Great Western Minerals Group Provides Corporate Update

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Thu, Jul 29, 2010
Rare Earth Company News
Post by Anne B, Rare Earth Researcher

Great Western Minerals Group Ltd. (TSX VENTURE:GWG) (OTCQX:GWMGF) (PINK SHEETS:GWMGF) provided an update on recent Rare Earth Elements market developments as well as GWMG corporate strategies and projects.

The press release is quoted as saying:

GWMG President and CEO Jim Engdahl stated, “This export scale-back from China is simply the latest in a continuous reduction in their export quotas. The ‘shrinking supply scenario’ is precisely what we projected when we developed our business model that includes GWMG’s Rare Earths processing capacity, our planned mining inputs from Steenkampskraal and our exploration properties in North America. We foresaw reductions in exports from China and exponentially increasing demand globally. And that is precisely what is happening.” (Source: GWMG media release July 19, 2010, www.gwmg.ca)

Click here to access the entire press release

Click here to access Great Western Minerals Group Corporate Site

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