Rare Element Resources to Participate in the Emerging Growth Metals, Minerals and Energy Conference

Rare Element Resources Ltd. (the “Company” or “RER”) (OTCQB: REEMF) is pleased to announce that it will be presenting at the Emerging Growth Metals, Minerals and Energy Conference on May 17, 2023. This real-time, interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company’s President and Chief Executive Officer, Brent Berg. Mr. Berg will present on the rare earth industry and the Company’s progress on the development of its rare earth processing and separation demonstration plant in Upton, Wyoming. Mr. Berg will also be attending and presenting at the Wyoming Mining Association annual meeting in Sheridan, Wyoming on June 7-9, 2023.

On April 13^th, Mr. Berg participated in the 2023 National Lab Day at the University of Wyoming as a member of the Energy Industry Panel. The event included presentations by Dr. Geraldine Richmond, Department of Energy (DOE) Undersecretary for Science and Innovation, and Senator John Barrasso (R-Wyo.).

“During this critical time as the U.S. works to advance a domestic rare earth supply chain, I am pleased to be presenting in multiple venues in the coming weeks,” Mr. Berg stated. “Rare Element Resources is poised to become a cornerstone for a secure, domestic supply of the critical magnet materials essential to so many hi-tech and green technologies. Attending these events will allow me to highlight our progress.”

Mr. Berg added, “The Company has been working, along with our strategic partner, General Atomics, to advance our demonstration project to confirm the advantages of our proprietary rare earth recovery and separation technology. Data generated from the demonstration plant will be used in an economic evaluation and the design of a full-size commercial plant for processing material from the Bear Lodge Project, as well as to validate the cost and environmental benefits of the process over traditional recovery methods. With timely permitting and licensing, we are looking to commence construction of the plant in the second half of 2023 and for operations to begin in mid-2024.”

The Company's presentation at the Emerging Growth Conference will be from 1:10 – 1:40 PM ET on Wednesday, May 17^th. Please register for the event using the link available on the landing page of the Company’s website at www.rareelementresources.com. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on the Company’s website.