Quantum Research: Best Wood Router – Indepth Reviews for 2017!

Looking for a brand new wood router for your workshop? Or planning to replace an old router with a new one? It doesn’t matter why you are searching for a wood router, all we know that selecting a good router isn’t easy until you have a lot of experience in it. This is why we have reviewed a few of the best wood routers for you to read about and choose from.

Trust us, these wood routers are really amazing and are good for most newbies and experienced users and are quite easy to use and handle.

1. Dewalt DWP611PK

This is one of the best wood routers in the market and is a favorite among both professionals and DIYers.It includes ergonomic features which makes it quite easy and comfortable to use. It provides you with a great control and visibility and a really amazing performance. It offers you amazing accuracy and performance which helps in making amazing bevel cuts. It also comes with a 1 ¼ HP motor and you have an option to choose from a plunge base or a fixed base.

Wood Router

 

2. Bosch 1617EVSPK

If you are looking for a wood router with amazing motor and performance at a considerably affordable price, then this model is the one for you. This router comes with a 2.5 HP motor and 12A which offers you amazing power and performance. It comes with a speed range of 8000-25000 RPM and has a variable speed dial which makes it quite versatile. It also includes a built-in Constant Response Circuitry which helps you in maintaining a constant speed throughout the routing to get better and precise results.

3. PORTER-CABLE 690LR

This router comes with a fixed base and is quite powerful and efficient at making the cuts which make it a favorite of many users. It includes a 1 ¾ HP motor that can help you in precise and accurate cuts with the help of its 27500 rpm. You will find this router easy to hold as it comes with ergonomic handles and it contains an aluminum housing and base which makes it quite durable. It also includes a dust sealed switch which helps in protecting it from the premature wear and tear. Trust me, this is the perfect tool to use in busy workshops or personal garages.

4. Makita RT0701C

If you are looking for a budget model then Makita RT0701C is the perfect model for you. It comes with a compact design and a 1.2 HP motor which is powerful and efficient enough to perform most woodworking tasks. It also comes with a highly durable aluminum build which makes it last longer than the other routers with least care and maintenance.

Makita Wood Router

 

5. Hitachi KM12VC

This is a combination base router which means that it can provide you with the features of both the fixed base router and the plunge base router. It comes with a 11A motor and won’t produce a lot of noise while you are using it. It can accept both ½ and ¼ inches bits and it is quite convenient to change the bits.…

Quantum Rare Earth Developments Corp. is providing the following update to shareholders.

Although difficult financial market conditions persisted during the first eight months of 2012, the company was able to accomplish a number of goals set out at the onset of the year. On April 2, the company received an updated resource estimate for the Elk Creek niobium deposit including the following highlights:

  • Addition of higher-grade indicated-status tonnage of 19.3 million tonnes grading 0.67 percent niobium pentoxide;
  • An increase in inferred-status tonnage and grade from the previous resource estimate (see news release dated April 28, 2011) from 80.1 million tonnes grading 0.62 cent Nb2O5 to 83.3 million tonnes grading 0.63 percent Nb2O5.

On July 19, the company announced the finalization of a joint venture agreement concerning the company’s Australian properties which included the following highlights:

  • Quantum will retain a 20-percent carried-to-production interest in the project.
  • Quantum will be reimbursed for its previously incurred exploration funds (estimated at $100,000 (Australian)) and will receive 3.75 million common shares of Victory Mines upon successful completion of its initial public offering on the Australian Stock Exchange.

Victory has since informed the company that all necessary documentation for its IPO has been filed with the ASE, whereby Victory is planning to raise $4-million (Australian) at an initial-public-offering price of 20 cents per common share, with an anticipated closing date and a listing of its common shares in September 2012.In addition, the company has signed non-disclosure and confidentiality agreements with several parties concerning potential joint-venture and/or financing arrangements for the development of the Elk Creek niobium project.

While discussions continue to advance, readers are cautioned that there is no assurance that these discussions will result in any transaction.The company has also reached an agreement through its wholly owned subsidiary, Silver Mountain Mines Corp., Perry English for Rubicon Minerals Corp., concerning Silver Mountain’s interest in eight claim units located in the Kenora mining division, Ontario, Canada, whereby the company will issue 400,000 shares to Mr. English in lieu of a cash payment that was due pursuant to the underlying option agreement between Silver Mountain and Mr. English dated July 31, 2009, subject to TSX Venture Exchange approval.

