Rare Earth Metals Inc.: Appointment of Mr. Rojer (Qiufeng) Li as Chairman
November 08 2012 - 12:22PM
Marketwired Canada
Rare Earth Metals Inc. ("Rare Earth Metals", "REM" or the "Company") (TSX
VENTURE:RA)(OTCQX:RAREF) is pleased to announce the appointment of Mr. Rojer
(Qiufeng) Li as Chairman and Director.
Mr. Li has unique and extensive experience in the rare earth industry having
worked closely in the complete design and build of rare earth separation
facilities, assisting with many others and operating one full spectrum (light
and heavy) refinery for over five years. He has personal connections with owners
and general managers of more than 20 of China's major rare earth separation
refineries.
While maintaining his business connections in China, Mr. Li co-founded CEC Rare
Earth Corporation in February, 2011 with the purpose of internationalizing his
Chinese rare earth industry experience and connections.
CEC Rare Earth Corporation is working closely with the Company to develop and
execute a vertical integration strategy within the rare earth industry. A
cornerstone of the strategy is the design, build and operation of multiple full
spectrum (light and heavy) separation facilities to be built outside of China.
The Company expects to source concentrate for its refineries from multiple mines
as they come on stream and to sell separated, individual rare earth oxides to
many of the 200 largest international manufacturing companies which critically
incorporate rare earths into their manufacturing processes.
The Company wishes to thank Mr. Steve Stares and Mr. Clint Barr for their many
years of service in developing the Company's business to date. They have
resigned as directors and will continue as advisors as the Company becomes a
vertically integrated business within the global rare earth industry.
ABOUT RARE EARTH METALS
Rare Earth Metals has recently entered into a strategic advisory agreement with
CEC Rare Earth Corp. ("REC") to assist the Company in developing a vertically
integrated business within the global rare earth industry. The relationship with
REC provides the Company with access to REC's experienced personnel as well as
its business model which includes the full spectrum of the rare earth industry
including the designing, building and establishment of operations for rare earth
refineries outside of China as well as the ongoing sales and marketing of
refined rare earths. In addition to its relationship to REC the Company
presently has several rare earth properties exhibiting multi element potential
(REEs, Niobium, Beryllium, Zirconium and Iron Ore). Additional information
concerning the Company is contained in documents filed by the Company with
securities regulators, available under the Company's profile at www.sedar.com.
For more information, please visit the Rare Earth Metals web site at
www.rareearthmetals.ca.
ON BEHALF OF THE BOARD OF DIRECTORS OF RARE EARTH METALS INC.:
Tracy A. Moore, CEO & President
For more information on the Company, Investors should review the Company's
filings that are available at www.sedar.com.
Company information distributed through the Market Access Program is based upon
information that Standard & Poor's considers to be reliable, but neither
Standard & Poor's nor its affiliates warrant its completeness or accuracy, and
it should not be relied upon as such. This material is not intended as an offer
or solicitation for the purchase or sale of any security or other financial
instrument.
Certain information set out in this News Release constitutes forward-looking
information. Forward-looking statements (often, but not always, identified by
the use of words such as "expect", "may", "could", "anticipate" or "will" and
similar expressions) may describe expectations, opinions or guidance that are
not statements of fact and which may be based upon information provided by third
parties. Forward-looking statements are based upon the opinions, expectations
and estimates of management of Rare Earth Metals Inc. ("REM") as at the date the
statements are made and are subject to a variety of known and unknown risks and
uncertainties and other factors that could cause actual events or outcomes to
differ materially from those anticipated or implied by such forward-looking
statements.
Those factors include, but are not limited to, the successful and timely
completion of its vertical integration strategy including identifying and
negotiating with viable, long term sources of rare earths, transitioning rare
earth exploration properties into mines, assisting with fund raising to support
mining operations, identifying and negotiating with rare earth refineries
situated outside of China either to acquire partly or entirely, or commissioning
the design, build and operation of a rare earth separation refinery to be
situated outside of China, raising sufficient funds to support the construction
and operation of the refinery, reliance on third parties to meet projected
timelines, entering into long term contracts with international manufacturers on
terms acceptable to REM, risks related to the receipt of all required approvals
including those relating to the commencement of production at selected mines and
a refinery yet to be identified, delays in obtaining permits, licenses and
operating authorities, environmental matters, water and land use risks, risks
associated with the industry in general, commodity prices and exchange rate
changes, operational risks associated with exploration, development and
production operations, delays or changes in plans, risks associated with the
uncertainty of reserve or resource estimates, health and safety risks,
uncertainty of estimates and projections of production, costs and expenses, the
adequacy of the Company's financial resources and the availability of additional
cash from operations or from financing on reasonable terms or at all, political
risks wherever REM may conduct business, risks associated with the relationship
between REM and/or its business partners and local governments wherever REM
conducts business, radioactivity and related issues, dependence on one or a few
mineral projects, loss of key personnel, factors discussed in the Company's
public disclosure record, and other factors that could cause actions, events or
results not to be as anticipated. In light of the risks and uncertainties
associated with forward-looking statements, readers are cautioned not to place
undue reliance upon forward-looking information. Although REM believes that the
expectations reflected in the forward-looking statements set out in this press
release or incorporated herein by reference are reasonable, it can give no
assurance that such expectations will prove to have been correct. Except as
required by law, REM does not assume any obligation to update forward looking
statements as set out in this news release. The forward-looking statements of
REM contained in this News Release, or incorporated herein by reference, are
expressly qualified, in their entirety, by this cautionary statement and the
risk factors contained in REM's regulatory filings available at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Rare Earth Metals Inc.
Tracy A. Moore
CEO & President
(604) 685-5535
moore@rareearthmetals.ca
Rare Earth Metals Inc.
Michael Stares
Director
(807) 623-6840
Rare Earth Metals Inc.
Matt Witiluk, C.A.
Corporate Communications
(807) 623-6840
(807) 623-9526 (FAX)
matt@rareearthmetals.ca
www.RareEarthMetals.ca
Standard and Poor's Customer Contact:
Richard Albanese
(212) 438-3647
richard_albanese@standardandpoors.com
Standard and Poor's Media Relations Contact:
Michael Privitera
(212) 438-6679
michael_privitera@standardandpoors.com
Avarone Metals, Inc. (TSXV:REM)
Historical Stock Chart
From Jul 2024 to Aug 2024
Avarone Metals, Inc. (TSXV:REM)
Historical Stock Chart
From Aug 2023 to Aug 2024