Quantum Adds More Technical Expertise
September 27 2010 - 9:57AM
Marketwired
Quantum Rare Earth Developments Corp. (TSX VENTURE: QRE)(PINK
SHEETS: QREDF)(FRANKFURT: BR3) ("Quantum", the "Company") is
pleased to announce that Mr. Claude Dufresne, Ing. has agreed to
join the recently establishment Technical Advisory Board to help
oversee developments of the Company assets.
Mr. Dufresne graduated with a Bachelors degree in Mining
Engineering from Laval University in 1991. Following his
graduation, Mr. Dufresne started working with Cambior as a
metallurgist. In 1996, he was transferred to Cambior's largest
operation, Omai Gold Mines Ltd., located in Guyana, S.A before been
promoted to Marketing Manager. After Cambior's acquisition by
Iamgold Corp, Mr. Dufresne collaborated with Iamgold's Corporate
Development group while continuing with its Sales & Marketing
activities, which included niobium and bauxite. In January 2008,
Mr. Dufresne started Camet Metallurgy Inc, a joint venture company
with Iamgold, which is responsible for the worldwide Sales and
Marketing of Iamgold's niobium from the Niobec mine. Mr Dufresne is
a member of the Ordre des Ingenieurs du Quebec, and of the Tantalum
& Niobium International Study Center (TIC).
"We are extremely pleased with the addition of Mr. Dufresne to
the Company. We feel he will play an integral role in the guidance
and development of the Elk Creek Niobium and Rare Earth property in
Nebraska," stated Peter Dickie, President and CEO of Quantum. "We
anticipate announcing additional members of this board in the
coming weeks."
The Company has received conditional approval for the Elk Creek
Carbonatite acquisition, with final approval subject to
satisfaction of certain conditions (see NR Sept 21, 2010 for
details), including successfully closing a private placement. Camet
Metallurgy Inc. has agreed to participate in this private
placement.
The Company also wishes to announce the granting of incentive
stock options to its directors, officers, consultants and
employees, under its Stock Option Plan, for the purchase of up to
100,000 common shares of the Company for a period of 2 years at a
price of $0.35 per share, subject to approval of the TSX Venture
Exchange.
On Behalf of the Board,
Peter Dickie, President
"Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Contacts: Quantum Rare Earth Developments Corp. Peter Dickie
President (604) 669-9330 (604) 669-9335 (FAX)
www.QuantumRareEarth.com
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