Quantum Rare Earth Developments Corp.

Quantum Rare Earth Developments Corp.

November 15, 2010 03:08 ET

Quantum Rare Earth Developments Poised To Benefit From Global Demand for Niobium

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2010) - 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.

Contact Information

  • Quantum Rare Earth Developments Corp.
    Peter Dickie
    (604) 669-9330
    (604) 669-9335 (FAX)