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Rare Element Resources Ltd. (REE)

- NYSEMKT
  • Apr. 2, 2012, 8:25 AM
    Molycorp (MCP) pops on a Bloomberg report seeing the company as a takeover play, and suggesting BHP and Rio Tinto (RIO) as possible buyers. One hedge fund manager (long the stock?) suggests the firm could fetch $60/share against the Friday close of $33.83. Shares +3% premarket.
    | Comment!
REE vs. ETF Alternatives
Company Description
Rare Element Resources Ltd is a capital pool company and operates in the mining industry focused on advancing its Bear Lodge REE Project located near the town of Sundance in northeastern Wyoming on the Bear Lodge Property.