InvestorIntel: U.S. Rare Earths to Create an Independent US Source of Critical Rare Earths
Toronto, Ontario--(Newsfile Corp. - August 28, 2013) - Tracy Weslosky, Publisher of InvestorIntel interviews Kevin Cassidy, CEO and Director for U.S. Rare Earths Inc. (OTCQB: UREE) for an update on U.S. Rare Earths' announcement on August 20th that U.S. Rare Earths "has the most accessible critical rare earth deposit in North America…"
Cassidy comments: "For the past several years, we went about consolidating what we consider to be the most attractive properties in the continental United States. For U.S. Rare Earths, actions speak louder than words. We're business building here. U.S. Rare Earths is creating a long-term, sustainable, strategic approach to an independent US-source of critical rare earths."
Discussing the latest U.S. Rare Earth's press release, Cassidy said, "We have what we consider to be the premier properties in the continental United States. In our 2013 exploration program in Lemhi Pass, Montana, we remeasured historic data and made said data current. In some cases we found new information. In other cases, we were able to connect previous data with something new that we found. US Rare Earth's Head Geologist, Howard Dunn — a very conservative professional, with a lot of experience in the space — is, in a conservative way, understating something that is very obvious to us… we did, in fact, accomplish our goal. We have the premier (REE) properties in the United States."
Weslosky asks Cassidy to elaborate on a particular statement, in the aforementioned press release, by the Russian Academy of Science's researcher who ranked the UREE's property as holding the richest critical rare earths in the US. "We love their (the Russian Academy of Science) optics. The work that the Academy did, essentially, stacked up the analysis of rare earths, according to what was either most economic or most critical," explains Cassidy. "The Academy then consolidated the data into a single report, overlaying the globe to identify the best REE properties, wherever they were in the world. That report is available on our website. In a very professional way, the Academy remeasures the values of a company, based on the economic drivers. And that prism is the optics we look through, whether we're looking to acquire a property or measure our own resources."
Weslosky then addresses a question on many viewer's minds: US self-sustainability in rare earths, clarifying that U.S. Rare Earths' primary property is a heavy rare-earth play, while noting that most US-based properties focus on light rare-earths. Cassidy remarked: "We have a series of properties that straddle the Lemhi Pass (Editor: The Lemhi Pass is a high-mountain passin the Beaverhead Mountains, part of the Bitterroot Range in the Rocky Mountain, within Salmon-Challis National Forest. The pass lies on the Montana-Idaho border on the continental divide, at an elevation of over 7,300 feet above sea level), the passage that the Lewis and Clark Expedition came through. The geographics are Montana and Idaho and we currently have several properties along the Lemhi Pass. The properties are delightful to own because we believe in the measurement of heavy solites. We also believe in creating jobs in America, self-reliance, independence (specifically, independence from China) and the potential to build a REE refinery on U.S. soil that allows for precise separation. We will build a mill and a separation plant in the United States. We are company building here. We are going to pull this industry out from where it was… we're the real deal."
Other topics include the recent significant UREE Board of Directors appointments (including Chairman John Victor Lattimore, Jr., Governor Bob Kerrey, Mark Crandall), the company's strong positioning in Washington, D.C. and the fact that U.S. Rare Earths has the 10th largest market capitalization in the rare-earth market.
If you cannot view the video above, please visit:
Disclaimer: U.S. Rare Earths is an advertorial member of InvestorIntel.