Rare Element Resources appoints Brent Berg as President and CEO

Brent Berg, President and Chief Executive Officer at Rare Element Resources

Rare Element Resources Ltd. is pleased to announce the appointment of Brent Berg as its President and CEO as Randall Scott retires. Mr. Berg is a highly qualified mining and mineral processing professional with over 25 years’ experience in the minerals industry, including 16 years in mine management roles and over 11 years working for in-situ recovery operations.

What does Berg bring to Rare Element Resources?

His experience includes over 21 years at Cameco Corporation in various roles, including as President of Cameco Resources, where he was responsible for oversight of the company’s operations in regions of Wyoming and Nebraska. Most recently, Brent Berg was the General Manager of Florence Copper Inc. where he was responsible for leading the team in the successful completion of a production test facility for in-situ copper recovery.

Prior to that, he served as the Vice President of Sustainability, Health & Safety for Excelsior Mining Corp. Mr. Berg is a Professional Engineer with a B.A.Sc. in Regional Environmental Systems Engineering from the University of Regina and an MBA from the University of Regina. Mr. Berg will commence his role with the Company effective November 1, 2022.

“Brent is a proven mining professional with extensive experience in the resource sector, including many years developing and operating mining projects in the great state of Wyoming,” stated Gerald Grandey, Chairman of the Board of Directors of the Company.

“Following a thorough and rigorous process led by the Board’s Executive Search Committee, we unanimously selected Brent to lead the Company through the upcoming rare earth processing and separation demonstration project and beyond,” Gerald further commented.

Mr. Grandey added, “The Board would like to thank Randall Scott for his long-standing and steadfast leadership of the Company since December 2011, not only as our President and Chief Executive Officer, but also as a valued member of the Board of Directors.”

“Our succession planning was a thoughtful process, and we appreciate Randy’s commitment during the transition that will occur over the month of November. Randy is leaving a solid legacy and foundation for the Company. We wish him the very best in his retirement.”

What is the market offering of Rare Element Resources?

The firm, along with its strategic partner, General Atomics, an affiliate of the firm’s largest and majority shareholder, Synchron, continues to progress its rare earth processing and demonstration project located in Upton, Wyoming, with planned completion of engineering and design by the end of 2022 and construction commencing in the summer of 2023.

Permitting, licensing, and early procurement of long lead-time equipment are underway. The planned demonstration plant will utilize the firm’s proprietary technology and is expected to produce commercial-grade neodymium/praseodymium (Nd/Pr) rare earth high-purity oxide that is used in producing high-strength permanent magnets. These high-strength permanent magnets are a key component in the manufacture of electric vehicles and wind turbines, etc.