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These words still sum up what the future holds for UREE: U.S. Rare Earths' properties in the Lemhi Pass region have been recognized in the U.S. Department of Energy's Critical Materials Strategy publications to have significant showings of Heavy Rare Earth Elements, in particular for the five Rare Earths identified by DOE as being at "Critical Risk": Dysprosium, Europium, Neodymium, Terbium and Yttrium.
"With the House Armed Services Committee now recommending the first-ever stockpiling of Rare Earths, beginning with Dysprosium and Yttrium, the permit to drill at Last Chance comes at a critical time," said Daniel McGroarty, President and Director of UREE.
could be gen tommy franks involvement goes beyond the private sector here too- on the sly as consultant/representative from the pentagon------he's lending his good name to a penny stock, ffs........that probably shouldn't be. Or he absolutely knows something we yet don't, too. Whatever the speculation coming from us, here we have a board of directors to die for. This should be one interesting company going forward.
Tend to agree with everything you wrote. It's hard to imagine a company having a more patriotic, connected, and influential board of directors than what US Rare Earths now has.
The key appears to be alleviating the lack of dependence on China for metals we need here in the US. It's hard to even comprehend how our government has allowed our military to become dependent on a foreign country. We desperately need a domestic source for these rare earths. US Rare Earth's properties appear to be the only ones capable of actually being produced in a timely and economic fashion.
connections, connections, connections---------uree already owns legit properties with legit deposits----the usa has no definitive source (china is no longer dependable) for these particular materials here at home BUT for acreage and deposits like uree has---------and now, uree has such credibility and legitimacy (even as a 3.00 stock) and such perfect "connections" in place on its board of directors, nobody could ask for better connections to assuay the EPA, for instance- and/or politicians for funding and financing. Raising capital should be a near walk through with this bunch backing uree now. Accumulation it will be for me going forward. Tommy franks and ESPECIALLY kerry, the ex-seal, are quite the one-two for ANY pitch the company needs...for whatever. This can seriously end up being a 10.00+ stock one day. And then there's that small float we enjoy. Those who now own, make 'em pay up- and hold tightly to those shares?
Speaks for itself. The bio's of those involved here are simply incredible. That's too what caught my attention and interest.
WOW---Here are a few of the accomplishments of Texas businessman Victor Lattimore and the recent additions to the company's Board of Directors:
John Victor Lattimore, Jr.
Mr. Lattimore was appointed Chairman of the Board of Directors on June 27, 2011. Since 1996, Mr. Lattimore has served as President and Chairman of the Board of Lattimore Properties, Inc. of Plano, Texas. From 1986 to 2011, he was President of Lattimore Materials Company, LP, whose operations included seven aggregate mines, 26 ready mix concrete plants, four rail terminals and over 400 mixer and haul trucks.
Bob Kerrey
Mr. Kerrey was appointed as a director on July 1, 2013. Mr. Kerrey served as Governor of Nebraska from 1983 to 1987, and was later elected to two terms as U.S. Senator from Nebraska, retiring in 2000. While serving in the Senate, he sat on the Senate Select Intelligence Committee, which exercises oversight authority over all U.S. intelligence agencies including the military intelligence program. A former member of the elite Navy SEAL Team, Governor Kerrey is a highly decorated Vietnam veteran who was awarded the Congressional Medal of Honor -- America's highest military honor.
Mark Crandall
Mr. Crandall was appointed as a director on June 27, 2013. Mr. Crandall co-founded Morgan Stanley's energy business in the early 1980s. In 1993 he became a founding partner in Trafigura, an energy trading company, which grew to $30 billion in sales and 1,000 employees in 58 offices worldwide.
General Tommy Franks
General Tommy Franks, former Commander-in-Chief, United States Central Command was appointed to the company's Board of Directors on August 28, 2013. General Franks is a retired four-star General. He was promoted to Commander-in-Chief, United States Central Command in June, 2000. The world knows General Franks best following the culmination of an almost four-decade military career that saw him lead American and Coalition troops in two strategically unprecedented campaigns in two years as Commander of Operation Enduring Freedom in Afghanistan and Operation Iraqi Freedom in Iraq.
