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Stock Market & Financial Investment News

News Breaks
December 10, 2012
16:36 EDTREERare Element announces drill results from Bear Lodge property
Rare Element Resources is pleased to announce rare earth element assay results from 21 drill holes completed during the ongoing 2012 drilling program at the company's 100% owned Bear Lodge property, located in northeastern Wyoming, USA. The current drilling continues to demonstrate that the Bear Lodge resource is one of the highest grade total rare earth oxide deposits in the world, and now also highlights the significant value of the content of combined Critical Rare Earth Oxides. Dr. Jim Clark, Vice President of Exploration for Rare Element Resources, states "The additional results from our 2012 drilling confirm and expand the quality and continuity of the Bull Hill REE deposit, where the company expects to significantly increase the Measured and Indicated resources in preparation for its upcoming definitive Feasibility Study. At the same time, work continues on the development of an Indicated resource at Whitetail Ridge, which is slated for inclusion in the definitive Feasibility Study. The zones of heavy rare earth element (Eu, Tb, Dy, and Y) enrichment continue to expand at Whitetail Ridge, Carbon, and Taylor. The most recent drill results include some of the thickest intercepts and elevated concentrations yet encountered at Whitetail Ridge, Carbon, and Taylor."
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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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