Rare Element Resources, which was essentially formed to develop the Bear Lodge Critical Rare Earth Project, reported today that the company has now secured proper notice from the U.S. Forest Service that their plan of operations for the project passes muster for NEPA process (impact and mitigation analysis) formal proceedings to begin.
Extensive USGS data has confirmed estimates of the Bear Lodge site potential, making it one of the biggest deposits of disseminated rare-earth elements in all of North America and there is some good gold and copper mineralization here as well. The plan of operations provides a comprehensive blueprint outlining affected areas and the anticipated environmental protection requirements, in addition to a detail run-down of the proposed operations and the plan will be available on the Rare Element Resources website as early as this June 1.
COO of REE, Jaye Pickarts, happily noted that today’s announcement clears the way for the next phase of development at Bear Lodge and made sure to thank the Bear Lodge District Forest Service, as well as U.S. Forest Service officials (whose job it is to ensure NEPA process compliance), for their efforts in carefully reviewing the proposed plan. The plan packs in all of the laborious environmental/engineering work done thus far on Bear Lodge and REE is set up really nicely here for the upcoming EIS (environmental impact statement), which will form a major part of the NEPA process.
Pickarts pledged that REE will continue to fully support the NEPA process moving forward with all the technical help they are able to assemble and he then doubled-down on REE’s commitment to assisting Forest Service personnel, as well as other state and federal agencies as the project advances.
President and CEO of REE, Randall Scott, called today’s announcement a major environmental and project milestone, tipping his hat to investors about how fortunate REE is to have a lock on this exceptional resource site in the mining-friendly state of Wyoming. Scott pointed to superb logistics, existing infrastructure, and the rich pool of talented personnel available in northeast Wyoming as positive leading indicators of developmental success, underscoring the diligent engagement of state officials, business leaders, and area residents by the company, all of whom Scott was confident understood the vast benefits of properly executed natural resource development like this.
Bear Lodge has a bunch of the critical rare earths we need to fuel the domestic economy in coming decades and with the global market supply for rare earths increasingly scarce, as more hands chase fewer inputs, the project is also of strategic importance for the U.S. economy as a whole. Electronics of every sort, fiber optics, hybrid cars, solar panels, and a variety of other high-tech applications are generating unprecedented global demand for rare earths, especially the rarer kinds available in abundance at Bear Lodge and it is reassuring to know that permitting and feasibility are already well underway.
To learn more about Rare Element Resources, visit www.RareElementResources.com
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