Rare Element Resources Ltd., (Rare Element) is an exploration-stage company. The Company is focused on exploration and development of Rare Earth deposit. It is focused on advancing to production the Bear Lodge REE Project in Wyoming that is located primarily on the Bear Lodge property, near the town of Sundance in the state of Wyoming. The Bear Lodge REE Project consists of disseminated REE deposit and a proposed hydrometallurgical plant to be located near Upton, Wyoming. The REE deposit is the grade for REE deposit identified in North America and the grade known Eu deposits in the world. The Bear Lodge Property consists of two projects: Bear Lodge Rare Earth Element (REE) Project and the Sundance Gold Project. The Bear Lodge REE Project consists of the Bull Hill mine deposit, the Whitetail Ridge resource area, and the East Taylor and Carbon exploration targets. The Company holds interest in the Bear Lodge Property through its wholly owned subsidiary, Rare Element Resources, Inc.