Click here to close now.


News Feed Item

Rare Earth Metals Outlines New Strategy for Vertically Integrated Rare Earth Company, Including Future Heavy Rare Earth Refinery Capacity

THUNDER BAY, ONTARIO -- (Marketwire) -- 12/06/12 -- Rare Earth Metals Inc. ("Rare Earth Metals", "REM" or the "Company") (TSX VENTURE:RA)(PINKSHEETS:RAREF)(OTCQX:RAREF) is pleased to provide an update regarding progress on finalizing REM's global rare earth vertical integration strategy and management's action plans.

REM's management team, board of directors and advisory board, along with its strategic alliance partner, CEC Rare Earth Corporation ("REC"), have the background, knowledge and experience to complete all aspects of the production and marketing of rare earth metals. This strategy takes full advantage of the REM/REC alliance and includes all aspects of the rare earth industry from exploration and mining to constructing and managing large scale rare earth separation plants. The group will also take advantage of its international business development expertise and its excellent international government relations.

Tracy A. Moore, President and CEO of REM stated: "We are very pleased to outline REM's proposed action plans to generate future revenues and to commission the design and construction of a heavy rare earth refinery in 2013 for completion in 2014. As a result of our strategic alliance, REC is prepared to begin planning and engineering work on future refining capacity for REM. Furthermore, the action plan anticipates the generation of "revenue and sales" relationships in 2013 by leveraging REC's connections to secure supply allocations in China and outside China. These are the initial key building blocks for REM to realize its vision of a vertically integrated rare earth business. Over the past three months REC has been collaborating with REM in finalizing the details of a four year action plan designed to achieve our goals. REM has been negotiating with REC to access REC's expertise in refinery design, construction and operations as well as securing access to its partners."

REM's vision is to establish a minimum of 10,000 metric tonnes ("MT") of full spectrum refining capability over the next four years. We expect the refineries will be built in modules of 1,000 to 5,000 MT (annual output capacity) in multiple locations, with the ability to separate both light and more importantly, heavy rare earths. The capability to refine heavy rare earths differentiates us from other projects and is, again, based on the expertise and ability of REC and its affiliates.

The strategy entails three key aspects or platforms which are outlined below. The benefits of successful implementation are obvious and include an early stream of revenue and an increased profit margin as each milestone is realized. Additionally, early entry in the rare earth market will help raise REM's profile and strengthen its business ability, reputation and credibility. The three key platforms are:

1. REM becoming a strategic rare earth supplier in 2013

--  REM's financial resources will be focused on near-term business
    development with the goal of generating sales revenue by establishing
    REM as a supplier of rare earth oxides ("REOs") to leading international
    manufacturers of hi-tech and green-tech products through REC's
    connections in China and outside China. 
--  Secure access to 500 MT of REOs, increasing to 3,000 MT annually by 2015
    for sale to customers. Increase REM's focus on the rare earth industry
    by divesting of its coal and graphite properties. These are non-
    strategic assets. 
--  Seek partners to fund the continuing exploration of REM's Canadian rare
    earth properties, while maintaining the rights to separate rare earths
    from the properties. REC has access to Asian exploration companies
    interested in Canadian properties. 

2. REM establishing itself as one of the earliest non-Chinese HREE Refineries: 2013 - 2014

Establish REM refining capacity / capability sufficient to produce 500 to 1,500 MT annually of REOs by mid-2014 (overweighted to heavy rare earths). Negotiate with one of REC's affiliates outside of China to acquire REM proprietary refining capacity.

--  Leverage REC's skills of designing, constructing and operating full
    spectrum (light and heavy) rare earth refineries to build a dedicated
    REM production capacity on an existing rare earth refinery site 
--  Secure near term HREE concentrate streams to feed into REM's refinery 
--  Become the rare earth separation partner for recycling operators to
    augment REM's supply of rare earths 
--  Secure relationships with major international manufacturer users of rare
    earths as their strategic rare earth partner/supplier 

3. REM developing into a leading Full Spectrum, Vertically Integrated Rare Earth Business outside of China: 2013 - 2016

Expand REM's annual production capacity to more than 10,000 MT of full spectrum (heavy and light) separated rare earths through:

--  Acquisition of existing refineries through REC's relationships 
--  Expansion on existing sites 
--  Specifically design and construct purpose built refineries 
--  Secure rare earth concentrate off-takes for future production and
--  Extend downstream capabilities to separated rare earth products such as
    alloys, specialty and co-precipitate products, and powders 

Stated Michael Stares, board member and former President and CEO of REM, "We are very pleased with the progress made over the past two months by REC and the new direction the Company has taken. The association with rare earth producers and refineries has added a new dimension by providing a team focused on supplying product and services to the rare earth market. We look forward to the coming months and the new opportunities that lie ahead for REM."


