Rare Element Resources Ltd.

09:58 AM EST - Rare Element Resources Ltd. : Announced that formal notice has been received from the U.S. Department of Energy that General Atomics, an affiliate of Synchron, the Company’s largest shareholder, along with Rare Element Resources, Inc., a wholly-owned subsidiary of the Company, have been selected to enter negotiations in relation to a financial award under the Critical Materials Funding Opportunity Announcement for the engineering, construction and operation of a rare earth separation and processing demonstration plant. Rare Element Resources Ltd. shares T.RES are trading unchanged at $0.21.