Quantum Profiled by KonLin Investment LetterApril 13, 2011 – Vancouver, B.C.: Quantum Rare Earth Developments Corp. (OTCQX - QREDF, TSX.V – QRE, FSE – BR3) (“Quantum”, the “Company”) announces that the Company has been profiled in the April issue of the KonLin Letter, an independent New York-based investment newsletter published by KonLin Research & Analysis. The investment letter cited the demand for REEs, a group of 17 elements with properties that make them extremely attractive for use in a vast range of high tech applications and how Quantum is in the process of exploring its mineral properties in mining-friendly locations in the U.S., Canada and Australia. (A copy of the profile can be obtained by emailing: This e-mail address is being protected from spambots. You need JavaScript enabled to view it ; or by calling 631-744-8536.) The KonLin Letter recognized that today China produces over 97% of the world’s REEs needs, consumes about 60%, and increasingly dominates the manufacture of green technology. With Quantum’s acquisition of the Elk Creek Carbonatite in southeastern Nebraska, the Company now owns one of the largest known carbonatites (approximately 7 kilometers in diameter), which “…has the potential to be one of the largest global resources of niobium and REEs mineralization,” according to the U.S. Geological Survey. The profile comments on Quantum’s ability to accelerate its projects both in Saskatchewan and Elk Creek with available funds. Further, the newsletter discusses the extensive work already performed by Quantum on core and data from Molycorp’s historic work at Elk Creek, which has produced a new resource report with an inferred resource in excess of 80 million tonnes at 0.62% Nb205. In addition, the work also produced significant results for REE’s, substantiating the need for follow-up drilling with the intent of defining a resource of REEs. On Behalf of the Board, “Peter Dickie” For further information, contact Peter Dickie, President and CEO of the Company at (604) 568-7365.
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Latest News
- 03 May 2012 Quantum Files updated NI 43-101 Report on Elk Creek Niobium Deposit
- 16 April 2012 Quantum CEO Highlights Significant Update to Niobium Site in Nebraska
- 02 April 2012 Quantum Rare Earth Developments Corp Reports Significant Update to Resource Estimate at the Elk Creek Niobium Deposit, Nebraska
About Niobium
The Niobium market has been red hot with $3.95 Billion in activity in 2011 as steel producers are scrambling to ensure their Niobium supply.
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