Updated
Updated · Yahoo Finance · Aug 20
Rare Element Resources Denies August 26 Investment Claim, Warns on Unauthorized Research
Updated
Updated · Yahoo Finance · Aug 20

Rare Element Resources Denies August 26 Investment Claim, Warns on Unauthorized Research

3 articles · Updated · Yahoo Finance · Aug 20

Summary

  • Rare Element Resources said Aug. 20 that no discussions, negotiations or agreements exist over the purported strategic investment described in online market research.
  • The company said the materials were unauthorized, that it has no affiliation with them, and that they falsely suggested an announcement could come as soon as Aug. 26.
  • RER urged shareholders to treat unsolicited research and promotional material cautiously and to rely instead on SEC filings and official company press releases.
  • The statement addresses speculation around the Wyoming-focused rare earth developer, whose Bear Lodge project targets materials used in defense, electronics and clean-energy technologies.

Insights

Who orchestrated the fake investment rumors about Rare Element Resources right as their critical Wyoming rare earth plant nears completion?
Could these unsolicited promotional materials be a strategic pump-and-dump scheme exploiting the recent surge in U.S. rare earth funding?
With their demonstration plant commissioning this summer, will Rare Element Resources eventually need the exact strategic investment they just denied?