Climate Change Data

Rare Element Resources

Climate Impact & Sustainability Data (2014, 2022)

Reporting Period: 2014

Environmental Metrics

Water Consumption:Up to 74 gallons per minute for PUG plant and mine

ESG Focus Areas

  • Environmental Impact Minimization
  • Resource Management
  • Compliance

Climate Goals & Targets

Environmental Challenges

  • Potential environmental impacts from mining activities (water quality, air quality, habitat disturbance)
  • Managing waste rock and tailings
Mitigation Strategies
  • Construction of sediment ponds to manage surface water runoff
  • Topsoil storage and use for reclamation
  • Progressive reclamation during mining operations
  • Compliance with State of Wyoming standards for discharges

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental Impact
  • Domestic REE Supply Chain
  • National Security

Environmental Achievements

  • Developed a proprietary REE extraction/separation process with greater efficiency and lower environmental impact than current industry methods. Pilot plant testing achieved >99.5% pure Nd/Pr oxide.

Social Achievements

  • Creation of jobs in Wyoming through the demonstration plant and Bear Lodge Project. Collaboration with Wyoming Energy Authority and Department of Energy.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Become a cornerstone of a domestic REE supply chain.
Medium-term Goals:
  • Commercial plant development based on data from the demonstration plant.
Short-term Goals:
  • Construction of demonstration plant in Upton, WY (expected to begin late 2023).

Environmental Challenges

  • China's dominance in the global REE market (85% refined supply, 92% magnet products in 2022).
Mitigation Strategies
  • Development of the Bear Lodge Project in Wyoming to establish a domestic, reliable source of REEs. Partnership with General Atomics to leverage their advanced technology expertise.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed