Quantum Rare Earth Developments Corp. President Peter Dickie is Interviewed by CDTV.net
November 23 2010 - 3:05AM
Marketwired
Quantum Rare Earth Developments Corp. (TSX VENTURE: QRE)(PINK
SHEETS: QREDF)(FRANKFURT: BR3) ("Quantum", the "Company") has
announced that President, CEO and Director Peter Dickie was
interviewed by CDTV.net, a New York-based financial network
(www.cdtv.net). The interview currently is available at
http://www.cdtv.net/users/content/quantum-rare-earth-development-corp-qredfpk-ceo-and-president-peter-dickie.
Quantum announced in May, 2010 that it acquired the Elk Creek
Carbonatite, through the acquisition of Elk Creek Resources Corp.,
a private Nebraska corporation which, through a series of
agreements, owns an option to acquire the mineral rights to the
project. In the interview, Dickie said that niobium is used as a
steel hardener for high strength, low alloy steel, such as that
used in high-pressure gas pipelines. Other uses for niobium are for
creating "super alloys", used extensively in the aerospace and
defense industries, and for other products such as MRI machines.
The U.S. considers niobium to be a strategic metal, Dickie said.
Dickie said out that of US imports, roughly two-thirds of niobium
is used in the steel industry and one-third is used by the
aerospace sector.
The company's Elk Creek project, in southeastern Nebraska, spans
a distance of approximately five miles by five miles and has seen
extensive exploration. Dickie said that there are currently three
primary producing niobium mines in world: two in Brazil, which are
privately owned, and one in Quebec, Canada, which produces at a
grade of 0.6 percent niobium. Quantum has filed a property report
indicating a (non 43-101 compliant) historic resource from the
Nebraska project which indicates 39 million tons grading 0.82
percent niobium.
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."
Contacts: Quantum Rare Earth Development Corp. Peter Dickie
President and CEO (604) 669-9330 (604) 669-9335 (FAX)
www.quantumrareearth.com
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