Last C$0.36 CAD
Change Today -0.025 / -6.58%
Volume 35.4K
RES On Other Exchanges
Symbol
Exchange
Frankfurt
As of 3:52 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

rare element resources ltd (RES) Snapshot

Open
C$0.34
Previous Close
C$0.38
Day High
C$0.37
Day Low
C$0.34
52 Week High
03/6/14 - C$2.32
52 Week Low
01/26/15 - C$0.34
Market Cap
16.9M
Average Volume 10 Days
30.9K
EPS TTM
C$-0.36
Shares Outstanding
47.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RARE ELEMENT RESOURCES LTD (RES)

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rare element resources ltd (RES) Details

Rare Element Resources Ltd., a mineral resource company, focuses on the exploration and development of gold and rare-earth element (REE) deposits. The company holds a 100% interest in the Bear Lodge property that comprises the Bear Lodge REE project and the Sundance Gold project located in central Crook County, northeastern Wyoming. Rare Element Resources Ltd. is based in Lakewood, Colorado.

26 Employees
Last Reported Date: 03/17/14

rare element resources ltd (RES) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $312.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $11.4K
Chief Operating Officer
Total Annual Compensation: $280.8K
Chief Administrative Officer, Vice President,...
Total Annual Compensation: $249.8K
Compensation as of Fiscal Year 2013.

rare element resources ltd (RES) Key Developments

Rare Element Resources Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Rare Element Resources Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net loss totaled $3.6 million, or $0.08 per share, compared with a net loss of $6.9 million, or $0.15 per share, for the same period in 2013. The key drivers behind the reduced year-over-year loss were primarily, decrease in exploration and evaluation expense of $3.3 million, the result of a shift from exploration activities to development-related activities and Lower corporate administrative cost of $0.5 million, primarily due to lower stock-based compensation expense and the company's continued focus on containing costs; partially offset by an unfavorable variance in currency translation of $0.5 million. For the nine months ended September 30, 2014, the net loss was $11.1 million, or $0.23 per share, compared with a net loss of $16.5 million, or $0.36 per share, for the same period in 2013. The key drivers behind the improved year-over-year results were primarily decrease in exploration and evaluation expenses of $3.3 million, lower corporate administrative cost of $1.3 million and a favorable variance in currency translation losses of $0.9 million. The net cash used of $3.2 million during the quarter was spent primarily on permitting, engineering and economic evaluation work to support the Preliminary Feasibility Study.

Rare Element Resources Announces 2014 Pre-Feasibility Study on the Bear Lodge Project

Rare Element Resources Ltd. announced that it has incorporated the significant resource expansion and numerous operational improvements announced over the last several months into a positive 2014 Pre-Feasibility Study (PFS) for the Project. PFS Highlights include: Low initial capital cost of $290 million; Mining of high-grade zone in Years 1 -- 9 boosts initial cash flows and results in a 2.9-year payback from the start of production; After-tax net present value (NPV) of $330 million at a 10% discount rate, and after-tax internal rate of return (IRR) of 29%; 45-year Project life based on the expanded Measured and Indicated (M&I) mineral resource -- additional upside possible from Inferred mineral resource, including the potential delineation of additional high-grade mineral resource, and heavy rare earth (HRE)-enriched exploration targets; A proprietary recovery process that consistently produces a 97+% pure, near thorium-free, total rare earth oxide (TREO) concentrate; Average annual production of over 7,500 tons (6,800 tonnes) of TREO concentrate. Various activities undertaken by the Company in connection with the PFS have significantly de-risked the Project, including: Successfully completed additional pilot plant studies and further refined the process technology, Sized the Project to balance initial capital cost with meaningful market penetration while preserving ability to accelerate production when market conditions warrant, Advanced the permitting process, most significantly with the progress on the draft Environmental Impact Statement (EIS), and Provided concentrate product to potential customers/partners for evaluation where the initial feedback has been positive.

Rare Element Resources Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2014

Rare Element Resources Ltd. reported unaudited consolidated earnings results for the second quarter ended June 30, 2014. Net loss for the quarter ended June 30, 2014 totaled $3.1 million, or $0.06 per share, compared with a net loss of $5.3 million, or $0.12 per share, for the same period in 2013. The key drivers behind the lower year-over-year expenses were primarily: a decrease in exploration and evaluation expenses of $0.9 million, 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 $0.5 million, primarily due to lower stock-based compensation expense; and a favorable variance in currency translation of $0.9 million.

 

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