Rare Earth Elements (REE)

In the fall of 2010, as a result of the initiative of Nova Scotia government geologists, rare earth elements (REE) were discovered in the river mineral sands. As a result REMSI has undertaken a number of samples and tests to determine the nature and extent of the REE deposits.

The results have been encouraging and the company has conducted extensive hollow core drilling across the entire claim area. This testing resulted in about 65 holes and 344 samples for analysis at Daltech's world-renowned lab. Results are expected early in 2012.

Initial work indicates significant deposits of Monazite sands containing largely cerium, lanthanum and neodynium. These monazite findings are not unusual in placer deposits and have been confirmed in the Cobequid Highlands which border REMSI's Cobequid Bay licenses.

Rare Earth Elements are part of a range of elements used in products such as MP3 players, computer hard drives, hybrid cars and wind turbines. In the fall of 2010 China set off a world-wide panic with respect to REE when it cut back on exports to the developed world. China currently produces nearly all of the world's supply of REE.

The EC, the United States and Japan have all passed emergency legislation to try to alleviate a possible shortage of this critical material.

However, the difficulty becomes the long lead times to develop mostly hard -rock mines for REE. These mines cost hundreds of millions of dollars and take years to get environmental approval, design work and construction.