The company is clearly building an experienced team to lead its emergence as a player in the rare earths supply chain industry, uniquely possessing valuable relationships capable of assisting them in working through the geo-political issues facing the US and its allies with regard to self sufficiency.
WOW---Here are a few of the accomplishments of Texas businessman Victor Lattimore and the recent additions to the company's Board of Directors:
John Victor Lattimore, Jr.
Mr. Lattimore was appointed Chairman of the Board of Directors on June 27, 2011. Since 1996, Mr. Lattimore has served as President and Chairman of the Board of Lattimore Properties, Inc. of Plano, Texas. From 1986 to 2011, he was President of Lattimore Materials Company, LP, whose operations included seven aggregate mines, 26 ready mix concrete plants, four rail terminals and over 400 mixer and haul trucks.
Bob Kerrey
Mr. Kerrey was appointed as a director on July 1, 2013. Mr. Kerrey served as Governor of Nebraska from 1983 to 1987, and was later elected to two terms as U.S. Senator from Nebraska, retiring in 2000. While serving in the Senate, he sat on the Senate Select Intelligence Committee, which exercises oversight authority over all U.S. intelligence agencies including the military intelligence program. A former member of the elite Navy SEAL Team, Governor Kerrey is a highly decorated Vietnam veteran who was awarded the Congressional Medal of Honor -- America's highest military honor.
Mark Crandall
Mr. Crandall was appointed as a director on June 27, 2013. Mr. Crandall co-founded Morgan Stanley's energy business in the early 1980s. In 1993 he became a founding partner in Trafigura, an energy trading company, which grew to $30 billion in sales and 1,000 employees in 58 offices worldwide.
General Tommy Franks
General Tommy Franks, former Commander-in-Chief, United States Central Command was appointed to the company's Board of Directors on August 28, 2013. General Franks is a retired four-star General. He was promoted to Commander-in-Chief, United States Central Command in June, 2000. The world knows General Franks best following the culmination of an almost four-decade military career that saw him lead American and Coalition troops in two strategically unprecedented campaigns in two years as Commander of Operation Enduring Freedom in Afghanistan and Operation Iraqi Freedom in Iraq.
The company is clearly building an experienced team to lead its emergence as a player in the rare earths supply chain industry, uniquely possessing valuable relationships capable of assisting them in working through the geo-political issues facing the US and its allies with regard to self sufficiency.
and correct me if i'm wrong, but isn't mcgroarty being gone so cheap and smoothly a plus as well? I bought in on the kerry/frank credibility and the FACT that rare earths need to be sourced right here from the states. Frank lends all of the credibility in the workd here. I bought on that news all by itself. AND, i love this tiny float. GLTA
LOL! It got a little crazy today.
That recent SA article is a great read. For me, the board of this company speaks volumes. When you have former Senator Bob Kerry and General Tommy Frank join your board, I have to believe there a reason for it. This company's board is literally comprised of military hero's and patriots. It makes perfect sense when you think about it.
I believe that domestic sources of Rare Earths are of critical importance to our countries future. We should not be relying on China to enable our own military and defenses. Any domestic player with the resources is worth watching and could be in high demand.
OK where the heck was I when this happened??? LOL
NOW IM IN UREE!$!
U.S. Rare Earths Inc: A Rare Combination Of Assets And Management
Aug 29 2013, 07:44
http://seekingalpha.com/article/1663732-u-s-rare-earths-inc-a-rare-combination-of-assets-and-management
Rare earths have been back in the news lately with prices starting to firm up as China does a better job of stopping illegal exports of their rare earth materials and Japan files a complaint for relief with the World Trade Organization to stop illegal exports from China. The sector as a whole has been badly beaten up in terms of stock prices over the last few years, but that is far from a good indicator of the demand for critical rare earths. Critical rare earths are found in all types of products including cell phones, wind turbines, electric cars, magnets, and batteries. Use of these products is only going to grow over the next decade and does not include any of the military applications that rely on these same materials.
