Quantum Rare Earth Developments Poised To Benefit From Global Demand for Niobium
November 15 2010 - 2:07AM
Marketwired
Quantum Rare Earth Developments Corp. (TSX VENTURE: QRE)(PINK
SHEETS: QREDF)(FRANKFURT: BR3) (www.quantumrareearth.com) announced
today that the company has been profiled by WallStreetCorner
(www.wallstreetcorner.com) in "Larry Oakley's Bold Ventures"
column. Oakley is editor and publisher of the South Carolina-based
international discovery site that has regular serious investors in
96 countries.
"Quantum Rare Earth Developments Corp. could be one of the first
major domestic sources of ownership and production of niobium, a
greatly needed commodity. To have it totally in the U.S. bodes well
politically," stated Oakley in the article. He explained niobium's
uses include the production of high-strength steel/low alloy used
in automotive, construction, and gas pipeline construction, which
are "all segments that will return to long-term growth once the
recession winds-up."
In describing niobium as a REE, he stated: "It's actually a rare
metal - number 41 on the periodic table. Niobium has a huge market
that is expected to continue to grow in size, price and
profits."
"There are essentially only two companies now, in Brazil and
Canada, that provide over 90% of the niobium to the world." About
Quantum's 14-square-mile Elk Creek Carbonatite property in
Nebraska, which was acquired in May, Oakley stated: "I like the
fact that Quantum will lease for an initial five years, and plans
to develop what they believe will become the third largest world
source of niobium."
Oakley stated that Quantum is a "unique situation" for these
reasons:
-- "China doesn't have niobium so it's imported, and it's moving ahead
economically, with a growing need.
-- Quantum and its (Nebraskan) property constitute the beginning of an
important trend - doing more and more here in the U.S. that will bring
cash here instead of the reverse that has been building up for so long.
After that property is operational, it will be able to provide China
with something that China needs more of, and bring a substantial stream
of incoming cash to the U.S. - finally something that will help offset
some of the cash that is moving from us to China.
-- By providing China (and India, for example) with a commodity it really
needs, (the U.S.) will help prove to China that we are taking important
steps to return our economy to one where the world will again consider
us a good investment possibility.
-- The U.S. doesn't have any niobium as yet - we now import it all from
Brazil or Canada."
"In addition to huge profit possibilities, this company's
operations may have some important political advantages that can
help our country," Oakley noted.
Disclaimer: Quantum Rare Earth Development Corp. did not
compensate WallStreetCorner.com for its company profile news
column.
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 (604) 669-9330 (604) 669-9335 (FAX)
www.quantumrareearth.com
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