|By PR Newswire||
|August 5, 2014 10:12 AM EDT||
PLANO, Texas, Aug. 5, 2014 /PRNewswire/ -- U.S. Rare Earths, Inc. (OTCQB:UREE), a domestic rare earths exploration company with approximately 22,000 acres of mining claims in Idaho, Montana and Colorado, announced that the company has received approval from the U.S. Forest Service to access a stockpile located on USRE-held mining claims, which are part of the company's ongoing exploration efforts at the Last Chance prospect claims in the Lemhi Pass region of Idaho and Montana. The company intends to begin to remove and conduct metallurgical sampling of the material immediately.
The company believes this stockpile contains at least 10 to 12 tons of highly concentrated rare earths enriched material.
The company also said that for purposes of exploration, it plans to reopen existing adits, horizontal tunnels extending underground more than 400 meters or 1,300 feet which are known to intersect one of the largest identified mineralized veins of heavy and critical rare earths located within the continental United States. The company believes that it would be the first company to proceed with rare earth underground exploration and sampling in the continental United States.
In 2012, 2013, and 2014, the company conducted extensive exploration-related field work. Work began in 2012 with the detailed independent evaluation of the company's extensive historic data warehouse, as well as other detailed historic mapping of its claims and prior geologic field work, including both historic and new channel, core and grab sampling, core drilling, and metallurgical and chemical engineering data collection activities.
All of the company's field work was compiled using NI 43-101 compliant methods, including work at the Last Chance, Lemhi Pass, North Fork and Diamond Creek projects. These methods ensured and verified the accuracy of the historic data, in addition to providing new field work and metallurgical and chemical engineering data. The exploration team consisted of 20 professionals, including four qualified geologists who supervised and conducted all of the field work, in coordination with the team's research, geotechnical, geological, and drilling teams.
The stockpile was extracted by Idaho Energy and Resources Co. (IERCO) as part of rare earths exploration. Based on data published by IERCO, the company estimates that the stockpile contains a substantial amount of rare earths enriched material, with high percentages of both heavy and critical rare earth elements.
The company said that its exploration teams and extensive field work have verified the richness of all of its other historic data. In addition, the teams provided new exploration data, especially in the targeted areas of the Last Chance, Lemhi Pass, North Fork, Diamond Creek, and its Rudolph Hill, and Wet Mountain project claims in Colorado.
"It is really exciting to be part of the team that realizes access and exploration to the company's Last Chance project, which is believed to have the only known rare earth underground workings in North America," said Howard Dunn, Principal of Process Engineering. "The existing adit located on U.S. Rare Earths' property has the potential to be rehabilitated, allowing for advanced exploration right here in the continental United States."
Additionally the company completed its latest on-site field review with U.S. Forest Service personnel on July 10th, 2014. The company anticipates receiving a formal permit within the next 90-120 days, which will allow for the re-opening of the Last Chance underground northern adit and to begin proceeding with underground exploration and sampling in the continental United States.
Rare Earth element minerals were extracted previously by IERCO during its historical underground adits (tunneling) activities associated with rare earth exploration on the Last Chance vein. Historical data indicates that substantial amounts of rare earths are held in the stockpile.
"We are delighted to have been granted permission to access and remove the 10 to 12 tons of material from this stockpile," said Kevin Cassidy, CEO of U.S. Rare Earths. "This approval comes with the culmination of over three years of data collection and thorough research and development of our properties, concluded in compliance with NI 43-101 standards, including both the broad and detailed exploration and drilling results conducted to date. We believe this national treasure and invaluable American resource enhances our potential and positions U.S. Rare Earths to be the first U.S.-based business to provide a domestic supply chain solution to America of both heavy and critical rare earths sourced here in the continental United States."
Earlier this year, the company announced that it had completed preliminary exploration and assessment of a portion of its claims in Lemhi Pass, including the Last Chance claims. U.S. Rare Earths holds more than 142 claims covering more than 2,300 acres in the Lemhi Pass region. The independent survey, prepared by Process Engineering and compliant with the NI 43-101 standard, showed a significant concentration of both critical and heavy rare earths in the company's Lemhi Pass projects.
About U.S. Rare Earths, Inc.
U.S. Rare Earths, Inc. is a U.S. based domestic mineral exploration, mining and claims acquisition company based in Plano, TX. The Company holds approximately 22,000 acres of mining claims for rare-earth elements in Colorado, and in the Lemhi Pass Region of Idaho and Montana. The Company is in the exploration stage and does not have any reportable reserves.
Rare earth elements are critical to many existing and emerging 21st century applications including clean-energy technologies such as wind turbines, hybrid cars and electric vehicles; high-technology applications including cell phones and digital music players; hard disk drives used in computers; microphones; fiber optics; lasers; and in addition, critical defense applications such as global positioning systems, radar and sonar; and advanced water treatment applications, including those for industrial, military, homeland security, domestic and foreign aid use.
For more information visit www.usrareearths.com
Safe Harbor Statement:
Some statements contained in this news release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. These statements may contain words such as "desires," "believes," "anticipates," "plans," "expects," "intends," "estimates" or similar expressions. These statements are not guarantees of the Company's future performance and are subject to risks, uncertainties and other important factors that could cause its actual performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Such statements include, but are not limited to, rare-earth industry risks, estimates of mineralized materials , litigation risks, plans to raise capital, and board, management and governance risks. Additional information regarding factors that could cause results to differ materially from management's expectations is found in the Company's SEC filings. The Company intends that the forward-looking statements contained herein be subject to the above-mentioned statutory safe harbors. Investors are cautioned not to rely on forward-looking statements.
SOURCE U.S. Rare Earths, Inc.
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company Logz.io. In the past, he was co-founder of social-trading platform Currensee, which...
Nov. 30, 2015 10:00 PM EST Reads: 264
The revocation of Safe Harbor has radically affected data sovereignty strategy in the cloud. In his session at 17th Cloud Expo, Jeff Miller, Product Management at Cavirin Systems, discussed how to assess these changes across your own cloud strategy, and how you can mitigate risks previously covered under the agreement.
Nov. 30, 2015 06:30 PM EST
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 ...
Nov. 30, 2015 03:45 PM EST
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...
Nov. 30, 2015 03:30 PM EST
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
Nov. 30, 2015 03:15 PM EST Reads: 245
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Nov. 30, 2015 03:00 PM EST Reads: 494
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.
Nov. 30, 2015 02:00 PM EST Reads: 368
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...
Nov. 30, 2015 01:45 PM EST Reads: 433
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...
Nov. 30, 2015 01:45 PM EST Reads: 437
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).
Nov. 30, 2015 01:00 PM EST Reads: 540
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).
Nov. 30, 2015 12:45 PM EST Reads: 343
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...
Nov. 30, 2015 12:45 PM EST Reads: 290
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.
Nov. 30, 2015 11:00 AM EST Reads: 223
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...
Nov. 30, 2015 10:45 AM EST Reads: 463
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...
Nov. 30, 2015 10:30 AM EST Reads: 356