Articles Tagged "Quantum Rare Earth Developments Corp."

Quantum Rare Earth’s Elk Creek Project Could Cut Reliance on Imports

Quantum Rare Earth Developments Corp.(TSXV:QRE) announced that in a CEO News interview, Peter Dickie commented that the Company's Nebraska deposit could cut U.S. reliance on imports. Quantum's Nebraska deposit is the only primary niobium deposit under development in the U.S. Quantum also announced an updated NI 43-101 compliant resource for the Elk Creek project, Nebraska on April 2, 2012.

Quantum Retains Wardrop for Updated Resource Estimate on Elk Creek Niobium Deposit

Wardrop, A Tetra Tech Company, has been retained by Quantum Rare Earth Developments Corp.(TSXV:QRE,OTCQX:QREDF,FWB:BR3) to undertake an updated independent resource estimate for the Elk Creek Niobium Deposit, located near Elk Creek, Nebraska. The company anticipates that the NI 43-101 compliant resource estimate and Technical Report will be completed during the 1st quarter of 2012.

China Releases Rare Earth Quota & Eliminates New Mining Licenses

China has released the total mining output quota for 2011. The country has increased the level of the total by a modest 5 per cent over 2010. Along with the announcement officials stated that new permits for prospecting and mining will not be granted until June, 2012, which further exacerbates supply issues going forward.