HREEs in America: Crystal Balls and Brass Balls
Source: Resource Investor, Jack Lifton (8/8/11)
"Now there are two potential domestic American HREE producers, which I think are viable and have high probabilities of commercial success."
Rare Element Resources Ltd. (TSX:RES; NYSE.A:REE) issued a press release that makes very good reading for the American civilian and military industrial manufacturing sector. The company now joins Ucore Rare Metals Inc. (TSX.V:UCU; OTCQX:UURAF) as having a high potential for producing the critical rare earths, dysprosium (Dy), terbium (Tb), europium (Eu), and neodymium (Nd) in commercial quantities. Additionally, Rare Element Resources could produce samarium (Sm), gadolinium (Gd), and yttrium (Y) in notable and certainly commercial quantities, thus joining Ucore in that capacity too.
So now there are two potential domestic American heavy rare-earth element (HREE) producers, which I think are viable and have high probabilities of commercial success. . .View full article