The company entered into a subsequent option agreement dated Nov. 28, 2011, with Titan Goldwork Resources Inc. whereby Titan can earn up to a 70 percent interest in the Tait property (see news release dated Nov. 28, 2011, for complete details) which remains in effect.We seek Safe Harbor.…

Quantum announces Private Placement

Quantum Rare Earth Developments Corp. (TSX.V – QRE, FSE – BR3, OTCQX – QREDF) (“Quantum”, the “Company”) is pleased to announce that it has arranged, subject to regulatory approval, a non-brokered private placement consisting of up to 4,000,000 units (the “Units”) at a price of $0.125 per Unit for gross proceeds of up to $500,000.

Each Unit will consist of one common share and one common share purchase warrant (a “Warrant”).  Each Warrant shall be exercisable into one common share at a price of $0.25 per common share for a period of 24 months from the Closing Date.  All securities issued pursuant to the private placement will be subject to resale restrictions expiring 4 months and one day following the close of the placement.

Proceeds of the private placement will be used to advance the Elk Creek Carbonatite project and for general working capital.

Finders’ fees may be payable in cash, shares or warrants with respect to certain private placement subscribers and in accordance with the policies of the TSX Venture Exchange.

On Behalf of the Board,

“Peter Dickie”
Peter Dickie, President, CEO

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

Cautionary note:  This news release contains forward-looking statements. These statements include, but are not limited to, statements with respect to the completion of an updated resource estimate, the commencement of a preliminary economic assessment study and management’s expectation that the results of these studies will confirm the potential of the Elk Creek Project.

Specifically, any statements regarding the potential increase of the Company’s inferred resource at the Elk Creek Project and the goals and objectives of the Company are by their nature forward-looking information.  Resource estimates, unless specifically noted, are considered speculative.  The Company has filed a National Instrument 43-101 report on the Elk Creek Project.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon.

By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Other factors may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements.

Specific risk factors include risks associated with the ability obtain any necessary approvals, waivers, consents and other requirements necessary or desirable to permit or facilitate the development of the Company’s properties, risks associated with project development; the need for additional financing; operational risks associated with exploration activities and results, mining and mineral processing; environmental liability claims and insurance; reliance on key personnel; tax consequences; and other risks and uncertainties.

The business of exploring for minerals involves a high degree of risk.

Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.…

Quantum Rare Earth Developments completes option out of Australian properties

July 19, 2012 – Vancouver, B.C.: Quantum Rare Earth Developments Corp. (TSX.V – QRE, FSE – BR3, OTCQX – QREDF) (“Quantum”, the “Company”) is pleased to announce that it has finalized the previously announced option of the Company’s Australian Jungle Well and Laverton properties (collectively the “Australian Properties”).

Under the terms of an option agreement dated September 19, 2011 (the “Florella Option Agreement”) (see NR dated November 2, 2011 for full details), the Company granted Florella Holdings Pty Limited (“Florella”) the right to earn an 80% interest in the Australian Properties, upon completion of payment of cash and issuance of shares to Quantum.  Florella has now assigned a portion of its interest to an unrelated third party Victory Mines Limited (“Victory”), an Australian company currently completing its Initial Public Offering (“IPO”) of shares on the Australian Stock Exchange (“ASE”).

Victory is headquartered in Perth, Australia. The Company and its Australian subsidiary Northeast Minerals Pty Ltd. (“Northeast”) have entered into a comprehensive Joint Venture Agreement (the “JV Agreement”) and a Tenement Sale Agreement (the “Transfer Agreement”) with Victory, its subsidiary Victory Exploration Pty. Ltd. (“Victory Exploration”) and Florella regarding the Joint Venture (“JV”) of the Australian Properties.

