Aug 20 2010
Dr. Nataliya Hearn, CEO of American Rare Earths and Materials, Corp. (OTCBB:AREM) (the "Company"), does not believe Afghanistan's $1 trillion in untapped mineral deposits can significantly alter the U.S. and North American immediate shortfall in Rare Earth metals.
The discovery, recently reported in The New York Times, "could be a generation away from producing the Rare Earth metals we need to remain competitive in industries like aerospace, transportation and shipping," said Dr. Hearn.
"Rare Earth metals are difficult to extract even in a country with a sophisticated mining infrastructure. In a nation such as Afghanistan, with a gross domestic produce of only $12 billion, there is no such structure and no ability to create one in the near future.
"American Rare Earths and Materials, Corp. is the one company," Dr. Hearn continued, "dedicated to producing the best, most reliable source of Rare Earth metals for North American industry."
"We must also remember," Dr. Hearn stated, "that we cannot control our future with China controlling nearly 100 percent of all Rare Earths. We need our own supply. And I remain committed to helping North American obtain, mine and produce all that we need."
Dr. Hearn concluded, "We will soon be announcing a series of strategic Rare Earth metals partnerships in North America that will help the U.S. get closer to achieving its goal of self-reliance in this critical mineral category."
Source: http://www.americanrare.com/