Rare Element Resources Announces Appointment of Wayne Rich as Chief Financial Officer

Rare Element Resources on March 29, 2022, announced the appointment of Wayne Rich as a CFO (Chief Financial Officer). The main responsibility of Wayne Rich as a CFO is to report on rare earth processing and separation demonstration plant project. 

Mr. Wayne Rich Profile

Mr. Rich has 20 years of experience as a financial executive in the resource. Metal and mining organizations. He has served for Star Mountain Resources Inc as a CFO. Working experience with Prospect Global Resources as a CFO and Vice President of Finance. Also, he was treasurer and director of Thompson Creek Metals, Inc. 

Mr. Wayne Rich has the experience to manage the following financial departments:
1- Public Accounting and Reporting
2- Internal Management Controls

3- Financial Modeling

Mr. Rich has studied MBA from Illinois State University and Bachelor’s degree in Accountancy from Eastern Illinois state university.

Mr. Wayne Rich job as CFO is effective from March 28, 2022.

Rare Element Resources with general atomic is working on the plant in Wyoming. Still the project is in the design phase which comprises the engineering process, contracting and licensing. It is estimated that the construction could be completed within 18 to 26 months. 

The extraction and filtration of rare earth resources from the stockpiled Bear Lodge project could be taken 12 to 14 months.

REEMF Stock

The price of REEMF Stock on July 24, 2022, was  0.71 US dollars. The maximum price in the last 5 years was recorded at 4.09 US dollars on February 19, 2022.