Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last C$0.47 CAD
Change Today -0.01 / -2.08%
Volume 910.0
RES On Other Exchanges
Symbol
Exchange
Toronto
NYSE Amex
Frankfurt
As of 10:46 AM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

rare element resources ltd (RES) Snapshot

Open
C$0.47
Previous Close
C$0.48
Day High
C$0.47
Day Low
C$0.47
52 Week High
02/18/15 - C$1.31
52 Week Low
02/2/15 - C$0.30
Market Cap
24.9M
Average Volume 10 Days
7.8K
EPS TTM
C$-0.23
Shares Outstanding
52.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RARE ELEMENT RESOURCES LTD (RES)

Related News

No related news articles were found.

rare element resources ltd (RES) Related Businessweek News

No Related Businessweek News Found

rare element resources ltd (RES) Details

Rare Element Resources Ltd., an exploration stage company, engages in the exploration and development of mineral properties in the United States. It primarily explores for 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, northeast Wyoming. Rare Element Resources Ltd. is headquartered in Lakewood, Colorado.

21 Employees
Last Reported Date: 03/12/15

rare element resources ltd (RES) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $252.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $230.0K
Chief Operating Officer
Total Annual Compensation: $238.8K
Vice President of Government and Community Re...
Total Annual Compensation: $172.0K
Compensation as of Fiscal Year 2014.

rare element resources ltd (RES) Key Developments

Rare Element Resources Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Rare Element Resources Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company does not have production-related revenues. The net loss for the quarter ended June 30, 2015, totaled $2.1 million, or $0.04 per share, compared with a net loss of $3.1 million, or $0.06 per share, for the same period in 2014. The key drivers behind the year-over-year decrease in net loss for the quarter were a decrease in exploration and evaluation expenses of $0.8 million, the result of a reduction in exploration and technical and economic evaluation work and a focus on permitting and separation work; lower corporate administrative costs of $0.3 million, primarily due to the company’s cost-containment efforts and a reduction in stock-based compensation and partially offset by an unfavorable variance in currency translation of $0.2 million. The consolidated net loss for the six-month period ended June 30, 2015 was $4.6 million, or $0.09 per share compared with $7.5 million, or $0.16 per share, for the same period in 2014. The key drivers behind the decrease in net loss was, a decrease in exploration and evaluation expenses of $2.5 million; lower corporate administrative cost of $0.6 million; partially offset by an unfavorable variance in currency translation and unrealized gains on derivatives, collectively $0.2 million.

Rare Element Resources Completes Key State and Federal Applications as Next Step in Bear Lodge Project Permitting

Rare Element Resources Ltd. announced that it has submitted applications for two key permits necessary to mine and recover rare earth elements as the next step in the permitting process. The mine permit application, which was submitted to the Wyoming Department of Environmental Quality - Land Quality Division (WDEQ-LQD) on June 3, 2015, will allow the company to operate the mining and processing facilities associated with the Bear Lodge Project. The company received notice from the WDEQ-LQD on June 8, 2015 that the application was deemed to be 'complete' and that the 150-day technical review period has begun. In addition, the company submitted a license application to the U.S. Nuclear Regulatory Commission to possess source material on May 5, 2015. Having this license will allow for the recovery of rare earths and the possession of small quantities of thorium and uranium that are incidental to the recovery of rare earth elements. The company plans to regularly dispose of the source material at a licensed disposal facility. The NRC has notified the company that their 90-day license acceptance review process officially started on May 26, 2015.

Rare Element Resources Ltd. Announces Management Changes

Mr. Gerald “Jerry” W. Grandey was appointed by the Rare Element Resources Ltd.’s Board to serve as Chairman, replacing Lowell A. Shonk who had been in the role of Interim Chairman since February, 2015. Mr. Grandey has been a member of Rare Element Resources’ Board since August, 2013 and has over 30 years of high-level executive experience in the natural resource sector, most recently as Chief Executive Officer and a member of the Board of Cameco Corporation.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
RES:CN C$0.47 CAD -0.01

RES Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for RES.
View Industry Companies
 

Industry Analysis

RES

Industry Average

Valuation RES Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book 2.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact RARE ELEMENT RESOURCES LTD, please visit www.rareelementresources.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.