Commerce Resources reports that its JV partner Canadian International Minerals (CNSX: CIN) has reported on an update on exploration activities at the Carbo project, northeastern British Columbia.
Carbo Project is located in the emerging Wicheeda rare earth carbonatite camp approximately 80 km northeast of Prince George and consists of seven claims totalling an area of 2,778.63 hectares. The Wicheeda camp [...]
It is important to note the distinction between rare earth elements and similar terms used in the resource sector. Two classifications that are often confused with rare earth elements are Rare Earth and Rare Metals.
Quantum Rare Earth Developments Corp. [TSX VENTURE: QRE][PINK SHEETS: QREDF][FRANKFURT: BR3] announces it has acquired the Elk Creek Carbonatite, one of the largest known carbonatites in North America, through the acquisition of Elk Creek Resources Corp., a private Nebraskan corporation which, through a series of agreements, owns an option to acquire the mineral rights to the project.
The drilling results Spectrum Mining Corporation released in October 2009 from their Wicheeda rare earth property north of Prince George, British Columbia, have triggered a flourish of activity in the region with other companies trying to cash in on Spectrum’s find. Several companies have bought-up claims neighboring Spectrum’s property while others are setting up shop around northern BC.
Quantum Rare Earth Developments seeking out potentially economic deposits of rare earth elements in North America and elsewhere in the world.
Over the past two weeks, lawmakers in Washington have debated resurrecting a domestic supply-chain for rare earths and creating a national stockpile for the family of elements in response to China’s monopoly over the minerals.
The setting up of Exchange Traded Funds (ETFs) in the rare earths metals sector will ensure transparency and will go a long way in bringing in more investors, including institutional buyers.
The time has come for other participants, besides China, to re-enter the REE sector. Several European and US producers need to get back into REE production.
Rare Earth is likely to spark off a new global policy issue, especially those from China. But Canadian miners such as Great Western Minerals and Avalon Rare Metals, with high concentrations of the heavy rare earth, stand to benefit in the geo-political tangle.
Thursday, July 8, 2010