Voting Results from Annual Meeting of Shareholders
Company Website:
http://www.rareelementresources.com
LAKEWOOD, Colo. -- (Business Wire)
Rare Element Resources Ltd. (NYSE MKT: REE and TSX: RES) (the
“Company”), a strategic materials company focused on delivering rare
earth products to technology industries by advancing the Bear Lodge
Critical Rare Earth Project in northeast Wyoming, announced that all
seven director-nominees were elected by the shareholders of the Company
at the 2015 Annual General Meeting held on June 10, 2015. Additionally,
Mr. Gerald “Jerry” W. Grandey was appointed by the Company’s Board to
serve as Chairman, replacing Lowell A. Shonk who had been in the role of
Interim Chairman since February, 2015. Mr. Grandey has been a member of
Rare Element Resources’ Board since August, 2013 and has over 30 years
of high-level executive experience in the natural resource sector, most
recently as Chief Executive Officer and a member of the Board of Cameco
Corporation, one of the world’s largest uranium producers.
“Jerry not only has a wealth of industry experience, but the Company
will also benefit from his leadership, technical and marketing-related
skills as we continue to position ourselves to help meet the need for
rare earth products in the technology sector,” said Randall J. Scott,
President and Chief Executive Officer. “Throughout his career, Jerry has
proven himself to be a thoughtful leader with international experience
who makes things happen, winning numerous industry awards over the
years, including being recognized by the Harvard Business Review as one
of the Top 100 CEO’s in the world in 2010. It is this vision that will
help us continue to move the Bear Lodge Project forward and allow us to
develop the relationships we need with those companies that understand
the value of the products we expect to produce and the need for a North
American rare earth supply source.
“We want to thank Lowell for assuming the role of interim Chairman. His
leadership on the Company’s Board is highly valued, including his
continuation as chair of both the Audit and Finance Committees.”
The Company also announced that all seven of the director nominees
listed in the Company’s management information circular dated April 30,
2015 were re-elected today. Shareholders also ratified the
re-appointment of EKS&H, LLLP, Certified Public Accountants, as the
auditors of the Company. Shareholders representing 56.07% of the
47,707,216 shares outstanding on the record date of April 16, 2015, were
represented in person or by proxy at the meeting. The tables below
provide the details for votes cast for the director-nominees and the
ratification of auditors.
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| |
|
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| |
| | | | Votes in Favor | | | | Votes Withheld |
Board Member | | | | Number of votes |
|
|
| % | | | | Number of Votes |
|
|
| % |
M. Norman Anderson
| | | |
6,648,434
| | | |
95.32
| | | |
326,451
| | | |
4.68
|
Norman W. Burmeister
| | | |
6,487,252
| | | |
93.01
| | | |
487,633
| | | |
6.99
|
Gerald W. Grandey
| | | |
6,692,848
| | | |
95.96
| | | |
282,037
| | | |
4.04
|
F. Steven Mooney
| | | |
6,664,816
| | | |
95.55
| | | |
310,069
| | | |
4.45
|
Paul J. Schlauch
| | | |
6,453,767
| | | |
92.53
| | | |
521,118
| | | |
7.47
|
Randall J. Scott
| | | |
6,651,673
| | | |
95.37
| | | |
323,212
| | | |
4.63
|
Lowell A. Shonk
| | | |
6,647,247
| | | |
95.30
| | | |
327,638
| | | |
4.70
|
| | | | | | | | | | | | | | | |
|
|
|
|
| |
|
|
| |
| | | | Votes in Favor | | | | Votes Withheld |
| | | | Number of |
|
|
| | | | | Number of |
|
|
| |
| | | | votes | | | | % | | | | Votes | | | | % |
Ratification of EKS&H, LLLP, Certified
| | | | | | | | | | | | | | | | |
Public Accountants as Auditor
| | | |
25,990,912
| | | |
97.15
| | | |
761,494
| | | |
2.85
|
| | | | | | | | | | | | | | | |
|
The Board of Directors for Rare Element Resources would like to thank
its shareholders for their continued support.
Rare Element Resources Ltd. is a publicly traded, mineral
resource company focused on delivering strategic materials to technology
industries by advancing plans to develop the Bear Lodge Critical Rare
Earth Project in northeast Wyoming. Bear Lodge is a significant
mineralized district containing many of the less common, more valuable
critical rare earths that are essential for electronics, fiber optics,
laser systems for health and defense, as well as many evolving green
technologies, like hybrid cars, solar panels and wind turbines.
Permitting and feasibility work on the Project continue to advance. The
Company is an affiliate member of the U.S. Department of Energy’s
Critical Materials Institute, a combined government and private sector
organization committed to eliminating supply chain issues for rare
earths and other critical elements.
For additional information, please visit the Company’s website at www.rareelementresources.com
or contact Robbin Lee at 720-278-2462 or rlee@rareelementresources.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150611005363/en/
Contacts:
Rare Element Resources Ltd.
Robbin Lee, 720-278-2462
rlee@rareelementresources.com
www.rareelementresources.com
Source: Rare Element Resources Ltd.
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