reports
Update: Bear Lodge project progresses
Rare Element Resources (REE) is developing the Bear Lodge rare earth oxide (REO) project in Wyoming, US. Over the past two months, REE has revised up expected thorium-free REO product purities to 99.999%, published the positive results of its trenching exercise and provided an update on slight delays in the permitting process. Additional funding will be needed for the planned larger-scale demonstration plant. Our reworked dividend discount-based company valuation, at a 10% discount rate, is US$...
Outlook: Bear Lodge PFS
Rare Element Resources (REE) has announced the results of the pre-feasibility study (PFS) on Bear Lodge, its rare earth oxide (REO) project in Wyoming, US. Planned annual LOM TREO production is 7,510 tons (6,813 tonnes) over a project life of 45 years. Construction is expected during 2016 with ramp-up in late 2016 through early 2017. Initial capital expenditure is budgeted at US$290m. Our re-worked dividend discount-based company valuation, at a 10% discount rate, is US$1.44/share (previously US...
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