As the natural and now nuclear disaster unfolds in Japan, the number one importer of Chinese rare earth, rare earth stocks have been taking a hit. However, as an impending nuclear meltdown may increase the willingness of governments to jettison nuclear projects and move toward alternative energy, this may be a time to get into rare earth as they are essential for renewable energy, wind turbines and hybrid/electric vehicles.
Bolero Resources Corp. (CVE:BRU) reports it has acquired a 100% interest in the "Charge" rare earth element prospect located in northern British Columba, Canada.
Bolero Resources Corp. (CVE:BRU) reports that it has received 584 additional assay results from "Carbo" area of northern BC.
Bolero Resources Corp. (CVE: BRU) is a junior natural resource company focused on the acquisition and exploration of gold and rare earth element properties in Canada and United States. Bolero has three main projects: the Red Chris South gold and copper prospect consisting of twelve strategic claims in northwestern British Columbia, 57 mineral claims prospective for rare earth elements in northern B.C., and two separate quartz claim blocks in the “White Gold District” of the Yukon.
China’s pollution problems are well documented, and the government has started to show a desire to act on them. The Chinese control 97 percent of the rare earth supply, which is needed for numerous sustainable energy technologies. China could be in the driver’s seat of a new green economy selling not only rare earths, but finished sustainable energy technology.
Wednesday, March 16, 2011