Coal-derived power comprises over 39% of the world’s power production. Therefore, a mass volume of coal combustion byproducts are generated and shifted the extra burden onto the economy and environment. Circulating fluidized bed combustion (CFBC) has been found to be a clean and ultimate technology for Korea’s coal-fired power plants to have effective power generation from low-grade imported coal with reduced emissions. Efforts have been made to broaden the utilization of CFBC coal ash, and to promote sustainable development of CFBC technology. Investigations provided numerous evidences for coal ash to be a potential deposit for rare earths reclamation. However, the basic characteristics and the methods of rare earth mining from the CFBC bottom ash lack detailed understanding and are poorly reported. This study highlighted an insight of the CBFC bottom ash with respect to REEs concentration. Moreover, agents were tested as a means for leaching REEs from Samcheok CFBC bottom ash. The leaching tests were performed in relation to variations in concentration, time and temperature. The results were applied to identify suitable processes to leach REEs from the ash and clarify the potential valuation of CFBC bottom ash. The leaching conditions attained by ANOVA analysis for hydrochloric concentration, temperature, and time of 2 mol L−1, 80 °C, and 12 h, were found to provide a maximum extraction of yttrium, neodymium and dysprosium of 62.1%, 55.5% and 65.2%, respectively.