Seymour Ventures: Rare Earth Deal mit TOP Management - 500 Beiträge pro Seite
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Seymour Venture hat vor kurzem Rare Earth Industries übernommen.
Die Liste der Management-Mitglieder ist beeindruckend.
Gute Zusammenfassung kann man auf http://www.lithiumaktien.com/EN/565/1944 finden.
Die Liste der Management-Mitglieder ist beeindruckend.
Gute Zusammenfassung kann man auf http://www.lithiumaktien.com/EN/565/1944 finden.
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VANCOUVER, BC - June 7, 2011 - Seymour Ventures' (the "Company") (SEY.V)
wholly owned subsidiary Rare Earth Industries Ltd, ("REI"), is pleased to
announce that work is beginning on its recently-acquired Phantom Pegmatite
project in Fremont County, Colorado - a former producer of tantalum and
beryllium, as well as on the Henry Pegmatite, also in Fremont County. The
two sites are located approximately 45 miles apart, connected by the CO-50
highway. Please see the Company's announcements on May 5 and May 16, 2011,
for details of these acquisitions. The Company also wishes to announce the
appointment of critical metals specialist, James Hedrick, to the Company's
advisory board. For over 30 years, Mr. Hedrick was the commodity specialist
for the US Geological Survey for a number of critical materials, including
rare earth elements.
The Phantom Pegmatite produced small commercial quantities of tantalite and
beryl during 1962. REI is undertaking to assess and quantify the potential
for tantalum, niobium, beryllium, lithium and other critical materials at
the property. The Henry Pegmatite formerly produced potash feldspar
beginning in 1939. The Henry Pegmatite has been classified as a
euxenite-type pegmatite, which is typically rich in heavy rare earth
elements ("HREE"). A suite of HREE-enriched minerals have also been
discovered throughout the site, as well as minerals rich in zirconium,
hafnium, tantalum and niobium. REI is undertaking to assess and quantify
the rare earths and rare metals potential at these properties.
Though the Company believes that mining only represents a small portion of
the overall value chain in rare earths and rare metals, raw material supply
is still an essential ingredient. The USA in particular does not
participate in many of these value chains, and has not done so for decades.
As a result, the USA is forced to import 100% of its rare earth elements,
100% of its tantalum, 100% of its niobium, and over 50% of its lithium.
These critical materials are essential in a multitude of industries and
consumer products, and in most cases, no suitable replacements exist.
Tantalum is essential for the production of capacitors. Niobium is
essential for superalloys and high-strength steel used in the aerospace and
energy industries. Rare earth elements are essential for the production of
permanent magnets used in motors and industrial turbines. Lithium has
become the de facto material of choice for rechargeable battery technology
globally.
By acquiring and developing mineral properties which meet the Company's
specific criteria for potential raw materials supplies - namely: historical
production, very low cost of entry, certain rare earths and rare metals
mineralogies, or existing resource estimates - REI strives to achieve this
small though essential part of the value chain more quickly and more
efficiently than its peers. Raw material supplies are meant to fit into the
Company's corporate objective of developing complete rare earths and rare
metals supply chains - from discovery of resources, through to OEM product
component manufacture, and everything in between.
James Hedrick, the newest addition to REI's advisory board, will advise the
Company on various aspects of its projects in the USA and elsewhere, helping
to determine economic and technical viability, guiding development, and
advising on downstream appropriateness of raw materials.
Mr. Hedrick recently retired from his position as the rare earth commodity
specialist for the U.S. Geological Survey ("USGS") after 31 years of
service. Mr. Hedrick has studied all aspects of the rare earth elements
sector for the United States government. His responsibilities included the
preparation of the USGS's annual mineral commodity surveys and the minerals
yearbooks for rare earth elements, zirconium, hafnium thorium and mica.
Prior to the USGS, Mr. Hedrick worked with the U.S. Army Corps of Engineers
(civilian) and the U.S. Bureau of Mines. Within those roles he has
researched strategic deposits, prepared cost feasibility studies, and
reviewed environmental impact statements. He has also published over 300
articles and professional papers on mineral commodities. Mr. Hedrick is an
honors graduate of James Madison University with BSc degrees in Geology and
General Science, and did graduate study at North Carolina State University.
