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Stock Market & Financial Investment News

News Breaks
August 7, 2014
07:02 EDTREERare Element reports Q2 EPS (6c) vs. (12c) 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. The key drivers behind the lower year-over-year expenses were primarily a decrease in exploration and evaluation expenses of $0.9M, the result of a shift to technical and economic evaluation with a related reduction in exploration expenses offset slightly by an increase in expenses for metallurgical and engineering test work, lower corporate administrative cost of $0.5M, primarily due to lower stock-based compensation expense, and a favorable variance in currency translation of $0.9M.
News For REE From The Last 14 Days
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March 30, 2015
07:32 EDTREERare Element says revised EIS schedule supports guidance of Bear Lodge Project
Rare Element Resources received notice from the Bearlodge Ranger District office of the US Forest Service, the lead agency on the Environmental Impact Statement for the Bear Lodge Project, that it anticipates completion of the draft EIS in late summer 2015. The USFS also announced expected availability of the final record of decision in late summer 2016. Adherence to this schedule will allow the Bear Lodge Project to stay on track to begin commissioning as early as mid-2017, pending receipt of federal, state and local permits and financing. This is in line with the updated schedule announced in the November 10, 2014 press release.
March 23, 2015
08:55 EDTREEChina rare earth exports down 2.7% from prior month in February, Bloomberg says
China's customs agency reported February rare earth exports of 4.36K tons vs. 4.48K tons in January, according to Bloomberg, citing an emailed statement from the agency. Rare earth miners include Molycorp (MCP), whose shares are up 28% to 46c in pre-market trading, and Rare Element Resources (REE).

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