Quantum Rare Earth Developments Distinguished in BNN
Interview and Mining Journal as Ideal Vehicle for Exposure to Niobium and REE
Acknowledged by the USGS as
'potentially the largest global resources of niobium and rare-earth elements'
Quantum Rare Earth Developments Corp. (TSX VENTURE: QRE) (Frankfurt: BR3) (US
Listing: QREDF) is positioned with its Elk Creek carbonatite as a leader in the
mining sector for both REE and niobium exploration and development in North
America -- Shares of QRE.V appear poised for significant upside revaluation.
New York, NY May 14, 2010
Mining MarketWatch Journal has published a Special Situation Advisory and review
on Quantum Rare Earth Developments Corp. (TSX VENTURE: QRE) (Frankfurt: BR3) (US
Listing: QREDF) offering insight and opportunity afforded investors as Quantum's
acquiring of the Elk Creek carbonatite is considered an industry coup and
propels QRE.V to the fore of the mining sector for both REE and niobium
exploration and development.
The full Special Situation Advisory, review, and clip of recent television
interview of the CEO and President of QRE.V may be found at http://miningmarketwatch.net/QRE.htm
Excerpts: News last week of Quantum Rare Earth Developments Corp. acquiring the
Elk Creek carbonatite is considered an industry coup and propels QRE.V to the
fore of the mining sector for both REE and niobium explration and development.
The Elk Creek carbonatite, measuring ~7 square kilometers in southeastern
Nebraska, is acknowledged by the USGS as 'potentially the largest global
resources of niobium and rare-earth elements' and was successfully targeted in
the past by Molycorp in the 70s and 80s (before its parent entity Unocal ran
into financial trouble and China forced the closure of REE development in North
America). QRE.V will own 100% of the project via acquisition of Nebraska
registered Elk Creek Resources (as a wholly owned subsidiary) which has
essentially purchased 99% of the core area plus additional fringe portions
employing the same land assembly process that Molycorp had used; via options on
both surface and mineral rights. Molycorp had put in a total of 105 drill holes
and outlined several different deposits at Elk Creek some of which are rare
earth and some of which are niobium (a steel hardener with superior qualities
Targeting Largest Global Resource of Niobium: Historic (non NI 43-101 compliant)
results on the Elk Creek Carbonatite from 105 drill holes performed by Molycorp
revealed 39.4M tonnes of 0.82% niobium with the deposit open to the North, West
and at depth. To put this in perspective, currently the Niobec mine of IAMGOLD
is the only mine in North America that produces niobium; Mining MarketWatch
Journal research indicates IAMGOLD generated net income of ~$100M+ per annum
from Niobec which pegged reserve figures at ~32M tonnes of 0.56% niobium, last
year Niobec produced over 4M kg of Niobium at an operating margin of ~$20/kg
with a grade average of ~0.61% -- comparatively QRE.V now appears to have a
company-maker in niobium alone.
Targeting Largest Global Resource of Rare-Earth Elements: Within the massive
carbonatite there are several recorded occurrences of rare earth elements.
Molycorp did not put in enough drill holes to calculate a resource for REEs
however their geologists used terms to describe the situation unfolding in terms
of 'tens of millions and megatonnes'. Drill hole intercepts (non NI 43-101)
included 608ft of 1.18% lanthanides, 630 ft of 1.3%, 110ft of 2.09%, 460ft of
2.19%, 60ft of 3.89% -- Mining MarketWatch Journal notes these figures are
massive and very good grades.
Note: The United States government has a grant of 1.2 billion earmarked for the
development of Rare Earth projects within the USA of which the Elk Lake
Carbonatite should be a prime candidate; Quantum's Elk Creek carbonatite alone
could conceivably provide self-sufficiency for North American industry regarding
many rare earth elements and alleviate some of the genuine concerns surrounding
the fact that China currently controls 97% of worlds REE market and have
announced possible restrictions on exports to protect supply for their
industrial needs. Molycorp's Mountain Pass project in hyper environmentally
sensitive and problematic California was the last large scale REE producing mine
in North America.
Quantum also has two other REE projects of significance; the highly prospective
100% owned Archie Lake REE Project in Saskatchewan Canada and the Jungle Well &
Laverton REE Project in Australia.
The Archie Lake REE Project in Saskatchewan Canada is a paleo-placer
deposit-type where REE are hosted within monzaite crystals which can constitute
as much as 50% of the rock, the main outcrop is traced for 600m at surface with
assays up to 29.9% REE+Y -- the project is highly prospective for major REE
discovery. Known REE on Archie Lake include La, Ce, Nd, Gd, Lu, Tb, Yb with
trace amounts of Sc & Y. Monazite, the host rock found at Archie Lake, is the
easiest type of host rock from which to process rare earths. The foremost expert
on rare earths, Tony Mariano, has conducted due diligence on Quantum's Archie
Lake Rare Earth Project and is of the opinion that if Archie Lake is anything of
size it is of worldwide significance.
The Jungle Well and Laverton REE Project in Australia are two REE carbonatite
projects believed to be nearly identical in make-up to nearby Mt. Weld high
grade REE deposit that is being developed.
This release may contain forward-looking statements regarding future events that
involve risk and uncertainties. Readers are cautioned that these forward-looking
statements are only predictions and may differ materially from actual events or
results. The term special situation advisory and/or investment advisory refers
to the fact the reader is being advised there is a publication on an item that
is also an investment, and not advice to buy or sell. Articles, excerpts,
commentary and reviews herein are for information purposes and are not
solicitations to buy or sell any of the securities mentioned. Readers are
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