Mr. Randall Scott reports
RARE ELEMENT RESOURCES CONFIRMS REVISED EIS SCHEDULE SUPPORTS GUIDANCE OF BEAR LODGE PROJECT COMMISSIONING AS EARLY AS MID-2017
Rare Element Resources Ltd. has received
notice from the Bear Lodge ranger district office of the United States Forest
Service, the lead agency on the environmental impact statement for the Bear Lodge project, that it anticipates completion of the
draft environmental impact statement in late summer 2015. The USFS also announced expected
availability of the final record of decision in late summer 2016.
Adherence to this schedule will allow the Bear Lodge project to stay on
track to begin commissioning as early as mid-2017, pending receipt of
federal, state and local permits and financing. This is in line with the
updated schedule announced in the Nov. 10, 2014, news release.
"We are pleased that the new timeline from the USFS is consistent with
our anticipated timetable and will allow us to begin commissioning as
early as mid-2017," stated Randall Scott, president and chief
executive officer. "We are grateful to the many leaders in both
Washington and the state of Wyoming who have publicly acknowledged the
significance of the Bear Lodge project, both from an economic and a
national security perspective, and are committed to helping bring the
project into production in as timely a manner as possible."
The alternative identification portion of the EIS was completed earlier
this year, and the company anticipates it will submit certain
applications in the second quarter, which will include the mine permit
application to the Wyoming Department of Environmental Quality.
We seek Safe Harbor.
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