Paget Minerals Discovers High Grade Rare Earths at Mt. Bisson

VANCOUVER, BRITISH COLUMBIA, Aug 25, 2010 (MARKETWIRE via COMTEX) -- Paget Minerals Corp. (CA:PGS 0.17, +0.02, +9.68%) ("Paget" or the "Company") today announced that a recently completed program of rock chip sampling on its 100% owned Mt. Bisson project has returned an assay of 8.64% total rare earth elements (TREE) from a newly discovered mineralized zone.

MONTREAL — Flatscreen TVs, laptops and Apple's iPhones all use rare earth metals, critical to tech devices but largely controlled and produced by China.

It's a market that a number of Canadian companies are trying to enter with their own mining properties in order to compete with and potentially take away market dominance from China.

"The market is only now catching up to the understanding of the sheer importance of these metals," said Peter Cashin, president and CEO of Quest Rare Minerals Ltd. (TSXV:QRM).

Cashin said he expects to have Quest's Strange Lake property in northeastern Quebec, near the Labrador boundary, in production by 2014 or 2015. He's also interested in finding a partner to refine the metals.

He said there's enough rare earth metals, both light and heavy, at the Quebec property for an estimated 65 to 100 years of production.

VANCOUVER, BRITISH COLUMBIA, Oct 21, 2010 (MARKETWIRE via COMTEX) -- Wealth Minerals Ltd. (the "Company" or "Wealth") - (CA:WML 0.60, +0.01, +1.69%) (frankfurt:EJZ), is pleased to announce that it has initiated an aggressive exploration, resource verification and expansion program at its high-grade Rodeo de los Molles (RdlM) rare earth element project in San Luis Province, Argentina. Additionally, the Company has retained the services of Alastair Neill, P.Eng, MBA, an expert on rare earth elements, as a strategic advisor.

Swiss mining and natural resources company Glencore International AG is joining with a Missouri company to reopen a closed mine, the second such U.S. effort responding to skyrocketing prices for rare earth minerals.
The development project with mine-owner Wings Enterprises Inc. comes as concerns heighten about China's tight grip on production of metals such as yttrium required in hybrid vehicles, wind turbines, flat panel televisions, defense missiles and satellites.

In July, Molycorp Inc. raised nearly $400 million in an initial public offering to reopen a rare earths mine in Mountain Pass, Calif., that had been shut since 2002. It expects to begin production next year.

Nikkei reported that Japan will work with Vietnam to tap rare earth metal deposits in the Southeast Asian country, with Japan Prime Minister Mr Naoto Kan and Vietnam counterpart Mr Nguyen Tan Dung to agree on cooperation in a meeting on October 24th 2010.

As per report, companies, including Sumitomo Corporation, Toyota Tsusho Corporation and Sojitz Corporation, are preparing to develop mines in Vietnam.

Japan will jointly develop rare earths with Kazakhstan as part of its efforts to secure supplies of the key minerals now controlled by China, a newspaper said Sunday.