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RER Plans Rare Earth Element Demonstration Plant in Wyoming

RER Plans Rare Earth Element Demonstration Plant in Wyoming
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Rare Element Resources Named U.S. Department of Energy Funding Recipient for Rare Earth Separation and Processing Demonstration Project

Press release content from Business Wire. The AP news staff was not involved in its creation.
Rare Element Resources Named U.S. Department of Energy Funding Recipient for Rare Earth Separation and Processing Demonstration Project
January 21, 2021 GMT
LITTLETON, Colo. (BUSINESS WIRE) Jan 21, 2021
Rare Element Resources Ltd. (the “Company”) (OTCQB: REEMF) is pleased to announce that formal notice has been received from the U.S. Department of Energy (“DoE”) that General Atomics, an affiliate of Synchron, the Company’s largest shareholder, along with Rare Element Resources, Inc. (“RER”), a wholly-owned subsidiary of the Company, have been selected to enter negotiations in relation to a financial award under the Critical Materials Funding Opportunity Announcement (“FOA”) for the engineering, construction and operation of a rare earth separation and processing demonstration plant. ....

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DOE awarding more than $50M to 15 projects to advance critical material innovations

DOE awarding more than $50M to 15 projects to advance critical material innovations
The US Department of Energy (DOE) is awarding more than $50 million in funding for 15 projects focused on field validation and demonstration as well as next-generation extraction, separation, and processing technologies for critical materials.
Critical materials are used in many products important to the US economy and energy technologies, such as rare-earth elements used to manufacture high-strength magnets for offshore wind-turbine generators and lithium and cobalt in lithium-ion batteries for electric vehicles.
Projects selected under this funding opportunity announcement will reduce both the costs of critical materials and the environmental impacts of production. The projects are divided into two main topic areas: ....

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