Pele Mountain Resources Inc. (CVE:GEM) reports the completion of a NI 43-101 Resource Estimate for both uranium oxide and rare earth oxides at its Eco Ridge mine uranium and rare earths project, Elliot Lake, Ontario.
Wealth Minerals Ltd. (CVE:WML, OTCQX: WMLLF) is a junior exploration and development company with a focus on rare earth elements in Argentina. Wealth has the opportunity to acquire a 100% interest in the rare earth deposit, Rodeo de los Molles. The Company also owns sole interest in the Bororo Nuevo project, an under-explored, sandstone-hosted uranium basin.
The Critical Metals Investment Symposium in Vancouver, BC featured a wide array of companies and analysts. Two of these speakers, John Kaiser and Jack Lifton, stressed the importance of critical metals in the world economy.
Ucore Rare Metals Inc. (CVE:UCU) updates on ongoing exploration work performed at the Company's Lost Pond property located in western Newfoundland.
Kirrin Resources Inc. (CVE:KYM) reports that it has initiated a 1,500 metre drill program at its Lost Pond uranium project, Western Newfoundland.
The world has woken up to rare earth's inherent potential given its intrinsic usage in several applications. Global consumption was around $1.5 billion to $2 billion in 2008, forecast to grow by 65% by 2012 from 2008 levels.
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