Opening and Closing Bell on Wall Street
Rare Element Resources Ltd. (NYSE Amex-Listed REE), a mineral resource company focused on exploration and development of rare-earth elements and gold, visited the NYSE to mark the company’s first anniversary of its dual listing on NYSE Amex and the Toronto Stock Exchange (NYSE Amex: REE, TSE: RES). In honor of the occasion, President and CEO Donald Ranta rang The Opening BellSM.
About Rare Element Resources:
Rare Element Resources Ltd (TSX: RES & NYSE-AMEX: REE) is a publicly traded mineral resource company focused on exploration and development of rare-earth elements and gold on the Bear Lodge property.
Rare-earth elements are key components of the green energy technologies and other high-technology applications. Some of the major applications include hybrid automobiles, plug-in electric automobiles, advanced wind turbines, computer hard drives, compact fluorescent light bulbs, metal alloys, additives in ceramics and glass, petroleum cracking catalysts, and a number of critical military applications. China currently produces more than 95% of the 130,000 metric tonnes of rare-earths consumed annually worldwide, and China has been reducing its exports of rare earths each year. The rare-earth market is growing rapidly, and is projected to accelerate if the green technologies are implemented on a broad scale. (Source: Rare Element Resources)