Under the terms of the Transfer Agreement, Quantum will retain a 20% interest in the Australian Properties, Florella will retain a 10% interest, and Victory will earn a 70% interest in the Australian Properties upon completion of certain events contained in the Transfer Agreement.  The interests of Quantum and Florella are carried until such time as commercial production is reached, (as defined in the JV Agreement).  To fulfill their obligations under the Transfer Agreement, Victory will be required to reimburse Quantum for costs incurred in exploration work carried out by Quantum on the Australian Properties during the summer of 2011, estimated at approximately $100,000 (Australian dollars), and shall issue to Quantum a total of 3,750,000 common shares of Victory.

Shares issued to Quantum will be subject to escrow provisions as determined by the ASX, which the Company anticipates will result in the release of the Victory shares to Quantum twelve (12) months following completion of the Victory IPO.

The Australian Properties are comprised of the Jungle Well project, located about 40 km west of the town of Leonora, Western Australia and approximately 150 km southwest of Lynas Corporation’s Mt. Weld Rare Earth Element Mine, and the Laverton property, located about 45 km north of Mount Weld.  The Company performed a surface exploration program in 2011 on the Jungle Well property, taking a total of ten grab samples along the length of the dyke, and all showed highly elevated Total Rare Earth Oxides* (“TREO”) values of 0.93% to 12.80% (see November 2, 2011, news release for full details).

*Total Rare Earth Oxides (TREO) include La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, and Y2O3.

About Victory:  Victory mines is a Western Australian based company that has entered into agreements to enable focused exploration for rare earth elements (REE), copper and base metals with potential for uranium, PGE and gold in Western Australia and is currently aiming to list on the Australian Securities Exchange (ASX). For further information visit www.victorymines.com

About Quantum:  Quantum is developing the Elk Creek Carbonatite, the only primary niobium deposit known to be under development in the U.S., and the highest grade undeveloped niobium deposit in North America.  Niobium is mainly used in the form of Ferro-Niobium to produce HSLA (High Strength, Low Alloy) steel, to produce lighter, stronger steel for use in automotive, structural and pipeline industries.  The U.S. imports 100% of its niobium needs.  Niobium is listed as a strategic metal and is being considered for national stockpiling in the U.S., China, and several European countries.

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

Cautionary note:  This news release contains forward-looking statements.  These statements include, but are not limited to, statements with respect to the completion of an updated resource estimate, the commencement of a preliminary economic assessment study and management’s expectation that the results of these studies will confirm the potential of the Elk Creek Project.  Specifically, any statements regarding the potential increase of the Company’s inferred resource at the Elk Creek Project and the goals and objectives of the Company are by their nature forward-looking information.  Resource estimates, unless specifically noted, are considered speculative.

The Company has filed a National Instrument 43-101 report on the Elk Creek Project.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon.  By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Other factors may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements

Specific risk factors include risks associated with the ability obtain any necessary approvals, waivers, consents and other requirements necessary or desirable to permit or facilitate the development of the Company’s properties, risks associated with project development; the need for additional financing; operational risks associated with exploration activities and results, mining and mineral processing; environmental liability claims and insurance; reliance on key personnel; tax consequences; and other risks and uncertainties.

The business of exploring for minerals involves a high degree of risk.

Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.…

Quantum Rare Earth Developments CEO is Interviewed by GLX Capitol Hill Report – Resource Estimates and Niobium Demand are Discussed

Quantum Rare Earth Developments Corp. (TSX.V – QRE, FSE – BR3, OTCQX – QREDF) CEO Peter Dickie has provided an update on Quantum’s Elk Creek, Nebraska niobium project in an interview with GLX Capitol Hill Report. The interview is available at:

Quantum acquired the Elk Creek site, a former Molycorp project, in 2010. Quantum recently published a new resource estimate showing an Indicated Mineral Resource of over 19 million tonnes grading 0.67% niobium (Nb2O5), containing over 129,000 tonnes of niobium (Nb2O5), and an Inferred Mineral Resources of over 83 million tonnes grading 0.63% niobium (Nb2O5), containing over 523,000 tonnes of niobium (Nb2O5), (using a 0.40% Nb2O5 cut-off grade).

There are only three primary niobium mines operating in the world today, none of which are in the U.S., requiring the nation to import 100 percent of its needed supply. The U.S. Geological Survey has termed Elk Creek “potentially one of the largest sources of rare earth elements and niobium”, and it is the only known primary niobium deposit under development in the U.S.

