Rare Earths Perking Up
Source: Seeking Alpha (7/28/11)
"There appears to be a bright spot in the rare earths arena."
Within all of the market turmoil, there appears to be a bright spot in the rare earths arena.
Rare Element Resources Ltd. (TSX:RES; NYSE.A:REE) saw its shares move higher this week, probably due in some part to general industry movements, but some of the gains have to be attributable to short covering. As rare earth prices continue to rise, and the company moves forward with its Bear Lodge project, investors will take notice.
The next HREE play which America still has not caught onto is Quest Rare Minerals Ltd. (TSX.V:QRM; NYSE.A:QRM). QRM has one of the largest HREE deposits in the world which appears to be open-pittable.
Tasman Metals Ltd. (TSX.V:TSM; OTCPK:TASXF; Fkft:T61), a European focused REE play with a very promising project in Norra Karr, recently was declared a strategic project by the national government in Sweden. Tasman should be debuting on the AMEX exchange in the very near future, at which time it will be one of the few REE plays on the major exchanges for Americans to gain exposure to the industry. . .View full article