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17/04/2012
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Company Statement:
Quantum Rare Earth Developments Corp. is developing its premier Niobium and Rare-Earth project in Elk Creek, Nebraska.
Quantum aims to be the solution for America’s strategic and critical Niobium needs for the domestic steel and aviation industry. Niobium is crucial in high strength steel for bridges and buildings, oil and gas pipelines, stainless steel, MRI machines, wind turbines, jet thrusters, automobiles and more.
Elk Creek is an advanced project as Molycorp drilled 110 holes in the geological anomaly during the 1970s and 1980s. Niobium and Rare-Earth prices have increased rapily since then, and in 2010 Quantum took up where Molycorp left off. In addition to the vast Niobium deposit, Quantum has identified a high-grade Rare-Earth complex 2.5 km, or 1.5 miles, away from the Niobium deposit.
Elk Creek, Nebraska Niobium & Rare-Earth Project Key Information:
- 19.3 Mt @ 0.67%Nb2O5 (Indicated) and 83.3 Mt @ 0.63% Nb2O5 (Inferred)
- 129,182,000 kg of contained Nb2O5 (Indicated) and 523,844,000 kg of contained Nb2O5 (Inferred)
- Niobium price: ~$45/kg
- 131 metres of 1.02% Nb2O5 - a highlight from summer 2011 drill campaign
- Deposit is open in 3 directions
- High-grade Rare-Earth complex identified 2.5 km from Niobium deposit
Current Operations:
Elk Creek Niobium & Rare Earth Project, Nebraska, USA
Quantum acquired the Elk Creek project in South East Nebraska on May 4th 2010. The Elk Creek project is a former Molycorp project. Molycorp left in the early 1990's when they left all of their exploration to focus on their Mountain Pass project in California. Quantum has since taken up where Molycorp left off. Niobium demand has increased on average 10% a year for the past decade, with growth forecast to continue in similar fashion in the coming decade. Niobium prices have increased in line with this growth. Rare-Earth prices have also seen dramatic increases.
Based on current forecasts, Niobium production from the three current producers is undergoing expansion. CBMM in Brazil, the world’s leading producer, is expanding capacity to meet this demand. The Niobec mine in Quebec, owned by Iamgold, is also undergoing expansion plans in hopes to triple their production levels in the next few years. Despite this increase in production from the three producers, the possibility of demand outstripping supply by the end of the decade remains, opening the doors for additional production to fulfill market needs.
In addition, the prospect of Niobium becoming a material that nations begin stockpiling for strategic purposes could also add additional demands on production. Currently the U.S. (who import 100% of their Niobium supply), China and several EU countries have all announced their intention to begin stockpiling.
Quantum's Elk Creek Niobium deposit is the only primary Niobium deposit in the US, and is the highest-grade, large-tonnage undeveloped deposit in North America.
Given the rapid demand growth of Niobium, the limited number of current and potential deposits, the company feels it has an excellent opportunity to secure a partner to advance the deposit towards production.

For more information CLICK HERE
Archie Lake
- Archie Lake Rare Earth Element Property located 50 kilometres east of Uranium City, Saskatchewan and 50 km south of Great Western Minerals Hoidas Lake REE Deposit.
- Historic exploration and results on the property returned significant concentrations of Rare Earth Elements (REEs).
- Historic government reports yield assays up to 15.7% RE2O3, 2.31% Thorium
- Chip samples from 2009 exploration program came back with 29.9% TREE+Y
- The property consists of one mineral claim covering an area of 2,108 hectares
- Main tested zone 5m wide traced for 600m on surface
- Paleo-placer type deposit
- 50km south of Hoidas lake deposit (1.3 million tonnes avg more than 2% TREE+Y)
- Never drilled!

For more information CLICK HERE
Jungle Well Project
The Jungle Well Rare Earth Project is located 80km west of Leonora and was recognised for its REE potential however no analysis was carried out during a late 1990’s diamond exploration program. During 2007 a trench sampling programme identified significant RE values from an exposed dyke of 6.9% and 8% REE.

For more information CLICK HERE
Laverton Project
The Laverton Rare Earth Project is located 45km north of Mt Weld and has two untested circular magnetic features.
Its important to note that rare earth mineralization occurs in residual regolith over a carbonatite plug at Mt Weld.
Carbonatite veins occur up to 5km from the main plug at Mt Weld which is surrounded by a 500 metre radius annulus of alkali metasomatism comprising alkali feldspar and biotite.

