Quest Rare Minerals Joins the Rare Earth Industry and Technology Association (REITA)
13 Marzo 2012 - 10:53AM
Marketwired
Quest Rare Minerals Ltd. (TSX:QRM)(NYSE Amex:QRM) is pleased to
announce that it recently became a new corporate member of the Rare
Earth Industry and Technology Association (REITA), effective
January 31, 2012.
"Quest is looking forward to working with REITA and its members
to increase global awareness of the critical nature and uses of
rare earth elements," said Peter J. Cashin, Quest President &
CEO. "Together with the association, we will endeavor to achieve
the goals set forth by REITA to facilitate the development of new
applications for REE, assist in the creation of new high quality
jobs and to establish a network of global rare earth industry
associations."
Rare earth elements are 17 elements critical in the development
of clean energy technologies including electronics, hybrid
vehicles, permanent magnets, green energy platforms and advanced
technologies for national defense.
Quest Rare Minerals Strange Lake, B Zone deposit is located in
Quebec and is one of the largest heavy rare earth resources in the
world. The mineral deposit is exposed at surface and amenable to a
low-cost open pit mine with the potential to provide a long-term,
stable supply of separated and refined heavy rare earths. With its
unique resource, the Strange Lake deposit has the potential to
contribute to lessening of the projected supply deficit in critical
rare earths out to 2021.
Quest made the announcement earlier today during the TREM12
Critical Metals Conference in Washington, DC.
About Quest Rare Minerals
Quest Rare Minerals Ltd. is a Canadian-based exploration company
focused on the identification and discovery of new and significant
Rare Earth deposit opportunities. Quest is publicly listed on the
TSX Venture Exchange and NYSE Amex as "QRM" and is led by a
highly-respected management and technical team with a proven mine
finding track record. Quest is currently advancing several
high-potential projects in Canada's premier exploration areas: the
Strange Lake and Misery Lake areas of northeastern Quebec. Quest's
2009 exploration led to the discovery of a significant new Rare
Earth metal deposit, the B-Zone, on its Strange Lake property in
northeastern Quebec. Quest recently filed a 43-101 Indicated and
Inferred Resource Estimate on the B-Zone deposit and has completed
a Preliminary Economic Assessment (PEA) for the deposit. In
addition, Quest announced the discovery of an important new area of
REE mineralization on its Misery Lake project, approximately 120 km
south of the Strange Lake project. Quest continues to pursue
high-value project opportunities throughout North America. As a
result of a marketed equity financing completed in October 2010,
Quest has a strong working capital position of $42.5 million.
About REITA
REITA is a worldwide association of stakeholders dedicated to
the creation of globally competitive and diverse supply chains for
rare earth related technologies. Its membership today spans the
full range of stakeholders from many junior project and rare earth
resource companies, leading research universities and many
downstream members including Quest, Molycorp, Neo Materials,
Solvay/Rhodia, General Electric, General Motors and Ford.
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: Quest Rare Minerals Ltd. Peter J. Cashin President
& CEO (416) 916-0777 or toll-free: 1-877-916-0777 (416)
916-0779 (FAX)info@questrareminerals.com www.questrareminerals.com
Rare Earth Industry and Technology Association (REITA) Keith
Delaney Executive DirectorKeith.Delaney@REITAGLOBAL.org
www.reitaglobal.org
(AMEX:QRM)
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