Rare Earth Companies News

Cavan Ventures recently increased the number of claims covering its Pythonga Lake rare earth project. The new claims are said to increase the economic potential of the property because of the discovery of several new rare earth element (REE) occurrences during the 2011 and 2012 prospecting programs.

Following these updated results, the company intends to drill to verify the extensions of the best channel samples along strike and at depth. The 2013 drilling program will be focused on three areas of mineralized outcrop.

Search Minerals confirmed the appointment of Stephen Keith as president and CEO of the company, effective immediately. James Clucas, the outgoing president and CEO, has transitioned to executive chairman of the company.

Keith has worked on projects in more than 30 countries, with a focus in Latin America, and was most recently founder, president and CEO of Rio Verde Minerals Development, a company he took from concept to listing on the TSX with over $30 million completed in equity financings. Keith led Rio Verde until its acquisition by B&A Fertilizers in March of this year.

Tasman Metals announced the first NI 43-101 compliant independent resource estimate for its 100-percent-owned Olserum HREE project in Sweden.

Its press release notes that highlights include a 0.4-percent total rare earth oxide (TREO) cut off, an indicated resource of 4.5 million MT at 0.60-percent TREO and an inferred resource of 3.3 million MT at 0.63-percent TREO. It adds that “higher value” HREEs comprise 34 percent of the total REE content at Olserum, with the five critical REEs (dysprosium, terbium, europium, neodymium and yttrium) comprising approximately 40 percent of the REE content.

Along with Norra Karr, Olserum is the second of Tasman’s resource-stage REE projects. Together they make up the only two NI 43-101 compliant REE resources in the European Union.


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