RER confirms it's going ahead with Upton demo plant

Rare Element Resources (RER) has finally received the $21.9 million funding promised by the U.S. Department of Energy. The company announced last week that its next goal is to construct a demonstration plant in Upton that will process and separate rare earth elements from ore that was previously stockpiled at the Bear Lodge Project in Crook County.

“The award represents approximately 50% of the total estimated project costs. Securing the remainder of the funds is the responsibility of Rare Element Resources,” says George Byers, RER.

To raise this money, the company intends to launch a...