineral Resource Estimate for Sundance Gold...
17/02/2011(Bear Lodge) Appoints George Byers as VP - Government & Community Relati...
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27/05/2010(Bear Lodge)0% Increase in Rare-Earth Mineral Resources
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29/09/2009(Bear Lodge)Makes Significant Progress with Rare-Earths Metallurgical Te...
24/08/2009(Bear Lodge)Initiates 2009 Rare-Earths Drilling Program
13/07/2009(Bear Lodge) Receives Permit for Expanded Drill Program
Communiqués de Presse de Rare Element Resources Ltd.
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14/10/2015Rare Element Resources Successfully Completes First Phase of...
07/10/2015Rare Element Resources Completes Summer Condemnation Drillin...
08/09/2015Rare Element Resources to Participate in 17th Annual Rodman ...
24/08/2015Rare Element Files Canadian Preliminary Shelf Prospectus to ...
12/08/201510-Q for Rare Element Resources Ltd.
07/08/2015Rare Element Resources reports 2Q loss
07/08/2015Rare Element Resources Reports Second Quarter Results
15/07/2015Exploration at Rare Element Resources’ Bear Lodge Mineraliza...
15/05/201510-Q for Rare Element Resources Ltd.
07/05/201510-K for Rare Element Resources Ltd.
30/03/2015Rare Element Resources Confirms Revised EIS Schedule Support...
24/03/2015Rare Element Resources to Participate in the John Tumazos Ve...
12/03/2015Rare Element Resources Reports Year-End 2014 Financial Resul...
03/03/2015Rare Element Resources Names Lowell A. Shonk as Interim Chai...
03/03/2015Rare Element reports Unanimous Support from Wyoming Legislat...
11/02/2015Rare Element Resources Reports on Significant Progress in 20...
13/11/2014Rare Element Resources to Participate in the 32nd Annual Wyo...
10/11/2014Rare Element Resources Reports Third Quarter Results
27/02/2014to Participate in Largest Mining Conference of the Year
03/02/2014Transitions Geological Team
21/01/2014Files for Utility Patent on Recovery Technology
19/12/2013Trouble with the tables?
16/12/2013Announce EIS Contractor and PM
12/11/20133rd Quarter Results
25/09/2013Announces $8.0 Million Offering
11/06/2013Files Shelf Registration
05/06/2013Independent Labs Confirm Success of Rare Element's Proprieta...
03/05/2013Files NI 43-101 Technical Report Detailing Previously Announ...
19/04/2013Mark T. Brown Resigns as Director of Rare Element
18/03/2013Reports December 31, 2012 Financial Results, Substantial Inc...
11/03/2013Reports Additional Drilling Results High in Critical Rare Ea...
25/02/2013to Present at Upcoming PDAC 2013 Investor Exchange
20/02/2013provides information of cease trade on TSX
10/12/2012Drilling Results Expand District-wide Enrichment Zones of Cr...
08/11/2012Announces Annual General Meeting and Director Nominees; Adop...
16/10/2012Provides Support to Colleges and Universities for REE Resear...
21/09/2012Added to S&P/TSX SmallCap Index
13/09/2012(Bear Lodge)Announces June 30, 2012 Year End and Fourth Quarter Financia...
13/08/2012s Its Community Relations Activities
07/05/2012Reports 10 Percent Increase of M & I Rare-Earth Mineral Reso...
13/04/2012(Bear Lodge)Announces Revised and Improved Economic Results from Pre-Fe...
12/04/2012Schedules Conference Call for Tuesday, April 17, 2012, 3:30p...
26/03/2012Reports Additional 2011 Rare Earth Element and Gold Drilling...
15/03/2012Commences Separation Testing and Heavy Rare Earth Testing
01/03/2012(Bear Lodge)Announces Positive Economic Results from Pre-Feasibility Stu...
27/02/2012Reports 2011 Gold Drilling Assay Results, Including the Best...
10/02/2012(Bear Lodge)Files December 31 Second Quarter Financial Results and Updat...
22/01/2012Chairman Don Ranta interviewed by Charles Payne on Fox Busin...
04/01/2012(Bear Lodge)Reports 38 Percent Increase of M & I Rare-Earth Mineral Reso...
21/12/2011Reports Additional Drilling Results And Progress with Pilot ...
07/09/2011Releases Rare Earth Metallurgical Test Results and Begins Pi...
15/08/2011Ringing the Opening Bell of the NYSE Amex on August 16, 2011
05/08/2011(Bear Lodge)Discovers Heavy Rare Earths at Whitetail Ridge, East Taylor ...
04/08/2011Discovers Heavy Rare Earths at Whitetail Ridge, East Taylor ...
27/07/2011Applauds U.S. House Committee Passage of Strategic Resources...
28/06/20112011 REE Drilling Underway
14/06/2011(Bear Lodge)Reports Upgrade and Significant Increase of Rare-Earth Miner...
26/05/2011shares to trade on the Toronto Stock Exchange on May 27, 201...
13/07/2010Drilling Begins at Rare Element's Sundance Gold Project
28/06/2010Makes Progress with Government Affairs Program
12/05/2010Maintains 100% Interest in gold
13/04/2010Closes $8.8 Million Financing
18/03/2010$7.8 Million Offering
23/02/2010Definitive Eden Lake Rare-Earth Property Agreement Completed...
05/02/2010Named to 2010 TSX Venture 50
08/01/2010Acquires Nuiklavik REE Project in Labrador, Canada
07/12/20092009 Drill Program Tests Gold Targets at Bear Lodge
01/12/2009Options Eden Lake Rare-Earth Property to Medallion
19/11/2009Files US SEC Registration Form 20F
22/10/2009US government begins to focus on rare earths
13/10/2009Identifies High-Potential Whitetail Ridge Rare-Earth Target
21/07/2009Drilling Begins at Rare Element's Sundance Gold Venture
23/05/2009increases financing to $1,500,000, files Tier One applicatio...
15/07/2008s Resources' Gold Exploration Program Initiated
29/05/2008Reports on Gold Metallurgical Test Results
18/02/2008's Rare-Earths Metallurgical Testing Underway
17/01/2008' new corporate profile
11/01/2008Upcoming conference
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