Rare Element Resources Ltd. (Rare Element) is engaged in the acquisition, exploration and development of mineral properties. The Company�s principal property is the Bear Lodge Property located in northeastern Wyoming, United States of America. The property contains the Bear Lodge REE Project, a disseminated rare-earth elements (REE) deposit, as well as the Sundance Gold Project, gold occurrences. During the fiscal year ended June 30, 2010 (fiscal 2011), the Company acquired the Eden Lake property in Manitoba, Canada and the Nuiklavik property in Labrador, Canada. Both Eden Lake and Nuiklavik properties contain REE deposits. On August 4, 2011, the Company announced the discovery of high grades of heavy rare-earth elements (HREE) in the Whitetail Ridge resource area, and in the East Taylor and Carbon target areas, and the discovery of high-grade REE mineralization at the East Taylor target at the Bear Lodge REE Project.