Alastair Neill, president of Seymour Ventures, stated, "The appointment of
Jim signifies REI's commitment to working with industry leading personnel.
Jim's vast experience with the geoscience and market dynamics of rare earths
and other critical metals will greatly benefit the advancement of REI's
recently acquired projects in Colorado, as well as all its other downstream
plans for the future."
ABOUT SEYMOUR VENTURES CORP.
Seymour Ventures through its wholly-owned subsidiary, Rare Earth Industries
Ltd ("REI"), is a mineral exploration company with the objective of building
an industrial enterprise focused on the high-value processing and
separations of rare earth elements and rare metals. The Company was formed
by executives from the fields of specialized rare earths geology, mine
development, chemical processing, and marketing and distribution of finished
rare earths products. REI is focused on developing an environmentally
sustainable supply chain for rare earths and rare metals sourced entirely
outside of China. Rare earth elements are used in magnets for electric
vehicles, display screens for electronics, rechargeable batteries and other
high-demand products. REI's parent company, Seymour Ventures, is publicly
traded on the TSX Venture Exchange under the symbol SEY.
Media Contacts:
Chief Executive Officer
Rob Smith
Phone: (604) 558 0022
Fax: (604) 608-3282
E-mail: rsmith@rareearthindustries.com
Investor Relations
Dan Sutton
Phone: (604) 558 0022
Cell : (604) 218 8371
Fax: (604) 608-3282
E-mail: dsutton@rareearthindustries.com
Stock Exchange Information:
TSX Venture Exchange Symbol: SEY
Frankfurt - 3CK1 (WKN: A1C08G)
Safe Harbor Statement
This news release includes forward-looking statements that are subject to
risks and uncertainties. All statements within, other than statements of
historical fact, are to be considered forward looking. Although the Company
believes the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially
from those in forward-looking statements. Factors that could cause actual
results to differ materially from those in forward-looking statements
include market prices, exploitation and exploration successes, continued
availability of capital and financing, and general economic, market or
business conditions. There can be no assurances that such statements will
prove accurate and, therefore, readers are advised to rely on their own
evaluation of such uncertainties. We do not assume any obligation to update
any forward-looking statements.
wholly owned subsidiary Rare Earth Industries Ltd, ("REI"), is pleased to
announce that work is beginning on its recently-acquired Phantom Pegmatite
project in Fremont County, Colorado - a former producer of tantalum and
beryllium, as well as on the Henry Pegmatite, also in Fremont County. The
two sites are located approximately 45 miles apart, connected by the CO-50
highway. Please see the Company's announcements on May 5 and May 16, 2011,
for details of these acquisitions. The Company also wishes to announce the
appointment of critical metals specialist, James Hedrick, to the Company's
advisory board. For over 30 years, Mr. Hedrick was the commodity specialist
for the US Geological Survey for a number of critical materials, including
rare earth elements.
The Phantom Pegmatite produced small commercial quantities of tantalite and
beryl during 1962. REI is undertaking to assess and quantify the potential
for tantalum, niobium, beryllium, lithium and other critical materials at
the property. The Henry Pegmatite formerly produced potash feldspar
beginning in 1939. The Henry Pegmatite has been classified as a
euxenite-type pegmatite, which is typically rich in heavy rare earth
elements ("HREE"). A suite of HREE-enriched minerals have also been
discovered throughout the site, as well as minerals rich in zirconium,
hafnium, tantalum and niobium. REI is undertaking to assess and quantify
the rare earths and rare metals potential at these properties.
Though the Company believes that mining only represents a small portion of
the overall value chain in rare earths and rare metals, raw material supply
is still an essential ingredient. The USA in particular does not
participate in many of these value chains, and has not done so for decades.
As a result, the USA is forced to import 100% of its rare earth elements,
100% of its tantalum, 100% of its niobium, and over 50% of its lithium.
