Rare Element Resources Ltd. is a publicly traded strategic materials company dedicated to delivering rare earth products for technology, energy, and defense applications. The company is advancing the Bear Lodge Critical Rare Earth Project in northeast Wyoming, a significant mineralized district containing many of the less common, more valuable critical rare earth elements (REEs) essential for high-strength permanent magnets, electronics, fiber optics, laser systems for medical technology and defense, as well as green technologies like electric vehicles, solar panels, and wind turbines. Rare Element Resources owns 100% of the Bear Lodge Project and has developed proprietary extraction and separation technology that has successfully produced commercial-grade neodymium/praseodymium (Nd/Pr) oxide in pilot-plant testing. The company is constructing a demonstration plant in Upton, Wyoming, with operations expected to start mid-year 2024, aiming to prove the scalability of its process and define requirements for a commercial plant.