Rare Element Resources Ltd. · OTC:REEMF

Rare Element Resources — Investor Presentation (September 2025)

13 slides from Rare Element Resources's investor presentation, September 2025

  1. Slide 1: Rare Element Resources (RER) Company Update

    Rare Element Resources (RER) Company Update 1 Sept 2025

  2. Slide 2: Disclaimer

    Disclaimer This presentation This presentation contains forward-looking statements and forward-looking information (collectively, the “forward-looking statements”) within the meaning of securities legislation in the United States and Canada. Except for statements of historical fact, certain informat

  3. Slide 3: Vision and Value

    Vision and Value To Develop a Secure, US-Based Rare Earth Supply Chain - Supporting Critical, High-tech Applications Vision: To become a long-term, secure, and reliable domestic source of separated rare earth minerals, from mine to oxides, focusing on those essential for advanced magnet technology.

  4. Slide 4: Company and Project Profile

    Company and Project Profile • RER’s Bear Lodge Project targets the upstream half of the domestic rare earth market, from mine to separated rare earth oxides (NdPr Oxide). • RER (Market cap ~$600M) has invested $170M+ developing, characterizing, and delineating the Bear Lodge rare earth deposit while

  5. Slide 5: Separation Technology

    Separation Technology • RER’s $66M+ Demonstration Plant in Wyoming, is expected to produce up to 10 tonnes commercial-grade Nd/Pr oxide in 2026, leveraging proprietary technology developed with General Atomics, RER’s majority shareholder affiliate. • Supported by $24M+ from the DOE & $4.4M from the

  6. Slide 6: Patented & Proprietary REE Technology

    Patented & Proprietary REE Technology RER’s demonstration project is expected to produce separated high-purity Nd/Pr oxide and provide performance metrics for extrapolation to full-scale commercial operations 6

  7. Slide 7: 2025 Activities To-Date

    2025 Activities To-Date • March 2025, received non-binding Letter of Interest from EXIM for up to $553 million in debt financing to support the Bear Lodge Project, coinciding with a presidential executive order to accelerate critical mineral production. • In 2Q 2025, postponed the planned commenceme

  8. Slide 8: Demonstration Plant: Path to Commercialization

    Demonstration Plant: Path to Commercialization •Demonstration Plant estimated to yield up to 10 tonnes of NdPr oxide & up to 240 kg of Heavy REE (HREE) concentrate •Operations up to 12 months & NRC license valid through mid-2027 •Construction completed; undergoing as-built review/optimization; opera

  9. Slide 9: Bear Lodge Deposit

    Bear Lodge Deposit • RER's Bear Lodge deposit is a USGS recognized world- class mineral deposit that has some of the highest total rare earth oxide (TREO) concentration in the world. • Measured resource concentration is 4.53% TREO or 45,300 ppm…more than 11X more concentrated than other comparable h

  10. Slide 10: Bear Lodge Project: Mineralized Material

    Bear Lodge Project: Mineralized Material • Bear Lodge is a USGS - recognized world-class mineral deposit with some of the highest rare earth concentrations in the world: 100% owned by RER • Maximizing value of magnetic materials: Neodymium & Praseodymium (NdPr) oxide • Bear Lodge resource also holds

  11. Slide 11: Bear Lodge Deposit: Rich in Key Magnet Materials

    Bear Lodge Deposit: Rich in Key Magnet Materials Bear Lodge Mineralized Material Projected Distribution by Weight • Over 500 holes drilled – 285,000 ft of core evaluated • High-grade Nd/Pr oxide deposit • High-grade zone will boost returns in early years • Initial 30-year mine life; additional targe

  12. Slide 12: Corporate Information

    Corporate Information • Stock Exchange Listing: OTCQB: REEMF (Amounts in USD and millions unless otherwise noted) • Cash at 8/31/25 $22.1 Debt None • Shares Outstanding (at 8/31/25) 516,134,712 • Options (weighted average exercise price of $1.32/sh) 3,705,000 • Warrants None • Beneficial Ownership b

  13. Slide 13: www.RareElementResources.com

    www.RareElementResources.com OTCQB: REEMF 13

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