DALLAS, Dec. 27, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Rare Element Resources Ltd. (AMEX:REE). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Rare Element Resources Ltd. (REE) is a mineral resource company focused on the exploration and development of rare-earth elements and gold. The Company controls 100% interest in the Bear Lodge property, which contains one of the largest disseminated rare earth element deposits in North America, (US Geological Survey Professional Paper 1049D), as well as extensive gold occurrences.
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In the report, the analyst notes:
"REE recently announced it has closed its previously announced financing, raising net proceeds of C$53.8 million.
"The Company said the new funds will be used to finance work at its Bear Lodge rare earths deposit in Wyoming, including the completion of a pre-feasibility study, pilot plant testing, drilling, metallurgical work, exploration programs, and for general working capital purposes."
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