other material
confidence high
sentiment positive
materiality 0.70
Rare Element Resources updates Bear Lodge mineral resource to focus on magnet REEs
RARE ELEMENT RESOURCES LTD
- Measured & Indicated resource: 6.02M tonnes at 4.08% TREO, containing 49.7K tonnes recovered NdPr.
- Inferred resource: 1.90M tonnes at 3.61% TREO, with 14.4K tonnes recovered NdPr.
- Resource based on 252 core holes (186,712.5 ft) and 2021 pilot plant recovery data.
- Cut-off grade of 2.18% TREO targets oxide/oxide-carbonate zones for proprietary separation tech.
- CEO states smaller, higher-grade pit design aligns with projected demand and national security goals.