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News Breaks
February 6, 2014
07:41 EDTTTEK, REERare Element says EIS commenced on Bear Lodge project
Rare Element Resources (REE) announced that members of the US Forest Service, Tetra Tech (TTEK), the prime contractor, and the company met last week and officially commenced preparation of the Environmental Impact Statement, or EIS, on the Bear Lodge Project under the National Environmental Policy Act. The meeting was led by Jeanette Timm, the Forest Service’s Project Manager for the EIS, and included an introduction of the Forest Service’s inter-disciplinary resource team, Tetra Tech’s resource and technical specialists, and the lead contacts for Rare Element Resources. The first step in the NEPA process will be the publication in the Federal Register of a Notice of Intent to prepare the EIS and the announcement of public scoping meetings.
News For REE;TTEK From The Last 14 Days
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November 18, 2014
09:56 EDTTTEKOn The Fly: Analyst Upgrade Summary
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07:28 EDTTTEKTetra Tech upgraded at Global Hunter
As previously reported, Global Hunter upgraded Tetra Tech to Buy from Accumulate. The analyst upgraded said FY15 guidance implies margin improvement and a path to increased profitability. Price target raised to $31 from $29.
07:19 EDTTTEKTetra Tech upgraded to Buy from Accumulate at Global Hunter
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November 12, 2014
17:14 EDTTTEKTetra Tech sees FY15 EPS $1.55-$1.75, consensus $1.65
Sees FY15 revenue, net of subcontractor costs, $1.75B-$1.95B, consensus $1.88B. Sees FY15 cash EPS $2.30-$2.60.
17:13 EDTTTEKTetra Tech sees Q1 EPS 32c-36c, consensus 37c
Sees Q1 revenue, net of subcontractor costs, $420M-$470M, consensus $444.28M.
17:12 EDTTTEKTetra Tech reports Q4 EPS 35c, consensus 35c
Reports Q4 total revenue $622.2M, may not compare to consensus $478.61M. Reports Q4 revenue, net of subcontractor costs, $462.2M. Reports Q4 front-end ECS and TSS segments, revenue $493.8M. Reports Q4 backlog up 5% to $2.01B.
15:29 EDTTTEKNotable companies reporting after market close
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November 10, 2014
07:32 EDTREERare Element reports Q3 EPS (8c) vs. (15c) last year
For accounting purposes, the company is classified as an exploration stage company and, as such, does not have production-related revenues at this time. As of September 30, the company had cash and cash equivalents of $12.9M, compared with $16.1M at June 30. The net cash used of $3.2M during the quarter was spent primarily on permitting, engineering and economic evaluation work to support the Preliminary Feasibility Study, trench work and general corporate expenses.

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