About us
What we do
REE Minerals holds exploitation rights to a world-class rare-earth element deposit within the Fen field in South-East Norway. This is estimated to be Europe’s largest deposit of light rare earth elements, strategically located close to key markets.
Significant tonnage
Largest deposit of light rare earth elements in Europe
Favorable distribution of rare earth elements
High share of critical elements for electric vehicles, wind turbines, IT and mobile devices.
Homogenous ore
Readily available for bulk mining with low exploration and mining cost
Similarities with other world-class deposits
Will be able to benefit from knowledge, reducing risks and metallurgical costs
Favorably positioned for cost-effective and low-risk production
Texture enables separation of substantial volume of waste rock prior to more expensive processing
Well-developed infrastructure in the Fen area
Near road, rail, port and lake for barge transportation.
Competitive advantages
Status and progress
REE Minerals has conducted four drilling programs, geochemical studies and bench scale test work at the Fen field, leading up to a maiden Mineral Resource Estimate (MRE) from the internationally recognized consulting firm SRK Consulting in September 2023.
The MRE is based on 10,447 meters of diamond drilling within REE Minerals Fen exploitation license, and reports an inferred mineral resources of 95 million tons of mass at an average grade of 1.28 percent TREO, equal to 1.2 million tons of rare earth oxides. Further, it confirms that the deposit is open-ended in several directions and that rare earth element mineralization is continuous down to a depth of at least 600 meters.
Our people
Key personnel
Thor Bendik Weider
CEO and Chairman of the Board
Master of Science from University of Nevada - Reno, USA. Solstrand Progam 2004. Extensive management and leadership experience. Currently operating as private investor and engaged as chairman and board member in various businesses.
Aslak Aslaksen
Board member
Commercial lawyer, Cand Jur. University of Oslo and LLM, Harvard Law school. Extensive experience in legal services and project development (primarily within renewable energy, biotech and mining projects) and as strategic advisor, investor and board member. Former member of Oslo City Council and the Urban Planning Committee.
Håkon Breda-Ruud
Board member
MSC from Norwegian Institute of Technology, MBA from IMD Lausanne. Former Partner Accenture, Vice President AT&T Solutions EMEAI (Europe, Middle East, Africa, India), Business Financial Director Europe Digital Equipment Corp, CEO Bank Axcept, IT-Manager Kreditkassen Bank.
Svein Solberg
Board member
BBA from the Norwegian Business School. 30 years of experience as CEO and owner of Scanma AS - Amada Japan.Extensive sales, management and leadership experience in the real estate and machine tool business. Currently a board member in a number of companies.
Asbjørn Buanes
Board member
Civil Engineer (NTNU-1980) and holds a master degree in technical cybernetics. Founder and involved in many small business start ups, most notably Medistim listed on Oslo Stock Exchange.