RER gets funding bump from Wyoming Energy Authority
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Rare Element Resources announced this week that it has been awarded $4.4 million from the Wyoming Energy Authority (WEA) towards its demonstration plant in Upton.
The grant is a cost reimbursement award for future expenditures related to the project, which will see the company test its proprietary extraction technology via a demonstration plant, using ore previously gathered from its proposed mine site in the Bear Lodge to produce commercial grade neodymium/praseodymium high-purity oxide used to produce high-strength permanent magnets.
The award represents around 10% of the total cost of th...
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