The U.S. government has determined that rare earth elements and certain rare metals, such as niobium, are a strategic security requirement. A key committee of the U.S. House has recently passed legislation to accelerate the permitting process for these rare earth and critical metals deposits in the U.S.

Dickie pointed out that niobium is essential for high-strength, low-alloy steels in products which are expected to remain in high demand, including high-pressure oil and natural gas pipelines, jet engines, and in applications where lighter, stronger steel is needed. In addition to niobium needed for new pipeline infrastructure, concerns that have arisen over the health of older pipelines indicate that replacement may create further demand. In automotive use, niobium strengthened steel can produce weight reductions of up to 5% in the vehicle, yielding greater fuel savings.

Niobium is now used in approximately 10% of world steel and it is expected that niobium use will grow to roughly 20% of world steel in coming years, Dickie said. This includes increased intensity usage in countries such as China, who also import 100% of their niobium, where stricter building codes are now being implemented which will result in increased demand for high strength steel.

For further information, contact the Company at (604) 568-7365 or visit www.QuantumRareEarth.com

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

Cautionary note: This news release contains forward-looking statements. These statements include, but are not limited to, statements with respect to the completion of an updated resource estimate, the commencement of a preliminary economic assessment study and management’s expectation that the results of these studies will confirm the potential of the Elk Creek Project.

Specifically, any statements regarding the potential increase of the Company’s inferred resource at the Elk Creek Project and the goals and objectives of the Company are by their nature forward-looking information. Resource estimates, unless specifically noted, are considered speculative. The Company has filed a National Instrument 43-101 report on the Elk Creek Project. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on factors that will or may occur in the future.

Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Other factors may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements

Specific risk factors include risks associated with the ability obtain any necessary approvals, waivers, consents and other requirements necessary or desirable to permit or facilitate the development of the Company’s properties, risks associated with project development; the need for additional financing; operational risks associated with exploration activities and results, mining and mineral processing; environmental liability claims and insurance; reliance on key personnel; tax consequences; and other risks and uncertainties.

The business of exploring for minerals involves a high degree of risk.

Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.…

Australian Properties

Jungle Well Project

The Jungle Well Rare Earth Project is located 80km west of Leonora and was recognized for its REE potential, however, no analysis was carried out during a late 1990’s diamond exploration program. During 2007 a trench sampling programme identified significant RE values from an exposed dike of 6.9% and 8% REE.

  • Evaluated for diamonds in 1990’s,
  • During 2007, a trench sampling programme identified significant REE values from an exposed dike of 6.9% and 8% REE.

A 2009 follow-up sampling produced the following results:

picture1

Laverton Project

The Laverton Rare Earth Project is located 45km north of Mt Weld and has two untested circular magnetic features.

It’s important to note that rare earth mineralization occurs in residual regolith over a carbonatite plug at Mt Weld.

Carbonatite veins occur up to 5km from the main plug at Mt Weld which is surrounded by a 500-meter radius annulus of alkali metasomatism comprising alkali feldspar and biotite.…

Quantum CEO Highlights Significant Update to Niobium Site in Nebraska Deposit Could Cut U.S. Reliance on Imports

Quantum Rare Earth Developments Corp. (TSX.V – QRE, FSE – BR3, OTCQX – QREDF) (“Quantum”, the “Company”) CEO Peter Dickie noted in an interview with the CEONews.Tv financial news network that Quantum’s Elk Creek, Nebraska niobium project could cut U.S. dependence on imports of the vital strategic material, based on an updated resource estimate at the site.

Dickie noted Quantum’s Elk Creek niobium and rare earth elements project contains one of North Americas’ largest undeveloped niobium deposit in terms of grade and tonnage, and the only primary niobium deposit under development in the U.S.  The updated resource shows a resource containing over 129,000 tonnes of niobium (Nb2O5) in the Indicated category, and over 524,000 tonnes of niobium (Nb2O5) in the Inferred category, with the deposit open in three directions.

International demand for niobium is approximately 100,000 tonnes per year, produced exclusively from mines in Brazil and one in Canada.  The U.S. imports 100% of its’ annual consumption of approximately 10,000 tonnes, which has led the U.S. government to move toward establishing a strategic materials stockpile to protect against potential supply disruptions.

