Rare Element Resources Ltd. (AMEX: REE) rallied as much as 3% on Thursday on speculation that the company could be a takeover target. Rare Element Resources Ltd. engages in the acquisition, exploration, and development of mineral properties primarily in Canada and the United States. The company primarily focuses on gold and rare-earth-elements. It holds a 100% interest in the Bear Lodge property located in northeast Wyoming. Stay tuned for more.
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