Quantum Acquires Large Niobium-Rare Earth Carbonatite Complex in Nebraska

- May 4th, 2010

Quantum Rare Earth Developments Corp. [TSX VENTURE: QRE][PINK SHEETS: QREDF][FRANKFURT: BR3] announces it has acquired the Elk Creek Carbonatite, one of the largest known carbonatites in North America, through the acquisition of Elk Creek Resources Corp., a private Nebraskan corporation which, through a series of agreements, owns an option to acquire the mineral rights to the project.

Quantum-Logo-v1-SML--320x85Quantum Rare Earth Developments Corp. [TSX VENTURE: QRE][PINK SHEETS: QREDF][FRANKFURT: BR3] announces it has acquired the Elk Creek Carbonatite, one of the largest known carbonatites in North America, through the acquisition of Elk Creek Resources Corp., a private Nebraskan corporation which, through a series of agreements, owns an option to acquire the mineral rights to the project.

The Press Release is quoted as saying:

“The Elk Creek Carbonatite is a highly sought after project which we strongly believe carries the potential to host substantial deposits of both niobium and rare earth elements. Once we have completed the compilation of the historic data, we plan on aggressively pursuing exploration and development of this project through our new subsidiary, Elk Creek Resources, following the recommendations that will be forthcoming in the NI43-101 report,” commented Quantum President and CEO, Peter Dickie.

Click here for the full press release.

Click here for the Company’s Profile.

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