Dallas, Texas – The StockGuru Spotlight – U.S. Rare Earths, Inc., (OTCBB: UREE), announced on Thursday that it is one of only four rare earth companies in the United States referenced in the 2011 U.S. Department of Energy (DOE) Critical Materials Strategy Report officially presented today at the Center for Strategic & International Studies in Washington, D.C. The DOE report indicates that five rare earths — neodymium, dysprosium, europium, terbium and yttrium — are under critical supply constraints in both the near-term (now until 2015) and medium-term (2015 to 2025). The report underscores the risks of continued U.S. dependency on foreign sources of metals and minerals and the adverse impact on green energy development.
Read more about U.S. Rare Earths, Inc. at: http://stockguru.com//tag/uree/
UREE is a rare earths exploration company with mining claims located in Lemhi County, Idaho and Beaverhead County, Montana as well as the Powderhorn and Wet Mountain areas of Colorado.UREE noted in its press release, “The 2011 DOE study follows the Department’s 2010 report, in which U.S. Rare Earths’ Lemhi Pass, Idaho property is identified as the only deposit in the United States containing significant quantities of the heavy rare earths [[pages 30-31]], including all five specific REE’s on the DOE critical supply list. The considerable resources noted in the DOE report include the UREE claims in the Lemhi Pass and Diamond Creek.”
Shares of UREE traded as high as $5.00 this week, although it closed flat at $4.00 on Thursday.
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