Rare Element Resources (REE) Reports Q2 Loss of $0.16

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Go back to Rare Element Resources (REE) Reports Q2 Loss of $0.16

Rare Element Resources (REE) Announces $17M Award from UK Government

August 19, 2021 6:33 AM EDT

REE Automotive Ltd. (NASDAQ: REE), an innovator in e-mobility which recently started to trade on Nasdaq, today announced that its REEcorner technology was awarded $17 million USD funding from the UK government as part of a $57 USD million investment, coordinated through the Advanced Propulsion Centre (APC). The investment is in line with the UK governments ambition to accelerate the shift to zero-emission vehicles and de-carbonize the UKs transport networks. The award funding follows an intensive vetting and selection process from which REEs project and three other transformational projects were selected amongst dozens of companies.... More