Rare Element Resources Achieves Permitting Milestone at Bear Lodge Critical Rare Earth Project, Wyo.
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Rare Element Resources Ltd. has received the draft environmental impact statement (EIS) from the U.S. Forest Service (USFS) for the Bear Lodge Rare Earth Project. The draft EIS is a key milestone in the permitting process for the project, as it defines the potential operating conditions and identifies the environmental impacts of the project. The draft EIS seeks to balance the interests of various stakeholders in the federal lands on which the world-class rare earth deposit is located and set the bounds for a mineral resource project that can operate economically, while adhering to the highest environmental standards.
“The draft EIS is the culmination of a great deal of hard work by our company; the third-party contractor, Tetra Tech; and the USFS, who oversees our permitting process under the National Environmental Protection Act (NEPA). It is a major milestone in the project’s development and once again signals how far we have been able to advance the Bear Lodge Project. Our team has done an outstanding job with over five years of data collection and studies leading up to the draft’s release by the USFS. Once the comment period is concluded, we will further evaluate the EIS and permitting timeline,” said Randy Scott, CEO of Rare Element Resources.
“As those close to the U.S. permitting process know, the publication of a draft EIS is a major accomplishment for a resource project on public lands. We will work diligently to provide meaningful comments to the USFS as they continue to work toward a final EIS. Our goal is clear, to develop a project that is a sustainable, profitable and reliable source of critical rare earth materials for the U.S. while adding jobs and revenue to the Wyoming economy. We look forward to working with all stakeholders in a timely, transparent and efficient permitting process,” said Jaye Pickarts, chief operating officer of Rare Element Resources.
About Rare Element Resources
Rare Element Resources Ltd. is a publicly traded, strategic materials company focused on delivering rare earth products for technology and defense applications by advancing the Bear Lodge Critical Rare Earth Project in northeast Wyoming. Bear Lodge is a significant mineralized district containing many of the less common, more valuable, critical rare earths that are essential for electronics, fiber optics, laser systems for health and defense, as well as many evolving green technologies, like hybrid cars, solar panels and wind turbines. Permitting and feasibility work on the project continues to advance. The company is an affiliate member of the U.S. Department of Energy’s Critical Materials Institute, a combined government and private sector organization committed to eliminating supply chain issues for rare earths and other critical elements.
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