David P Suleski, the company’s CFO since 2011, ceased serving in that role from 11 December 2013.

“We thank Dave for his contributions over the last three years helping us advance the Bear Lodge Project from an exploration play to a development opportunity,” stated Randall J Scott, president and CEO. “Paul’s strong finance background in extractive industries, his knowledge of the company from his former tenure on our board and his experience in the equities market will allow him to seamlessly step into the CFO role and become a key member of our executive team. Those skills also make us confident that he is the right person to guide us on the next phase of our journey as we continue to advance the Bear Lodge Project towards development.”

Rare Element Resources Ltd is advancing development of the Bear Lodge Project, located in northeast Wyoming. Bear Lodge contains many of the less common, more valuable critical rare earths used in electronics, fibre optics and laser systems for health and defence, as well as green technologies such as hybrid cars, solar panels and wind turbines.