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Rare Element Resources Announces EXIM Letter of Interest for Bear Lodge Project Funding
Rare Element Resources received a non-binding Letter of Interest from the Export-Import Bank of the United States (EXIM) for up to $553 million in debt financing for the Bear Lodge Project in Wyoming. This funding would support permitting, engineering, design, and construction. The EXIM support coincides with a Presidential Executive Order to increase American mineral production, including rare earths. The Bear Lodge Project aligns with EXIM initiatives to support American jobs and counter competition from China in critical export areas.
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