Quantum Rare Earth Developments CEO Interviewed by CEOCFO
20 January 2011 - 6:18AM
Marketwired
Quantum Rare Earth Developments (TSX VENTURE: QRE)(PINK SHEETS:
QREDF)(FRANKFURT: BR3), a junior exploration company with a focus
on seeking out potentially economic deposits of niobium and rare
earth elements in North America and elsewhere in the world,
announced that CEO Peter Dickie was interviewed by CEOCFO, a weekly
print and online publication that focuses on publicly traded
companies. The interview is available at
http://www.ceocfointerviews.com/interviews/QREDF-Quantum11.htm.
In the interview, it was noted that Quantum is involved in two
key projects: the Elk Creek Carbonatite in Nebraska and the Archie
Lake Rare Earth project in Saskatchewan, Canada, both of which
Quantum has 100 percent ownership.
Elk Creek was previously explored by Molycorp, who worked on the
site extensively in the 1970's and 1980's. Molycorp concluded after
drilling in excess of 110 drill holes an historic resource of
roughly 39 million tonnes of 0.82 pct niobium, which is considered
high-grade (not an NI43-101 compliant resource). Niobium, which is
used to harden steel, in green technology, and in MRI machines, is
considered a strategic metal in the United States.
Quantum is currently re-analyzing available Elk Creek data and
re-assaying available core, all of which will be incorporated into
a new National Instrument 43-101 report expected before the end of
Q1 of 2011.
Niobium is a strategic metal and is a necessary component in
both the steel and aerospace industries. Niobium is a 100 percent
imported commodity in the U.S.
On Behalf of the Board,
Peter Dickie, President
"Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Contacts: Quantum Rare Earth Developments Corp. Peter Dickie
President and CEO (604) 669-9330 (604) 669-9335 (FAX)
www.QuantumRareEarth.com
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