"Rare earth elements (REEs) have been the mystery metals of the mining world for years. Now, suddenly, everyone’s heard about them."
Rare Earth Elements - “Specialty Metals for a Greener World
Rare Earth Elements (REEs) are a group of specialty metals with unique physical, chemical and light-emitting properties that are seeing dramatic increases in demand, owing to their technological applications. The unique properties of REEs make them critical materials to many emerging technologies which are becoming increasingly commonplace in today’s society. While global consumption has been steadily increasing, supply of REEs has tightened dramatically. For the last 10 years, China has dominated global supply, but owing to the importance of REE availability to internal industries, China is prioritizing its domestic markets through steadily increasing export taxes on REEs in tandem with reducing export quotas. As a result, REEs are in short supply, and with demand forecast to progressively increase, the world drastically needs new suppliers of REEs.
The REE group is considered to include the 15 lanthanide elements: lanthanum, cerium, praseodymium, promethium (does not occur naturally), neodymium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, and lutetium. The elements yttrium and scandium are also included as they have similar chemical properties, making 17 REEs in total. The resource and market details refer to REEs in the oxide form and the group is collectively discussed as Rare Earth Oxides (REO).
Company is pleased to report about moving into "... this new market of high value strategic commodities to help meet the needs of consumers resulting from unprecedented growth in high-tech industries" and we are pleased to warn you, that we have a lot of shares, like what the company is doing and are very biased - do not take anything as an investment advise on this website as usual.
We like the speed and cars and this company seems to be up to the speed with recent explosion in Lithium and other Rare metals story, but you need to check charts of AVL.to, RES.v and QUC.v to understand where the Big Bang is. Nothing to be complained about with value building in TNR Gold / International Lithium story, but jealousy is infectious: Chinese are in control of Rare Earth Elements market, keeping more and more for themselves and there are only a few companies with goods to dream about Independent supply to western markets. TNR Gold has already made the trick once: staked Lithium properties and confirmed presence of mineralisation - can they be lucky again? We do not know, but they are searching in the right place: size of the property warrants the target's potential, historical drill core was resampled by Ontario Geological Survey and REE mineralisation was found, all infrastructure is not so far away with active GoldCorp mine 40 km southwest from the property. Rock types are similar to known existing deposits of Molycorp and Rare Element Resources, so deposit model could be targeted with similar geological signature.
With exploration ongoing on other properties market could expect steady news flow about confirmation of ambitions for this "Global Lithium and REE" story. Los Azules and rising copper prices are giving a nice floor under valuation and Alaska is still a free top up to the market cap.
Press Release
Source: TNR Gold Corp.
On 9:25 am EDT, Wednesday October 14, 2009
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 14, 2009) - TNR Gold Corp. ("TNR" or the "Company") (TSX VENTURE:TNR - News) is pleased to announce the acquisition by staking of the Big Beaverhouse carbonatite complex located 450 kilometres north of Thunder Bay in northwestern Ontario.
Key point summary:
- The Big Beaverhouse is one of the largest carbonatites complexes in the province of Ontario measuring 6 kilometres in diameter and a surface area of approximately 16 square kilometres.
- It was explored from 1960-1977 for niobium (pyrochlore) and residual apatite (industrial fertilizer application).
- A 98 metre thick magnetite-apatite-rich unit intersected by a historical drill hole near the centre of the complex was sampled and analyzed in 1980 by the Ontario Geological Survey, confirming the presence of Rare-Earth Elements mineralization.
- Rock types encountered are similar to Rare-Earth Elements projects at the Mountain Pass Deposit of Molycorp in California and the Bear Lodge carbonate of Rare-Element Resources in Wyoming.
- Other historical data reveals high grade niobium up to 5.5 wt. % over 1.7 metres.
Gary Schellenberg, President and CEO of TNR comments "We are pleased to have diversified our exploration portfolio to include Rare-Earth Elements targets. Rare-Earth Elements along with Lithium and Rare Metals are in high demand as a result of the rapid advancement in technology, including green power generation, nanotechnologies, hybrid and electric cars. TNR is thriving to move into this new market of high value strategic commodities to help meet the needs of consumers resulting from unprecedented growth in high-tech industries."
ABOUT BIG BEAVERHOUSE RARE-EARTH ELEMENTS PROPERTY
The Big Beaverhouse property consists of 12 claims (180 units-460.8 hectares) located 450 kilometres north of Thunder Bay in northwestern Ontario. The property can be accessed by floatplane or boat in the summer and a winter road in the winter. An all weather road and infrastructure is located 40 kilometres southwest at Goldcorp Inc.'s producing Musselwhite gold mine.
Partial Rare-Earth Elements analyses conducted by the Ontario Geological Survey on historical drill holes on the property in the 1980's has reported up to 3,200 ppm La+Ce+Nd (Sage 1982). Of significance is the documentation of loparite ((Ce, Na, Ca)TiO3) in the complex (Platt 1994). Loparite may contain up to 34 wt.% total Rare-Earth Elements oxides (TREO) and is an important ore mineral for the Rare-Earth Elements in Russia. Other historical data reveals up to 5.5 wt.% Nb2O5 over 1.7 m and up to 18.9 wt.% P2O5. Drilling in the 1960's, carried out for niobium, intersected a 98 m thick magnetite-apatite-rich unit near the centre of the complex. Such units could contain elevated Rare-Earth Elements, which will be investigated. Apatite contains up to 3.3 wt.% total Rare-Earth Elements in carbonatite-alkalic complexes elsewhere.
Ike Osmani, P.Geo, is the company's qualified person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.
ABOUT TNR GOLD CORP. / INTERNATIONAL LITHIUM CORP.
TNR is a diversified metals exploration company focused on identifying and exploring on existing properties and identifying new prospective projects globally. TNR has a total portfolio of 33 properties, of which 16 will be included in the proposed spin-off of International Lithium Corp.
It is anticipated that TNR shareholders of record will receive up to one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://us.lrd.yahoo.com/_ylt=ArHKN537uPI897VhZVJIaRCtcq9_;_ylu=X3oDMTE2NjRmOGl1BHBvcwMxBHNlYwNuZXdzQXJ0Qm9keQRzbGsDaHR0cHd3d2ludGVy/SIG=11907bp0b/**http%3A//www.internationallithium.com/.
The recent acquisition of lithium, rare metals and rare-earth elements projects in Argentina, Canada, USA and Ireland confirms the company's commitment to generating projects, diversifying its markets, and building shareholder value.
On behalf of the board,
Gary Schellenberg, President
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