Very Rare
Very Rare
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US $189.00
American Rare Earths & Materials (OTC:AREM) Takes Stand Against China: +40%
American Rare Earths & Materials (OTC:AREM) has been on the move today gaining more than 40 percent on heavy volume. Just before the close, shares of American Rare Earths had given back most of its ground and was up 3 percent at $0.33 per share on volume of 714,000 shares. The SmallCap company released news on Tuesday of this week about its game-plan on dealing with China.
Dr. Nataliya Hearn, CEO of American Rare Earths announced new technology and business platforms to fight the Chinese stronghold of Rare Earth metals. Dr. Hearn noted China's refusal to resume exports of Rare Earth metals to Japan has now expanded to Europe and the United States according to The New York Times (http://www.nytimes.com/2010/10/25/business/global/25rare.html?ref=china) and stated that the Company's focus on Rare Earths and Materials processing and applications will provide economical alternatives to the "latest act of Chinese aggression."
The company's new structure consists of three (3) main business platforms providing immediate solutions to potential shortages and growth of the companies future revenue streams:
1. Industrial Applications -- providing Rare Earth metals, super alloys, and advanced chemicals to the industrial and commercial markets
2. Mining and Processing -- providing new supply of Rare Earth metals and other strategic resources to the global market from new mining sources and new extraction technologies of the tailings from current mining facilities
3. Licensing and Marketing -- selling industrial, ingredient and consumer brands and technologies under the AREM umbrella
"Our overall goal is to provide new applications and solutions for large industrial customers in the North American markets to compete and provide solutions to the current Chinese embargo. Our expertise in Rare Earth metals is substantial, including development of applications in consumer and industrial applications," stated Dr. Hearn.
Since 2002, the company has been commercializing Rare Earth metals. This has led to the development of a unique value chain that includes the extraction of Rare Earth metals, the development of patented Rare Earth metal super alloys and the manufacture of end products using Rare Earth metal components.
Dr. Hearn noted, "Our expertise in this category has begun to be recognized, we are approaching a 52-week high in our market capitalization and we are on path to announce several new strategic partnerships and relationships."
American Rare Earths is a leader in commercializing Rare Earth metals and quickly delivering revolutionary new products to consumer and industrial markets. The company is focused on low-risk, high-return, high-demand industries that use Rare Earth metals including aerospace, alternative energy, automotive, power transmission, shipbuilding, and transportation as well as selected consumer markets (sporting goods equipment).
The company also develops advanced chemicals and materials. American Rare Earths & Materials is committed to becoming American's best and most reliable source for Rare Earth metals and advanced chemicals and materials and to fully leverage the global mega-trends in these categories.
For more information, visit www.americanrare.com.
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About the Author
WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor's Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies.
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