Rare Element (REE $9.86) announced the results of an upgraded and
increased NI 43-101 compliant mineral resource estimate of rare-earth elements
plus yttrium contained in three deposits located in the Bull Hill area of the
Bear Lodge project, Wyoming.
The updated resource estimate upgrades 4.9 million tons (4.44 mm metric tonnes)
to the indicated category and increases the total pounds of REO contained in the
Bull Hill high-grade deposits by 20% from 1,210 million pounds (550 million kg)
to 1,450 million pounds (660 million kg) at a 1.5% REO cutoff grade. The mineral
resources were estimated by Ore Reserves Engineering (ORE), an independent
consultant. The new resource estimate focuses on the dike sets in the Bull Hill
Southwest deposit, plus the Bull Hill Northwest and the Whitetail Ridge deposit
areas.
In addition, the drilling indicates significant potential for expansion of all
three deposits, for discovering mineralization in the undrilled areas between
the deposits, and for definition of resources in other areas, such as Bull Hill
West and the Carbon REE target.