Dickie emphasized the green technology uses for niobium, including the production of high-strength, low-alloy steel, and a variety of other applications.  In addition, niobium alloys are required by the aerospace industry for high-performance jet engines.  He noted that the addition of small amounts of niobium produces harder, lighter steel, resulting in reduced shipping costs (through weight savings) for major infrastructure projects such as bridges and buildings. Niobium hardened steel also cuts the weight of steel used in automobiles, resulting in fuel economy savings.  Niobium is also vital for certain applications where it cannot be readily replaced, such as in high-pressure natural gas and oil pipelines.  In the medical field, niobium is required in the magnets used in MRI machines.

Quantum is continuing development of the niobium deposit in Nebraska through ongoing metallurgical testing.  The Company anticipates the possibility of a larger partner coming on board to help develop the project and perform the material studies necessary for a final production decision that could advance the project at a relatively rapid pace.

On April 2, 2012, Quantum announced an updated National Instrument 43-101 compliant resource estimate for the Elk Creek Niobium – REE Project, located in southeastern Nebraska.  The updated Mineral Resource Estimate, prepared by Tetra Tech Wardrop (Tetra Tech) of Toronto, Ontario will soon be available on SEDAR and the Company’s website.
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.”

Cautionary note: This news release contains forward-looking statements. These statements include, but are not limited to, statements with respect to the completion of an updated resource estimate, the commencement of a preliminary economic assessment study and management’s expectation that the results of these studies will confirm the potential of the Elk Creek Project.  Specifically, any statements regarding the potential increase of the Company’s inferred resource at the Elk Creek Project and the goals and objectives of the Company are by their nature forward-looking information.  Resource estimates, unless specifically noted, are considered speculative.

The Company has filed a National Instrument 43-101 report on the Elk Creek Project.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon.  By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Other factors may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements

Specific risk factors include risks associated with the ability obtain any necessary approvals, waivers, consents and other requirements necessary or desirable to permit or facilitate the development of the Company’s properties, risks associated with project development; the need for additional financing; operational risks associated with exploration activities and results, mining and mineral processing; environmental liability claims and insurance; reliance on key personnel; tax consequences; and other risks and uncertainties.

The business of exploring for minerals involves a high degree of risk.

Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.…

DEMAND FOR NIOBIUM MAY GROW 60% BY 2015- SAYS BRASIL MINERAL

Source: Brasil Mineral

Date: 12/January/2012

DEMAND FOR NIOBIUM MAY GROW 60% BY 2015

The ore of the future, as it is known, will not be impacted by the financial crisis. Brazil’s participation in the international niobium mining area is about 96% of the world production. In Minas Gerais is concentrated about 91% of the total of the country, more specifically in Araxá, in the Upper Paranaíba, where the Brazilian Company for Mining and Metallurgy (CBMM) operates the largest of the three large mines in operation worldwide. The company, which has reserves estimated to last for 200 years, expects a growth of 60% in sales of niobium by 2015. Part of this increase is based on the possibility of major contracts with China, according to the Brazilian Mining Institute (Ibram).

Iron-niobium, obtained from unprocessed niobium found in the underground, is used by leading technology industries. Therefore, the mineral is known as the ore of the future. Even with the instability of the world economy, demand for the product is not impacted. “And we do not think it’s going to happen, at least in the next years,” said Cinthia Rodriguez, manager of Economic Data at Ibram.

Iron-niobium may, for example, help to produce lighter cars, which consume less fuel. An average car weight between 800 and 1,000 kilos of steel. If about 100 and 150 kilos are removed from the cars, it will save one liter of gasoline for every 200 kilometers run. In large infrastructure works, it is possible to use stronger steel and to build a similar structure 60% lighter.

The demand is concentrated in industrialized and most technologically developed countries, where about 80 to 100 grams of this ore are used for each ton of steel. China still has a low rate of use of niobium to produce steel (25 grams per ton), although being already the second largest buyer of the product in the world. The Brazilian iron-niobium is marketed to 23 countries, and a very small portion is consumed domestically. The main customer is the Netherlands, which has signed 30.5% of all contracts, followed by China with 20.2%. Following are Singapore (14.6%), the United States (14.6%) and Japan (9.2%).

