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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.
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Company Description
Rare Element Resources Ltd is a mineral exploration company. It is engaged in advancing the Bear Lodge REE Project located near the town of Sundance in northeast Wyoming on the Bear Lodge Property.