One US based rare earth development company recently had very positive news to report on one of their properties. On August 20th US Rare Earths (UREE.OB) reported "US Rare Earths Inc. Confirms It Has the Most Accessible Critical Rare Earth Deposit in North America". This is a pretty interesting statement given that Molycorp (MCP) based in California is currently producing 15,000 metric tons per year of rare-earth-oxide equivalence. However, it appears that the market is now considering the intricacies of the composition of the rare earth element deposits held by the companies when placing a value on the company.
Recent extensive research conducted by the U.S. Department of Energy, U.S. Department of Defense, JP Morgan market analysis, and research by Russian scientist V.V. Seredin have defined a suite of critical rare earth metal oxides (neodymium, europium, terbium, dysprosium, erbium, and yttrium) that best reflects the economic potential of a deposit with respect to U.S. and global demand, something that the Molycorp deposit does not have.
The forecast consensus is that demand for neodymium, terbium, dysprosium, and yttrium will exceed their output and as europium and erbium are critical metals also likely to be under-supplied while cerium output is both non-critical and overproduced. Lanthanum, praseodymium, samarium, and gadolinium will have a strong demand and supply should match demand by current output and new output related to the production of the critical rare earths. The four heavy rare earths holmium, thulium, ytterbium, and lutetium are likely to be in oversupply in the forecasted demand market.
Thus the Critical Rare Earth "basket" represents both the most critical and likely undersupplied rare earth metals where deposits with high percentages of these metals will be in a position for most favorable development.
This suite of critical rare earth metal oxides (neodymium, terbium, dysprosium, yttrium, europium, and erbium) found in the Lemhi Pass properties held by the company best reflects the economic potential of a deposit with respect to U.S. and global demand and is based on extensive research mentioned above.
The reported drilling and surface sampling efforts are on the "Last Chance" vein located in the Lemhi Pass area of Montana. Company geologists have defined a critical rare earth mineralized vein, open to exploration on both ends and at depth, with a surface length (strike) of at least 2200 feet (670m) and down-hole vein intersections of 3-29 ft (1-9m) at depths between 200-460 feet. The diamond core drilling efforts, totaling 1500 feet (455 m) with nine separate qualified surface channel samples totaling 202 feet (61.5 m), are being utilized to define critical rare earth mineralization along the "Last Chance" vein now initially defined both at surface and depth.
U.S. Rare Earths holds nearly all of the historically known rare earth element mineralization occurrences in the Lemhi Pass District of East-Central Idaho and South-Western Montana, the Lemhi Pass area is ranked by Russian Academy of Sciences' Researcher, V. V. Seredin, as holding the richest critical rare earths in the continental U.S. The well known rare earth mineralized Lemhi Pass area covers approximately 120 Square Miles of terrain along the Idaho-Montana Border. The Company holds 97 mining lode claims in Montana and Idaho covering 1680 acres (680 hectares).
CEO - Kevin Cassidy Said -"Based on the success of the Phase I season drilling I have approved the request by our lead geologist, Mr. Dunn, to initiate additional drilling in the Last Chance area. The USRE board is also pleased with the progress being made in other areas in the Lemhi Pass and North Fork Phase I field work which will continue through the summer."
Lemhi Pass was first investigated in the early 1950's for uranium and thorium for the US developing market. Continued investigation, during the late 1960's and through the 1970's, by the U.S. Defense Minerals Exploration Administration (DMEA) and Atomic Energy Commission (AEC) - now the U.S. Department of Energy (DOE) -identified that rare earth metals were associated with the trace amounts of thorium.
In addition to the drilling reported on August 20th at the company's Last Chance Vein, it is in the midst of an extensive exploration and mapping program at its other properties in the Lemhi Pass Region of both Idaho and Montana, including channel sampling at a number of properties.