In 2012, as there is no increased in the production, exports should remain stable. “The production is almost the necessary to meet the demand. CBMM, which is practically the only supplier, is working to develop and encourage research on the application of the product. Despite the crisis, there was no reduction in demand, but there will be no increase by now,” said Cinthia Rodriguez.

The present context for this segment is weak since projections are made for very long-term. “There is still a lack of knowledge about niobium applications,” According to her, since there is a concentration of production and demand is stable, prices should remain stable in 2012, similar to those of last year. A ton of niobium was sold in 2011 for US$ 26,335, up 14% over 2010.

Besides the large production, Brazil has the largest known reserves of niobium, greater than those of Canada and Australia. The measured reserves of the mineral (Nb2O5), approved by the National Department of Mineral Production (DNPM) and accounted for, totaled 842 million tons, with an average content of 0.73% of Nb2O5. They are concentrated in the states of Minas Gerais (75.08%), in Araxá and Tapira, also in Alto Paranaíba; in Amazonas (21.34%) in São Gabriel da Cachoeira and Presidente Figueiredo, and in Goiás (3.58 %), in the cities of Catalão and Ouvidor.

CBMM is the only company to supply the Brazilian market. All production of the other companies is designed to meet the overseas market.

Source: Hoje em Dia

Date: 17/January/2012

Quantum Files updated NI 43-101 Report on Elk Creek Niobium Deposit

Quantum Rare Earth Developments Corp. (TSX.V – QRE, FSE – BR3, OTCQX – QREDF) (“Quantum”, the “Company”) is pleased to announce the filing of an updated NI 43-101 resource report on the Elk Creek Carbonatite project.  The report specifically deals with the core Niobium zone and does not reflect results of any of the Rare Earth Element zones also located on the property.  The report, prepared by Tetra Tech Wardrop (Tetra Tech) will be available on SEDAR and the Company’s website shortly.

The updated resource estimate for the Elk Creek Niobium Deposit has resulted in an overall increase in tonnage with an Indicated Mineral Resource of 19.3 million tonnes grading 0.67% Nb2O5 (using a 0.40% Nb2O5 cut-off grade), and an increase in Inferred Mineral Resources to 83.3 million tonnes grading 0.63% Nb2O5 (using a 0.40% Nb2O5cut-off grade).  The resource update is the result of an additional three holes completed by the Company at the Elk Creek Niobium Deposit in 2011.  A summary of the resources, with sensitivity to cut-off grade, is presented in Table 1.

Table 1. Mineral Resource Estimate, Elk Creek Niobium Deposit

Effective March 21, 2012

Classification Nb2O5 %

cutoff

Tonnage

(Mt)

Nb2O5 %

Grade

Contained Oxide

t Nb2O5

Indicated 0.70% 7.226 0.86 61,940
Indicated 0.60% 11.373 0.78 88,770
Indicated 0.50% 15.844 0.71 113,271
Indicated 0.40% 19.319 0.67 129,182
Indicated 0.35% 19.632 0.66 130,376
Inferred 0.70% 20.984 0.80 167,447
Inferred 0.60% 44.596 0.72 320,521
Inferred 0.50% 71.333 0.66 468,026
Inferred 0.40% 83.288 0.63 523,844
Inferred 0.35% 83.744 0.63 525,591

1. Effective date of the resource estimate is March 21, 2012

2. Resource estimate based on historic and recent Nb2O5% assay values.

3. Tetra Tech considers a base case cut-off grade of 0.40 Nb2O5% to be reasonable in the absence of metallurgical data and economic parameters (i.e. operating costs).

4. The average specific gravity of 2.96 g/cc.

5. The resource estimate has been classified as having both Indicated and Inferred Mineral Resources. The Indicated resources are based on an interpolation with a minimum of three drill holes within an average distance of less than 80 m. All other blocks within the IK wireframe are classified as Inferred resources.

6. Resource Estimate is based on:

– An Indicator Kriged (IK) wireframe, defining a 45% probability of achieving or exceeding a cut-off of 0.4 Nb2O5%, was generated on the block size of 20 m x 20 m x 10 m.

