Seymour Ventures Corp.

June 20, 2011 08:15 ET

Seymour Ventures to Review Organic Rare Earths Processing Technology; Adds Solvent Extraction Expert Dr. Sinha to Advisory Board

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 20, 2011) - Seymour Ventures Corp.'s (the "Company" or "Seymour Ventures") (TSX VENTURE:SEY)(FRANKFURT:3CK1)(WKN:A1C08G) wholly owned subsidiary, Rare Earth Industries Ltd (REI), announced today that it has entered into an agreement to perform an exclusive due diligence review for the potential acquisition of environmentally-sensitive methods of solvent extraction for processing of rare earths.

Dr. Sinha's research uses environmentally-friendly methods to process and separate rare earth elements from one another. This approach is different from the global industry standard use of hydrochloric acid or nitric acid. Dr. Sinha's formula is expected to be substantially more biodegradable than the industry standard rare earth reagents, as well as more efficient than the industry standard process. Former US rare earth commodity specialist for the U.S. Geological Survey and REI Advisory Board member, James Hedrick, noted, "Dr. Sinha is probably one of the most important solvent extraction experts today." Dr. Sinha's research and technology breakthroughs in the use of organic solvents could have a major impact on rare earths processing, in terms of efficiency, costs and sustainability.

REI president Alastair Neill, who has more than 15 years of rare earth industry experience both inside and outside of China suggests, "As a company, we remain committed to more cost-effective means to process materials. Based on our understanding of Dr. Sinha's process, the number of steps necessary for separation should be reduced." The Company's goal is to simplify, and reduce environmental impact of, processing and separations of rare earths by using the technology.

Pursuant to the agreement, REI has entered into an exclusive due diligence period, during which time the Company will investigate the potential of applying Dr. Sinha's patentable technology in a commercial setting. Upon successful due diligence, REI will have an option to propose mutually agreeable terms to purchase Dr. Sinha's technology, with an objective of commercializing a unique process for the environmentally-friendly separations of rare earths on an industrial scale. There are, however, no assurances that the Company's due diligence review will be satisfactory or that the Company will be able to successfully negotiate an agreement to acquire the technology.

In connection with the agreement, the Company has added Dr. Shyama (Sam) P. Sinha, PhD to REI's Advisory Board to further its goal of becoming a low-cost processor of rare earths and rare metals.

Dr. Sam Sinha has a Masters in Chemistry from Bucknell University, Pa, and a PhD in Chemistry from the University of Leeds, England. His PhD thesis is a study of the solvent extraction of rare earths. He has written two books on the rare earths and some 90 original research papers. Dr. Sinha directed a NATO Advanced Studies Institute on the "Systematics and the Properties of the Lanthanides". Dr. Sinha has been an invited lecturer in many national and international symposia.


Seymour Ventures through its wholly-owned subsidiary, Rare Earth Industries Ltd. (REI), is a mineral exploration company that is focused on building an industrial enterprise focused on the high-value processing and separations of rare earth elements and rare metals. The Company was formed by executives from the fields of specialized rare earths geology, mine development, chemical processing, and marketing and distribution of finished rare earths products. REI is focused on developing an environmentally sustainable supply chain for rare earths and rare metals sourced entirely outside of China. Rare earth elements are used in magnets for electric vehicles, display screens for electronics, rechargeable batteries and other high-demand products. REI's parent company, Seymour Ventures, is publicly traded on the TSX Venture Exchange under the symbol SEY.

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