Dear Readers:
The Rare Earth Elements ("REEs"), especially those which occur in nature, are a critical component of substantially all of today's communication, transportation, intelligence, medical imaging, refrigerants, computer devices, plasma televisions and a host of other consumer and industrial technologies, as well as defense and scientific exploration and measurement technologies throughout the world.
In the near future, it is anticipated that the REEs will play a major role in emerging nanotechnologies, zero-gravity technologies, medical diagnostics and procedures and a myriad of other, as yet, undiscovered or unexplored uses. The Lemhi Pass is rich with vast veins of readily harvestable, geologically-confirmed REEs, as well as what is the world's largest single desposit of thorium. With the possible exception of some reserves in China (which are rapidly being depleted), and some holdings in Australia and Canada, Thorium Energy's Lemhi Pass property is one of the largest but least publicized treasure troves of these commodities in the world today.
As a matter of interest, in January of 2008, the following market prices were reported for a sampling of the REEs and their nearest neighbors on the Periodic Table of the Elements:
- SCANDIUM: $18,000 US per kilogram;
- YTTRIUM (Group): $350 -450 US per kilogram;
- DYSPROSIUM (Group): $400 - 7,500 US per kilogram.
At this same time, for the sake of comparison: Gold was priced at $12,110 US per kilogram; Silver at $158 US per kilogram; Nickel at $8.38 US per kilogram, and Chromium at $7.50 US per kilogram.
The prices of the REES are anticipated to continue to rise substantially due to several market forces:
- DEPLETION OF MAJOR "KNOWN" SUPPLIES (the economics of scarcity);
- INCREASES IN AMOUNTS REQUIRED FOR LARGER SCALE PRODUCT MANUFACTURE (demand pull);
- INCREASES IN THE NUMBER OF APPLICATIONS OF RARE EARTH ELEMENTS (more demand pull).
At this moment, THORIUM ENERGY, INC, sits on top of its treasure chest.
The demand for these materials increases every single day, and international supplies of these crucial substances will be subject to significant depletion during the course of these next ten years -- THORIUM ENERGY, INC. has the richest store of these elements, and in a greater concentration than anywhere in the United States or the world, with the exception (at the moment) of China, which produces in excess of 95% of the world's supply of REEs, but is expected to be depleted of these valuable elements to the extent that it will no longer have enough to address its own manufacturing needs, let alone sufficient quantities for export to other users internationally.
Very recently, Saskatoon-based mining company Great Western Minerals Group (GWMG), cited that interest in its holdings of REEs has "never been higher." Great Western Minerals Group, however, does not anticipate any substantial production for the marketplace until 2011 or 2012.
-- THORIUM ENERGY, INC.