– Geological model bounded by the IK wireframe. The IK wireframe was generated based on the 27 drill holes totalling 16,595 m of diamond drilling.

– Block model estimated by OK interpolation method on block size 20m x 20m x 10m. The OK estimation was generated based on 17 drill holes that intersect the mineralized IK wireframe.

– Resource Estimate assumes 100% recovery as metallurgical results are not available.

The Elk Creek Niobium Deposit is an elongate, approximately east-west orientated mineral occurrence, in excess of 800 meters along strike.  The deposit remains open to the east, west and at depth.  It is hosted by the Elk Creek Carbonatite, which is an intrusive complex of carbonatite and related rocks. The property was held under an option agreement during the 1970s and 1980s by Molycorp Inc., at which time considerable exploration took place. At least 113 core holes were completed within the outline of the seven-kilometer-diameter geophysical anomaly, with 25 holes completed within a core zone, where high-grade niobium mineralization was identified.

Qualified Persons:

Paul Daigle, BSc, P.Geo., from Tetra Tech, is an independent qualified person as defined by NI 43-101, and is responsible for the mineral resource estimate for the Elk Creek Niobium Deposit and has verified the data disclosed in this release.

Mr. Neil McCallum, P.Geo., from Dahrouge Geological Consulting Ltd., is the qualified person as defined by NI 43-101, responsible for the Elk Creek Carbonatite Project and has read and approved the technical disclosure contained in this news release.

About Quantum:  Quantum is developing the Elk Creek Carbonatite, the only primary niobium deposit known to be under development in the U.S., and the highest grade undeveloped niobium deposit in North America.  Niobium is mainly used in the form of Ferro-Niobium to produce HSLA (High Strength, Low Alloy) steel, to produce lighter, stronger steel for use in automotive, structural and pipeline industries.  The U.S. imports 100% of its niobium needs.  Niobium is listed as a strategic metal, and is being considered for national stockpiling in the U.S., China, and several European countries.

About Tetra Tech:  Tetra Tech is a leading provider of consulting, engineering, program management, construction and technical services.  The company supports the government and commercial clients by providing innovative solutions to complex problems focused on water, environment, energy, infrastructure, and natural resources.  With more than 13,000 employees worldwide, Tetra Tech’s capabilities span the entire project lifecycle.

On Behalf of the Board,

“Peter Dickie”

Peter Dickie, President

For further information, contact the Company at (604) 568-7365 or visit www.QuantumRareEarth.com

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

Cautionary note:  This news release contains forward-looking statements.  These statements include, but are not limited to, statements with respect to the completion of an updated resource estimate, the commencement of a preliminary economic assessment study and management’s expectation that the results of these studies will confirm the potential of the Elk Creek Project.  Specifically, any statements regarding the potential increase of the Company’s inferred resource at the Elk Creek Project and the goals and objectives of the Company are by their nature forward-looking information.  Resource estimates, unless specifically noted, are considered speculative.

The Company has filed a National Instrument 43-101 report on the Elk Creek Project.  Any and all other resource or reserve estimates are historical in nature, and should not be relied upon.  By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on factors that will or may occur in the future.  Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Other factors may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements

Specific risk factors include risks associated with the ability obtain any necessary approvals, waivers, consents and other requirements necessary or desirable to permit or facilitate the development of the Company’s properties, risks associated with project development; the need for additional financing; operational risks associated with exploration activities and results, mining and mineral processing; environmental liability claims and insurance; reliance on key personnel; tax consequences; and other risks and uncertainties.

The business of exploring for minerals involves a high degree of risk.

Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.…

Archie Lake Property

  • Archie Lake Rare Earth Element Property located 50 kilometers east of Uranium City, Saskatchewan and 50 km south of Great Western Minerals Hoidas Lake REE Deposit.
  • Historic exploration and results on the property returned significant concentrations of Rare Earth Elements (REEs).
  • Historic government reports yield assays up to 15.7% RE2O3, 2.31% Thorium
  • Chip samples from 2009 exploration program came back with 29.9% TREE+Y
  • The property consists of one mineral claim covering an area of 2,108 hectares
  • Main tested zone 5m wide traced for 600m on surface
  • Paleo-placer type deposit
  • 50km south of Hoidas lake deposit (1.3 million tonnes avg more than 2% TREE+Y)
  • Never drilled!

