Rare Element PFS from Bear Lake Offers Positive Results

Rare Element Resources Ltd. (TSX:RES,AMEX:REE) announced revised results from a pre-feasibility study at the Wyoming-based Bear Lake property.

As quoted in the press release:

 The revised and improved estimates are now based on an optimally-sized hydrometallurgical (“hydromet”) plant, and the recalibrated upside production sensitivity case is now based on 150% of the production rate of the Base Case. Sensitivity analyses are also presented utilizing a lower long-term price assumption.

Rare Element’s President and CEO, Randall Scott said:

 The PFS was designed to provide a preliminary engineering and economic assessment of the viability of the Bear Lodge Project and, more specifically, the Bull Hill rare-earth element (“REE”) open-pit mine, and these revised results continue to demonstrate the strong economics of this project to produce a bulk mixed RE carbonate concentrate.

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