Rare Element Announces Q2 Financial Results

Rare Element Resources Ltd. (TSX:RES,AMEX:REE) announced the filing of its second quarter financial results.

As quoted in the press release:

Cash and cash equivalents at December 31, 2011 were $59.5 million compared to $64.2 million as of September 30, 2011. The $4.7 million decrease in cash was primarily due to exploration and general & administrative spending.

Click here for the Rare Element Resources Ltd. (TSX:RES) press release.