Rare Element Resources Ltd. (Rare Element) is an exploration-stage company. The Company is focused on exploration and development of rare-earth element deposits. The Company is advancing development of the Bear Lodge Rare Earth Element Project (Bear Lodge REE Project) located near the town of Sundance in northeastern Wyoming, United States on the Bear Lodge Property. The Bear Lodge REE Project consists of a large disseminated rare earth element deposit. The Bear Lodge Property consists of two projects: Bear Lodge Rare Earth Element 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.