11:39 AM EST - Rare Element Resources Ltd. : announces that the Sundance gold exploration venture, which is a joint venture between Paso Rico (USA) Inc, a subsidiary of Rare Element Resources, and Newmont North America Exploration Limited, a subsidiary of Newmont Mining Corporation, has received the exploration permit allowing for an expanded drilling program on the Bear Lodge property, Wyoming. Both Newmont and Rare Element Resources have prepared detailed drill plans for their respective 2009 exploration programs. Rare Element Resources Ltd.
shares V.RES are trading down $0.09 at $1.56.