Recent Result Overview

Mineralization confirmed in all trenches, with one chip sample returning a high of 29.9% REE+Y (Semi-Quantitative Analysis), and an overall average of 3.8% for the 36 samples

  • A total of five samples exceeded Acme Lab’s detection limits for one to four of the lanthanides (Ce, La, Nd, and Pr).
  • A total of 18 samples exceed 2% REE+Y, of which six exceed 5% REE+Y and three exceed 10% REE+Y.
  • Thin sections confirm Monazite-(Ce) as the near-exclusive REE-bearing mineral, with most grains ranging from 200 μm to 1 mm+ Monazite may locally comprise up to 60% of host lithology

History

The historical exploration of the area is summarized in February 1971 assessment reports (not NI43-101 compliant) on file with the Saskatchewan Ministry of Mines. Historic exploration on the property includes an airborne radiometric survey and follow-up prospecting and trenching over one of the anomalies identified. The main showing is postulated to be a paleo-placer type deposit, with monazite crystals constituting up to 50% of the rock in places. The assay reports from the previous exploration showed that ten samples analyzed by spectrographic analysis method showed elevated concentrations of Rare Earth Oxides. Values ranged from 0.1 to 15.7% RE2O3 and averaged 4.04% RE2O3. Individual elemental rare-earth abundances are in the following order: lanthanum, cerium, gadolinium, lutetium, terbium, and ytterbium, with trace amounts of scandium and yttrium.

Property Sampling

The work program performed by Dahrouge Geological Consulting Ltd., of Edmonton, Alberta, entailed extensive surface sampling to follow up on historic samples obtained through previous government assessment work on the property.  Crews were mobilized to the property on October 4th, with a number of samples having already been sent for rush assays.  Following receipt of assay results, the Company intends to commission a technical report on the Archie Lake project in accordance with NI 43-101

During early October, a total of 36 rock samples were collected from six historic trenches and one small blast pit at the property.  Samples were sent to Acme Analytical of Vancouver, BC. (Acme) for whole rock and trace element analysis with rare earths determined using ICP-MS.  Check analysis was performed by AGAT Laboratories Ltd. (AGAT), Mississauga ON, and the Saskatchewan Research Council (SRC), Saskatoon, SK using an ICP-OES method capable of achieving higher detection limits; on a subset of the original 36 samples.

Mineralization was confirmed in all six trenches plus one small unnamed blast pit.  As reported by Acme, one chip sample returned a high of 29.9% REE+Y (Semi-Quantitative Analysis).  A total of five samples exceeded Acme’s detection limits for one to four of the lanthanides (Ce, La, Nd, and Pr).  Two of these samples exceeded 15% total rare earth plus yttrium (REE+Y).  Of all 36 samples analyzed, a total of 18 samples exceed 2% REE+Y, six exceed 5% REE+Y with three exceeding 10% REE+Y.  The peak value was comprised of nearly 60% monazite representing a highly mineralized pod within the overall zone.

The maximum value of 29.9% REE+Y reported by Acme, was reanalyzed by AGAT as 21.1% REE+Y, and 29.2% REE+Y by the SRC.  All other check samples were within acceptable limits.

A complete sample section across the mineralized zone was obtained in Trench ‘c’.  Semi-continuous chip sampling across an approximate 5 m width returned 5.9% REE+Y.

Preliminary thin section work has been completed on select samples by Allison Brand of Mackevoy Geosciences Ltd.  It was determined that monazite-(Ce) are the near-exclusive contributor to the mineralization, dominated by Ce, La, Nd, and Pr.

Approximately 250 meters of the mineralized zone was traversed by the field crew during the fall 2009 exploration. Several trenches to the northwest, with historic mineralization reported, were not visited. Thus, the potential to extend the zone, and trace the mineralization over several hundred meters remains a strong possibility. The mineralized horizon approaches widths of six meters as evident in one trench and has not been tested at depths beyond the surface blasted of trenches. The 2009 exploration focused on re-sampling historic trenches and did not allow much time to trace the mineralization between the trenches.…