Management
Peter Dickie – President, CEO and Director
Mr. Dickie brings over 20 years of business experience with both public and private companies holding numerous senior management positions. A graduate of both the University of British Columbia, and the University of Victoria (B.C.), his background includes 4 years in the Securities industry with Jones, Gable & Co. Mr. Dickie has served on the board of a number public companies, including Lateegra Gold Corp. where he was instrumental in acquiring the primary asset for the company which ultimately resulted in a takeover of Lateegra.
David C. Beling, P.E. - Director
Dave Beling has a unique combination of project and corporate expertise, with over 47 years of experience in the global precious metal, base metal and energy mineral sectors. Mr. Beling has significantly reviewed or was directly involved with 84 underground mines, 127 open pit mines and 163 mineral processing plants as a consultant or while employed with Phelps Dodge, Union Oil, Fluor, United Technologies, Westinghouse, and several Canadian and US junior mining companies. Since 1981 he served as a senior executive and member of the Board of Directors of eight public mining companies. In addition to developing and managing operations, he initiated or strongly contributed to the marketing and closing of several debt and equity financings, commodity and asset sales, mergers, acquisitions and joint ventures.
Jody Dahrouge, P.Geo - Director
Mr. Dahrouge is a graduate of the University of Alberta with a Bachelors Degree in Science (Geology). Since 1998, he has been the President of Dahrouge Geological Consulting Ltd. a company he founded. He has worked on a variety of early stage through development projects worldwide including coal, industrial minerals, rare metals, base and precious metals, and uranium projects. His experience, insight and energy will provide tremendous value in the development of the Elk Creek and Archie Lake projects.
Mr. Claude Dufresne - Technical Advisor
Mr. Dufresne, Ing. graduated with a Bachelors degree in Mining Engineering from Laval University in 1991. Following his graduation, Mr. Dufresne started working with Cambior as a metallurgist. In 1996, he was transferred to Cambior's largest operation, OmaiGold Mines Ltd., located in Guyana, S.A before been promoted to Marketing Manager. After Cambior's acquisition by Iamgold Corp, Mr. Dufresne collaborated with Iamgold's Corporate Development group while continuing with its Sales & Marketing activities, which included niobium and bauxite. In January 2008, Mr. Dufresne started Camet Metallurgy Inc, a joint venture company with Iamgold, which is responsible for the worldwide Sales and Marketing of Iamgold's niobium from the Niobec mine. Mr. Dufresne is a member of the Ordredes Ingenieurs du Quebec, and of the Tantalum & Niobium International Study Center (TIC).
Jim Reynolds, Chemical Engineer - Technical Advisory Board
Jim Reynolds has a broad background as a chemical engineer in metallurgical and chemical operations in research, hydrometallurgical process development and chemical plant management covering 50 years. Mr. Reynolds has 30 patents issued during his 28 years of consulting activities on over 80 world-wide projects. His experience includes employment with American Potash, Kerr McGee Corporation and Hazen Research, specializing in light and heavy metals processing, recycle of secondary metals, and industrial electro-chemicals. As a project manager at Hazen Research, Mr. Reynolds managed base metals and uranium laboratory and pilot programs for project pre-feasibility evaluations.
David R. Shoemaker, Mining Engineer - Technical Advisory Board
For over fifty years Dave Shoemaker has worked in the base metals, precious metals, and energy metals sectors. Mr. Shoemaker has extensive experience in large open pit, block caving, and cut and fill operations. Mr. Shoemaker has held the positions of Mining Engineer, Chief Engineer, Operations Superintendent at caving and open pit mines, and Manager and Vice President of Molycorp Inc. Molybdenum Group. While working for Molycorp Inc., Hecla Mining Company, Phelps Dodge Corporation, Inspiration Consolidated Copper Co., Utica Mines Ltd., Homestake Mining Company, and as a Mining Consultant, Mr. Shoemaker has been involved in the evaluation, of over 100 mineral properties. In summary, Mr. Shoemaker has extensive experience in mine operations, mine planning, and mine evaluation.
Mr. James Allan M.Sc. P.Eng - Director
Mr. Allan holds a BA Sc (Geological Engineering), from the University of British Columbia and a MSc (Geology, Engineering) from Queen’s University. He is a Registered Professional Engineer, belonging to the Association of Professional Engineers, Geologists and Geophysicists of Alberta (APEGGA).
As a geological engineer, Mr. Allan has over 45 years of experience with several major mining and petroleum companies and as an independent consultant in mining exploration and exploration management, mineral property evaluation and mining geology. He has conducted and managed exploration and evaluation programs for a wide variety of mineral commodities in Canada, the United States, Latin America, the Philippines, Malaysia, Australia and the former Soviet Union including Russia.Mr. Allan also has extensive experience in the exploration for, and evaluation of rare earth deposits both as manager of exploration in Canada for a large rare earth company (Molycorp Canada) from 1982 to 1990 and as an independent consultant.
Casey Forward - CFO
Mr. Forward is an independent CGA with over 20 years of experience in both private and public companies involved in mining and business development. Mr. Forward currently serves as a director or officer of several public companies involved in the mineral resource sector.
Erin Chutter - Director
Mrs. Chutter is the President and Founder of Puget Ventures Inc., a TSXV listed mineral exploration company advancing the Werner Lake Cobalt Mine in Ontario, Canada. She is also a founder and director of two private companies. Active in politics since the late 1980s, Erin has managed and advised campaigns at three levels of government, as well as party leadership races.
Major Shareholders
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Contact Information
Address: Suite 1510 - 1050 West Pender St.
Vancouver, British Columbia, Canada V6E 3S7
Telephone: (604) 568-7365
Fax: (604) 688-4215
US and Canada toll free: 1-877-385-0345
Email: info@quantumrareearth.com
Quantum Rare Earth Developments Corp.
Wholly owned (operating) subsidiary
Elk Creek Resources Corp.
386 Broadway
PO Box 506
Tecumseh, NE 68450
Corporate Information
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