Along with any asset, having a management team in place that has the experience, passion and resources to maximize its value is key. In the case of U.S. Rare Earths, the key players are all highly accomplished.
Here are a few of the accomplishments of Texas businessman Victor Lattimore and the recent additions to the company's Board of Directors:
John Victor Lattimore, Jr.
Mr. Lattimore was appointed Chairman of the Board of Directors on June 27, 2011. Since 1996, Mr. Lattimore has served as President and Chairman of the Board of Lattimore Properties, Inc. of Plano, Texas. From 1986 to 2011, he was President of Lattimore Materials Company, LP, whose operations included seven aggregate mines, 26 ready mix concrete plants, four rail terminals and over 400 mixer and haul trucks.
Bob Kerrey
Mr. Kerrey was appointed as a director on July 1, 2013. Mr. Kerrey served as Governor of Nebraska from 1983 to 1987, and was later elected to two terms as U.S. Senator from Nebraska, retiring in 2000. While serving in the Senate, he sat on the Senate Select Intelligence Committee, which exercises oversight authority over all U.S. intelligence agencies including the military intelligence program. A former member of the elite Navy SEAL Team, Governor Kerrey is a highly decorated Vietnam veteran who was awarded the Congressional Medal of Honor -- America's highest military honor.
Mark Crandall
Mr. Crandall was appointed as a director on June 27, 2013. Mr. Crandall co-founded Morgan Stanley's energy business in the early 1980s. In 1993 he became a founding partner in Trafigura, an energy trading company, which grew to $30 billion in sales and 1,000 employees in 58 offices worldwide.
General Tommy Franks
General Tommy Franks, former Commander-in-Chief, United States Central Command was appointed to the company's Board of Directors on August 28, 2013. General Franks is a retired four-star General. He was promoted to Commander-in-Chief, United States Central Command in June, 2000. The world knows General Franks best following the culmination of an almost four-decade military career that saw him lead American and Coalition troops in two strategically unprecedented campaigns in two years as Commander of Operation Enduring Freedom in Afghanistan and Operation Iraqi Freedom in Iraq.
The company is clearly building an experienced team to lead its emergence as a player in the rare earths supply chain industry, uniquely possessing valuable relationships capable of assisting them in working through the geo-political issues facing the US and its allies with regard to self sufficiency.
As with any development stage mining companies there are inherent risks. Having a mining asset that is high quality, easy to access, in a mining friendly area and which can mined in a cost effective manner, is a key factor for potential future success. The ability to attract financing to continue to prove up reserves is also vital.
In the case of US Rare Earths the management team only seems to be getting better every day. The deposit has already been recognized by the US Department of Energy to have shown Rare Earths that are considered at "Critical Risk". Investors may be well served to keep a close watch on the company. Ironically those of you who do may just be tracking their progress on an electronic device which more likely than not, utilizes a rare earth itself.
General Tommy Franks Joins U.S. Rare Earths Board of Directors
GENERAL FRANKS RECOGNIZES THE NEED FOR DOMESTIC RARE EARTHS PRODUCTION FOR MILITARY TECHNOLOGY
NEW YORK, Aug. 28, 2013 /PRNewswire/ -- U.S. Rare Earths, Inc., "UREE", (UREE), a rare earths exploration company with mining claims in Idaho, Montana, and Colorado, announced today the appointment of General Tommy Franks, former Commander-in-Chief, United States Central Command, to the Company's Board of Directors.
"US Rare Earths has been working at building a world-class company that can bring top quality jobs back to the US. As Americans, we cannot allow our fate to be left in the hands of a foreign monopoly which controls the production and distribution of rare earths. With General Franks, we are adding a leader who understands the importance of rare earths and our country's need to have US production," said U.S. Rare Earths Chairman of the Board, Victor Lattimore.
"I am pleased and excited to join the U.S. Rare Earth Board. Self-sufficiency is key to America's security. U.S. Rare Earths is dedicated to meeting a recognized need in our current and future economy," says General Franks.
