Rare Element Resources Ltd. (TSX:RES,NYSEMKT:REE) announced that last week, work officially began on the environmental impact statement for the company’s Wyoming-based Bear Lodge project under the National Environmental Policy Act (NEPA).
As quoted in the press release:
The first step in the NEPA process will be the publication in the Federal Register of a Notice of Intent to prepare the EIS and the announcement of public scoping meetings. Scoping is the mechanism by which the public becomes involved with the EIS at the onset of the NEPA process. The purpose of scoping is to identify the significant environmental issues that are then used to develop the alternatives to be analyzed in the EIS.
Jaye T. Pickarts, COO of Rare Element, commented:
The team the Forest Service has assembled for the preparation of the Bear Lodge EIS includes an impressive collection of technical experts covering many disciplines that will ensure the completion of a document that carefully and sufficiently considers and addresses the impacts of our proposed operations.
We believe the Bear Lodge Project is an important component of America’s expressed desire to re-establish a secure, domestic source of critical rare earths, and we are committed to developing a project that meets the highest standards of environmental stewardship. We look forward to working with the Forest Service and Tetra Tech to advance the EIS process as efficiently and timely as possible while ensuring completion of a thorough assessment.