Quantum Rare Earth’s Elk Creek Project Could Cut Reliance on Imports

Quantum Rare Earth Developments Corp.(TSXV:QRE) announced that in a CEO News interview, Peter Dickie commented that the Company’s Nebraska deposit could cut U.S. reliance on imports. Quantum’s Nebraska deposit is the only primary niobium deposit under development in the U.S. Quantum also announced an updated NI 43-101 compliant resource for the Elk Creek project, Nebraska on April 2, 2012.

As quoted in the press release:

International demand for niobium is approximately 100,000 tonnes per year, produced exclusively from mines in Brazil and one in Canada. The U.S. imports 100% of its annual consumption of approximately 10,000 tonnes, which has led the U.S. government to move toward establishing a strategic materials stockpile to protect against potential supply disruptions.

Click here to read the Quantum Rare Earth Developments Corp. (TSXV:QRE) press release