Rare Element extends repurchase option for Bear Lodge land through 2024

RARE ELEMENT RESOURCES LTD

Repurchase option for ~640 acres in Crook County, WY extended up to three years, now expiring Oct 26, 2024.
Annual option extension payment of $25,000 in cash per year required to maintain the option.
Exercise price changed from fixed $1M to appraised value between $1.2M and $1.85M; extension payments credited.
Land is under consideration for a stockpile facility for the Bear Lodge rare earth elements project.

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