These critical materials are essential in a multitude of industries and
consumer products, and in most cases, no suitable replacements exist.
Tantalum is essential for the production of capacitors. Niobium is
essential for superalloys and high-strength steel used in the aerospace and
energy industries. Rare earth elements are essential for the production of
permanent magnets used in motors and industrial turbines. Lithium has
become the de facto material of choice for rechargeable battery technology
globally.
By acquiring and developing mineral properties which meet the Company's
specific criteria for potential raw materials supplies - namely: historical
production, very low cost of entry, certain rare earths and rare metals
mineralogies, or existing resource estimates - REI strives to achieve this
small though essential part of the value chain more quickly and more
efficiently than its peers. Raw material supplies are meant to fit into the
Company's corporate objective of developing complete rare earths and rare
metals supply chains - from discovery of resources, through to OEM product
component manufacture, and everything in between.
James Hedrick, the newest addition to REI's advisory board, will advise the
Company on various aspects of its projects in the USA and elsewhere, helping
to determine economic and technical viability, guiding development, and
advising on downstream appropriateness of raw materials.
Mr. Hedrick recently retired from his position as the rare earth commodity
specialist for the U.S. Geological Survey ("USGS") after 31 years of
service. Mr. Hedrick has studied all aspects of the rare earth elements
sector for the United States government. His responsibilities included the
preparation of the USGS's annual mineral commodity surveys and the minerals
yearbooks for rare earth elements, zirconium, hafnium thorium and mica.
Prior to the USGS, Mr. Hedrick worked with the U.S. Army Corps of Engineers
(civilian) and the U.S. Bureau of Mines. Within those roles he has
researched strategic deposits, prepared cost feasibility studies, and
reviewed environmental impact statements. He has also published over 300
articles and professional papers on mineral commodities. Mr. Hedrick is an
honors graduate of James Madison University with BSc degrees in Geology and
General Science, and did graduate study at North Carolina State University.
Alastair Neill, president of Seymour Ventures, stated, "The appointment of
Jim signifies REI's commitment to working with industry leading personnel.
Jim's vast experience with the geoscience and market dynamics of rare earths
and other critical metals will greatly benefit the advancement of REI's
recently acquired projects in Colorado, as well as all its other downstream
plans for the future."
ABOUT SEYMOUR VENTURES CORP.
Seymour Ventures through its wholly-owned subsidiary, Rare Earth Industries
Ltd ("REI"), is a mineral exploration company with the objective of building
an industrial enterprise focused on the high-value processing and
separations of rare earth elements and rare metals. The Company was formed
by executives from the fields of specialized rare earths geology, mine
development, chemical processing, and marketing and distribution of finished
rare earths products. REI is focused on developing an environmentally
sustainable supply chain for rare earths and rare metals sourced entirely
outside of China. Rare earth elements are used in magnets for electric
vehicles, display screens for electronics, rechargeable batteries and other
high-demand products. REI's parent company, Seymour Ventures, is publicly
traded on the TSX Venture Exchange under the symbol SEY.
Media Contacts:
Chief Executive Officer
Rob Smith
Phone: (604) 558 0022
Fax: (604) 608-3282
E-mail: rsmith@rareearthindustries.com
Investor Relations
Dan Sutton
Phone: (604) 558 0022
Cell : (604) 218 8371
Fax: (604) 608-3282
E-mail: dsutton@rareearthindustries.com
Stock Exchange Information:
TSX Venture Exchange Symbol: SEY
Frankfurt - 3CK1 (WKN: A1C08G)
Safe Harbor Statement
This news release includes forward-looking statements that are subject to
risks and uncertainties. All statements within, other than statements of
historical fact, are to be considered forward looking. Although the Company
believes the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially
from those in forward-looking statements. Factors that could cause actual
results to differ materially from those in forward-looking statements
include market prices, exploitation and exploration successes, continued
availability of capital and financing, and general economic, market or
business conditions. There can be no assurances that such statements will
prove accurate and, therefore, readers are advised to rely on their own
evaluation of such uncertainties. We do not assume any obligation to update
any forward-looking statements.
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