Potentially the Largest Global Resources of Niobium and Rare-Earth Elements - Quantum Featured in Mining Journal

Mining MarketWatch Journal has published a Special Situation Advisory and review on Quantum Rare Earth Developments Corp. (TSX VENTURE: QRE) (Frankfurt: BR3) (Pink Sheets: QREDF) offering insight and opportunity afforded investors as Quantum's acquiring of the Elk Creek carbonatite is considered an industry coup and propels QRE.V to the fore of the mining sector for both REE and niobium exploration and development.
 
The full Special Situation Advisory and Review may be found at http://miningmarketwatch.net/QRE.htm online.

News today of Quantum Rare Earth Developments Corp. acquiring the Elk Creek carbonatite is considered an industry coup and propels QRE.V to the fore of the mining sector for both REE and niobium exploration and development. The Elk Creek carbonatite, measuring ~7 square kilometers in southeastern Nebraska, is acknowledged by the USGS as 'potentially the largest global resources of niobium and rare-earth elements' and was successfully targeted in the past by Molycorp in the 70s and 80s (before its parent entity Unocal ran into financial trouble and China forced the closure of REE development in North America). QRE.V will own 100% of the project via acquisition of Nebraska registered Elk Creek Resources (as a wholly owned subsidiary) which has essentially purchased 99% of the core area plus additional fringe portions employing the same land assembly process that Molycorp had used; via options on both surface and mineral rights. Molycorp had put in a total of 105 drill holes and outlined several different deposits at Elk Creek some of which are rare earth and some of which are niobium (a steel hardener with superior qualities than molybdenum).
 
Targeting Largest Global Resource of Niobium: Historic (non NI 43-101 compliant) results on the Elk Creek Carbonatite from 105 drill holes performed by Molycorp revealed 39.4M tonnes of 0.82% niobium with the deposit open to the North, West and at depth. To put this in perspective, currently the Niobec mine of IAMGOLD is the only mine in North America that produces niobium; Mining MarketWatch Journal research indicates IAMGOLD generates net income of ~$100M+ per annum from Niobec which currently has a reserve figure of ~32M tonnes of 0.56% niobium -- comparatively QRE.V now appears to have a company-maker in niobium alone.
 
Targeting Largest Global Resource of Rare-Earth Elements: Within the massive carbonatite there are several recorded occurrences of rare earth elements. Molycorp did not put in enough drill holes to calculate a resource for REEs however their geologists used terms to describe the situation unfolding in terms of 'tens of millions and megatonnes'. Drill hole intercepts (non NI 43-101) included 608ft of 1.18% lanthanides, 630 ft of 1.3%, 110ft of 2.09%, 460ft of 2.19%, 60ft of 3.89% -- Mining MarketWatch Journal notes these figures are massive and very good grades.
 
Quantum also has two other REE projects of significance; the highly prospective 100% owned Archie Lake REE Project in Saskatchewan Canada and the Jungle Well & Laverton REE Project in Australia.

The Archie Lake REE Project in Saskatchewan Canada is a paleo-placer deposit-type where REE are hosted within monzaite crystals which can constitute as much as 50% of the rock, the main outcrop is traced for 600m at surface with assays up to 29.9% REE+Y -- the project is highly prospective for major REE discovery. Known REE on Archie Lake include La, Ce, Nd, Gd, Lu, Tb, Yb with trace amounts of Sc & Y. Monazite, the host rock found at Archie Lake, is the easiest type of host rock from which to process rare earths. The foremost expert on rare earths, Tony Mariano, has conducted due diligence on Quantum’s Archie Lake Rare Earth Project and is of the opinion that if Archie Lake is anything of size it is of worldwide significance.
 
The Jungle Well and Laverton REE Project in Australia are two REE carbonatite projects believed to be nearly identical in make-up to nearby Mt. Weld high grade REE deposit that is being developed.
 
As of May 4, 2010 QRE.V has ~$1.5M in the bank and ~26M shares outstanding, after acquiring Elk Creek and the Australian project QRE.V is expected to have ~55M shares outstanding fully diluted. Considering the inherent value of Quantum's projects QRE.V is poised for significant upside share price revaluation as the magnitude of its niobium and REE holdings are fully digested by the market.
 
This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. The term special situation advisory and/or investment advisory refers to the fact the reader is being advised there is a publication on an item that is also an investment, and not advice to buy or sell. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URL.
 
Contact Information:
James O'Rourke, Editor
Mining MarketWatch Journal
[email protected]