RER announces Synchron share purchase
October 24, 2019
Current shareholder Synchron has made an additional share purchase in Rare Element Resources (RER) totaling just over $5 million, according to George Buyers, Consultant. RER believes this represents a high level of confidence in the viability of the proposed rare earth mine in the Bearlodge area while, at the same time, pilot plant testing appears to be returning positive results.
“General Atomics Corp., through its Synchron affiliate which is a current shareholder in the Company, has announced that it will exercise its common share purchase option,” Byers says.
“The resulting owner...