Rare Earth Metals Inc. has recently entered into a strategic advisory agreement with CEC Rare Earth Corp. ("REC") to assist the Company in developing a vertically integrated business within the global rare earth industry. The relationship with REC provides the Company with access to REC's experienced personnel as well as its business model which includes the full spectrum of the rare earth industry including the designing, building and establishment of operations for rare earth refineries outside of China as well as the ongoing sales and marketing of refined rare earths. In addition to its relationship with REC the Company presently has several rare earth properties exhibiting multi-element potential (REEs, niobium, beryllium, zirconium and iron ore). Additional information concerning the Company is contained in documents filed by the Company with securities regulators, available under the Company's profile at For more information, please visit the Rare Earth Metals web site at


Tracy A. Moore, CEO & President

For more information on the Company, investors should review the Company's filings that are available at

Company information distributed through the Market Access Program is based upon information that Standard & Poor's considers to be reliable, but neither Standard & Poor's nor its affiliates warrant its completeness or accuracy, and it should not be relied upon as such. This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument.

Certain information set out in this News Release constitutes forward-looking information. Forward-looking statements (often, but not always, identified by the use of words such as "expect", "may", "could", "anticipate" or "will" and similar expressions) may describe expectations, opinions or guidance that are not statements of fact and which may be based upon information provided by third parties. Forward-looking statements are based upon the opinions, expectations and estimates of management of Rare Earth Metals Inc. ("REM") as at the date the statements are made and are subject to a variety of known and unknown risks and uncertainties and other factors that could cause actual events or outcomes to differ materially from those anticipated or implied by such forward-looking statements.

Those factors include, but are not limited to, the successful and timely completion of its vertical integration strategy including identifying and negotiating with viable, long term sources of rare earths, transitioning rare earth exploration properties into mines, fund raising to support mining operations, identifying and negotiating with rare earth refineries situated outside of China either to acquire partly or entirely, or commissioning the design, build and operation of one or more rare earth separation refineries to be situated outside of China, raising sufficient funds to support the construction and operation of each refinery, reliance on third parties to meet projected timelines, entering into long term contracts with international manufacturers on terms acceptable to REM, risks related to the receipt of all required approvals including those relating to the commencement of production at selected mines and for each refinery yet to be identified, delays for each in obtaining permits, licenses and operating authorities, environmental matters, water and land use risks, risks associated with the industry in general, commodity prices and exchange rate changes, operational risks associated with exploration, development and production operations, delays or changes in plans, risks associated with the uncertainty of reserve or resource estimates, health and safety risks, uncertainty of estimates and projections of production, costs and expenses, the adequacy of the Company's financial resources and the availability of additional cash from operations or from financing on reasonable terms or at all, political risks wherever REM may conduct business, risks associated with the relationship between REM and/or its business partners and local governments wherever REM conducts business, radioactivity and related issues, dependence on one or a few mineral projects, loss of key personnel, factors discussed in the Company's public disclosure record, and other factors that could cause actions, events or results not to be as anticipated. In light of the risks and uncertainties associated with forward-looking statements, readers are cautioned not to place undue reliance upon forward-looking information. Although REM believes that the expectations reflected in the forward-looking statements set out in this press release or incorporated herein by reference are reasonable, it can give no assurance that such expectations will prove to have been correct. Except as required by law, REM does not assume any obligation to update forward-looking statements as set out in this news release. The forward-looking statements of REM contained in this News Release, or incorporated herein by reference, are expressly qualified, in their entirety, by this cautionary statement and the risk factors contained in REM's regulatory filings available at

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Rare Earth Metals Inc.
Tracy A. Moore
CEO & President
(604) 685-5535
[email protected]

Rare Earth Metals Inc.
Michael Stares
Corporate Communications
(807) 623-6840
(807) 623-9526 (FAX)
[email protected]

Standard and Poor's Customer Contact:
Richard Albanese
(212) 438-3647
[email protected]

Standard and Poor's Media Relations Contact:
Michael Privitera
(212) 438-6679
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Su...
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
Most of the IoT Gateway scenarios involve collecting data from machines/processing and pushing data upstream to cloud for further analytics. The gateway hardware varies from Raspberry Pi to Industrial PCs. The document states the process of allowing deploying polyglot data pipelining software with the clear notion of supporting immutability. In his session at @ThingsExpo, Shashank Jain, a development architect for SAP Labs, discussed the objective, which is to automate the IoT deployment proces...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Countless business models have spawned from the IaaS industry – resell Web hosting, blogs, public cloud, and on and on. With the overwhelming amount of tools available to us, it's sometimes easy to overlook that many of them are just new skins of resources we've had for a long time. In his general session at 17th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, an IBM Company, broke down what we have to work with, discussed the benefits and pitfalls and how we can best use them ...
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, exploreed the current state of IoT connectivity and review key trends and t...
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessi...
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Y...
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem"...