General Franks is a retired four-star General. He was promoted to Commander-in-Chief, United States Central Command in June, 2000. The world knows General Franks best following the culmination of an almost four-decade military career that saw him lead American and Coalition troops in two strategically unprecedented campaigns in two years as Commander of Operation Enduring Freedom in Afghanistan and Operation Iraqi Freedom in Iraq.
"We are honored and privileged that someone of General Franks' caliber and practical experience has agreed to help formulate the direction of the Company as it moves forward to service the rare earths needs of America and its allies," said Kevin Cassidy, CEO of U.S. Rare Earths, Inc.
General Franks' appointment follows recent announcements of former Governor Bob Kerrey and Mark Crandall to the Company's Board of Directors. U.S. Rare Earths, which holds drill permits for six Rare Earths properties across three states, recently announced the results of the first Phase of its 2013 exploration and drilling program in the Lemhi Pass Region of Idaho and Montana. The results confirmed that the company's properties have the highest accessible critical rare earth deposit in North America.
The Company's properties in the Lemhi Pass region have been recognized in the U.S. Department of Energy's Critical Materials Strategy publications to have significant showings of Heavy Rare Earth Elements, in particular for the five Rare Earths identified by DOE as being at "Critical Risk": Dysprosium, Europium, Neodymium, Terbium and Yttrium.
General Tommy Franks was born in Wynnewood, Oklahoma, and grew up in Midland, Texas, where he graduated from Robert E. Lee High School. After two years at the University of Texas, he joined the United States Army, and in 1967, as a distinguished graduate of the Artillery Officer Candidate School, he was commissioned a Second Lieutenant and sent to Vietnam.
His service in Vietnam earned him six awards for Valor and three Purple Hearts. This assignment was the start of a long and distinguished career which would take him from one world hot spot to another, from West Germany at the height of the Cold War to the Demilitarized Zone in Korea, to the deserts of Arabia where he gained the knowledge and experience which would prepare him for the leadership role that would mark his place in the annals of American history.
General Franks attended the University of Texas, Arlington, where he graduated with a Bachelor's Degree in Business Administration, and Shippensburg University where he graduated with a Master's Degree in Public Administration. He is also a graduate of the Armed Forces Staff College and the Army War College.
The General's awards include five Distinguished Service Medals, four Legions of Merit, four Bronze Stars and three Purple Hearts in addition to numerous foreign awards. He was appointed Knight Commander of the Order of the British Empire (KBE) by order of Her Majesty Queen Elizabeth II on May 25, 2004. And President George W. Bush awarded him the Nation's highest civilian award, the Presidential Medal of Freedom, on December 14, 2004.
General Franks has received honorary degrees from a number of universities including his alma mater, Shippensburg University, and his wife's alma mater, Oklahoma State University.
Since his retirement from the military in 2003, General Franks has traveled the world, speaking on leadership, character and the value of Democracy. His autobiography, American Soldier debuted as Number 1 on the New York Times Best Sellers list in August 2004.
General Franks serves on the boards of the University of Texas, Arlington and William Penn University. He is Co-Chair of the Flight 93 memorial foundation and serves as an Advisor to the Military Child Education Coalition, Operation HomeFront Oklahoma, and the Southeastern Guide Dog Organization.
About U.S. Rare Earths, Inc.:
U.S. Rare Earths, Inc. ("UREE", "U.S. Rare Earths" or the "Company") is a mineral exploration, mining and claims acquisition company based in Plano, TX. The Company holds over 12,000 acres of mining claims for rare-earth elements in Colorado, and in the Lemhi Pass Region of Idaho and Montana.
Rare earth elements are critical to many existing and emerging 21st century applications including clean-energy technologies such as 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 statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, 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.
RUBENSTEIN PUBLIC RELATIONS
CONTACT: JONATHAN GOLDBERG 212-843-9335
JGOLDBERG@RUBENSTEINPR.COM
Yes I agree Walter.
