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An update from Rare Element Resources ( (REEMF) ) is now available.
Rare Element Resources Ltd. announced the progress of its rare earth processing and separation demonstration plant in Upton, Wyoming, which is nearing completion with an initial production phase set for the first quarter of 2025. This development aligns with the U.S. government’s new focus on securing domestic critical mineral supplies, as highlighted by recent executive directives aimed at bolstering the American rare earth industry. The plant’s operation is strategically timed to support national efforts for a secure supply chain, particularly in defense and technology sectors.
More about Rare Element Resources
Rare Element Resources Ltd. operates in the mining industry, focusing on the processing and separation of rare earth elements. The company is advancing its proprietary technology to establish a domestic supply chain of critical rare earths, notably contributing to defense and high-tech sectors in the United States.
YTD Price Performance: 32.64%
Average Trading Volume: 130,959
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $263.2M
Learn more about REEMF stock on TipRanks’ Stock Analysis page.
