What are REE?
Rare earth elements include scandium, yttrium, and the lanthanides. They are used in magnets, wind turbines, EVs, electronics, optics, catalysts, and defence systems.
Fen Complex, Telemark
REE Exploration AS holds Fensbukta 1-5 exploration rights around the Fen Complex, a rare earth mineral district in Nome, Telemark, about 120 km southwest of Oslo.
Rare Earth Elements
Rare earth elements include scandium, yttrium, and the lanthanides. They are used in magnets, wind turbines, EVs, electronics, optics, catalysts, and defence systems.
EU supply remains import-dependent and concentrated. Eurostat reported 12,900 tonnes of REE+ imports in 2024, with China the largest partner at 46.3% by weight.
Fen Complex
Formed around 580 million years ago, the Fen Complex is the preserved root of an ancient volcanic system. The surface volcano has disappeared, but the deeper feeder system remains near Ulefoss and Lake Norsjø.
Fen is the global reference locality for carbonatites, unusual rock systems often associated with rare earth enrichment. This makes the area one of Europe’s most relevant geological settings for critical minerals exploration.
The wider Fen system is estimated at 15.9 Mt total rare earth oxides (TREO). The estimate includes neodymium and praseodymium, key rare earths used in permanent magnets for electric vehicles, wind turbines and advanced technologies.
Fen Geology Map
The Bærevann report describes the area as a possible plan area for mass deposition and industry linked to underground extraction. It also records major nature values that would require further planning, avoidance, and mitigation.
Work
Independent geophysical review completed for the Fensbukta licences.
REE-bearing fluids may have moved south from Fen along structural corridors.
NGI suggests six priority zones in Fensbukta 1, based on radiometric and magnetic signatures consistent with potential mineralisation.
Bærevann lies within this zone, adding relevance to the wider Fen development.
Who We Are
REE Exploration is a cross-disciplinary team combining legal, operational, investor, technical, and business development backgrounds.
Chair of the Board / Legal Counsel
ole.danbolt@reexploration.no
Managing Director
kurt.parkstad@reexploration.no
Investor Relations
asbjorn.aakvaag@reexploration.no
Technical Lead
erlend.aakvaag@reexploration.no
Founder / Business Development
gunnvald.solli@reexploration.noContact
Send a direct enquiry to post@reexploration.no.