Final Approval Received To Commence Operations Of Rare Earth Demonstration Plant

LITTLETON, CO - Rare Element Resources Ltd. has received the U.S. Nuclear Regulatory Commission (NRC) operations approval under the previously issued license. This final approval, which was required for the commencement of operations at the rare earth processing and separation demonstration plant in Upton, Wyoming follows the recently announced U.S. Department of Energy’s (DOE) operations budget acceptance and issuance of its continuation notice approving operations. The Demonstration Plant, which has been designed to advance the Company’s proprietary processing and separation technology, is expected to generate the operational and economic data necessary for the design of a commercial-scale plant.