Peter Dickie – CEO of Quantum Rare Earth Developments (PINK:QREDF) (CVE:QRE)

Quantum Rare Earth Developments Corp. is developing its premier Niobium and Rare-Earth project in Elk Creek, Nebraska and aims to be the solution for America’s strategic and critical Niobium needs for the domestic steel and aviation industry by developing one of the richest Niobium deposits and the only significant deposit in America.

Quantum expects to have delivery of its metallurgical results, an Updated NI 43-101 Resource Calculation and a Preliminary Economic Assessment (Scoping Study) in the first half of 2012.

Niobium is crucial in high strength steel for bridges and buildings, oil and gas pipelines, stainless steel, MRI machines, wind turbines and jet thrusters…

Elk Creek is an advanced project due to Molycorp having drilled over 100 holes in the 1970’s and 1980’s. In addition to the vast Niobium deposit, Quantum has identified a High-Grade Rare Earth complex 2.5 Km or 1.5 miles away. Quantum recently announced assays from its summer 2011 drill campaign. which will be used to update and increase the NI 43-101 resource estimate below of 80.1 Million Tons of .62% Nb2O5 containing ~500 million Kg or ~1.1 billion pounds of Nb2O5.

Website: http://www.quantumrareearth.com/

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Peter Dickie – CEO of Quantum Rare Earth Developments (PINK:QREDF) (CVE:QRE)

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