DOE Offers $21.9M to Support New Rare Earth Processing Plant

Date Published10/07/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Rare Element Resources Ltd.
Parent companyRare Element Resources Ltd.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2021
Country(ies) from which reshored:Canada
City reshored to:Upton
State(s) reshored to:WY
If relevant, work nearshored to:-
Product(s) reshoredCommercial grade, neodymium praseodymium
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:$29.1 million
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