Niobium prices are at near all time highs still, while REE prices are at 3 year lows
NioCorp's Elk Creek deposit is something like 30% higher grade and two times the tonnage as IAMGOLD's Niobec mine in Quebec.
I believe Niobec makes around $100 million a year and is valued between 1-2 billion dollars.
I was invested in Lynas corporation , sold in time and am now heavily in NioCorp. I like the story a lot.
I am not sure about REE these days.
I do like Mark Smith a lot (Molycorp's former CEO) who put Molycorp back into production. North America's only Rare Earth producer.
Mark is now working with NioCorp (NIOBF-OTC, NB-TSX.v), developing their highest grade and large tonnage Niobium project in North America. The deposit is in Elk Creek, Nebraska...
Molycorp (which was owned by Chevron at the time) was developing a Niobium mine in Elk Creek in the 80's. Niobium prices are now 5 times higher and demand is 4 times higher.
www.niocorp.com is their website.
This could be Mark Smith's next big winner after Talison Lithium just got taken over, where he sat on the board.
FYI Mark Smith also sat on the Brazil company CBMM that produces 90% of the $4 billion dollars of Niobium a year, which created Brazil's richest family.
im pretty sure someone knows something huge is coming, and they are very happy to see people sell off , and they are buying anything under $1. smart move!
Looks like it. Need to find out what is driving this. I have
seen no news. Anybody? I'll check some other services,
like IV, Yahoo.
WOW, 113.48% UP, i Figured this stock will see $1 again!
i think MM games. make no mistake MMs are buying slowly here.. they know stock will go back to $2!!! They will move it back . lmao its true, thats how MMs are! Take advantage bro!
Spread here is crazy.
.25 bid, .54 ask? Something wrong here Bro. Somebody
bought 1000 at .60, next trades had sale at .45, .35, then
buy at .55. Seven trades all day. Some REE companies
are this price and selling refined metal already. Do DD.
Happy are all getting these shares @0.50 range, imo
i cant imagine stock not going up to $1 and then $2 in the very near future.
Accumulation is the name of the game here it seems.. someone is very happy today getting all these cheapies! I see $1 coming soon!
i see some small buying coming in. .anyone getting in now will double his money thats for sure!
great timing to get anything under a buck, im sure it will bounce to $1 and then $2 again
BUYER BEWARE - bs pump here and pos company IMO
Read lastest 10Q:
http://www.sec.gov/Archives/edgar/data/1098881/000135448812004072/uree_10q.htm
Total Assets: $1,019,249
Total liabilities: $4,365,670
CASH AT END OF PERIOD: $111,612
READ THE REST IT IS UGLY IMO
Next PR will make me happy!! cant wait!
GM, Slowly but surely will see UREE move up to $3+++ weee
$UREE for sure happy :)
im pretty sure time is coming soon and UREE will see that $5 we were talking about earlier.weee
Green today, some buys are coming in. warming up, imo
low volume confirms stocks moves easy.. will see $100K days here soon enough!!!
Ready for updates Raiders, go UREE
Ready for updates Raiders, go UREE
$UREE how funny roger,im hearing maybe a PR this week
GM Roger, our days will come , gotta be patient. go UREE
nice! good thinking! UREE
Just like they always say... "Smooth move Exlax!" lol!
Why mine when you can sell a $16K claim for $1.5 million...
Great observation Roger, im sure all this will pay off for all of us:))
It took me a week or two to figure out what the company's strategy was. It wasn't very clear when I started doing the DD. When it did come to me I realized that these guys are way ahead of the pack. They snuck in and bought all the rare earth claims when nobody was looking. sweet move IMO.
pending news thats all, time will tell! UREE is solid!
Roger, you are kool! UREE PR will be a game changer and the whole ball game will be different here. We will need a great MOD and you are the best, nice IBOX by the way!!
UREE is a snake in the grass type of company. If you want to mine rare earth minerals you have to deal with them. They own all the leases.... he he he!
Sounds like all is in place now for UREE to make a nice move Northward!
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