09:44 AM EST - Rare Element Resources Ltd. : announced that its unaudited financial statements and Management's Discussion and Analysis for the three months ended September 30, 2010 have been filed. Exploration expenses amounted to $2,839,204 (2009 - $486,749) during the three months ended September 30, 2010, of which $2,307,444 (2009 - $486,749) was spent on Bear Lodge Rare-Earth Project and $531,760 (2009 - $nil) was spent on the adjacent Sundance Gold Project. Both projects are located on the same property position. Loss for the period was $675,740 (2009 - $545,193) or $0.02 per share (2009 - $0.02), up 24% from the same period in the prior year.
shares V.RES are trading down $0.15 at $10.50.
