Lifton on the “most interesting panel ever seen” at the Global Technology Metals Market summit
October 6, 2015 — In a special InvestorIntel interview, Publisher Tracy Weslosky speaks with Jack Lifton, Sr. Editor for InvestorIntel about the upcoming Global Technology Metals Market summit on Wednesday, October 14th he will be presenting his thoughts on how the financial world views the resource world. He then discusses the significance of the recent strategic materials research contract announced by Texas Rare Earth Resources with the U.S. Defense Logistics Agency. Jack also discusses the panel he describes as the “most interesting one he has ever seen” titled Innovative processing for the technology metals market that will be moderated by Dr. Luc Duchesne and Pol Le Roux at next week’s event and touches on his thoughts on Lynas.
Tracy Weslosky: I’m going to start with a, I can’t wait to see you this next week at the Technology Metals Summit. Can you give us a glimpse into what you’re going to be talking about?
Jack Lifton: I’ve decided to talk about how the financial world views the resource world. There’s isn’t very much understanding in finance. I’d like to make the point that the Chinese seem to understand this a lot better than we do, how to finance companies that make critical materials for our society. Never mind the share prices and the pumps and the promotion and all of that. We really need to get these companies financed. I’ve changed my mind now after 75 years. I’ve decided that national governments should indeed invest in these resources. I’m going to talk a little about that.
Tracy Weslosky: Okay. Speaking of governments, I want to ask you because I know you sit on the board, board of directors for Texas Rare Earth Resources, and they’ve just announced a deal with the U.S. Defense Logistics Agency. I understand that this is the first time they’ve ever awarded a contract like this before. Talk to me about this.
Jack Lifton: It’s certainly the first one ever in the rare earths field. I wouldn’t know about the actual history. The point of this contract is to determine whether or not continuous ion chromatography is an effective and economical means of recovering rare earths from deposits such as Texas Rare Earth’s. To me it’s the first I’ve ever heard of this although I understand in World War Two they might have awarded similar contracts to the ancestor of this agency. People have to understand this is not just an award to Texas Rare Earth’s to supply a few grams of yttrium. This is in fact the agency determining whether or not Texas Rare Earth is on the right path to develop its project with the right non-traditional technology, which is continuous ion chromatography. I understand that the originator of that technology will be a panelist next week at the conference. Is that correct?
Tracy Weslosky: It is correct. I was just about to say, I’m kind of putting you in the hot seat here Jack because what we have next week is we’re going to have a number of the top disruptive, innovative and revolutionary and ground-breaking rare earth extraction technology representatives all on the same panel.
Jack Lifton: Right.
Tracy Weslosky: Now, can I get you to comment on how you think that’s going to go down?
Jack Lifton: It’s all a matter of economics. The three technologies I’m looking at are MRT, the technology being developed for Ucore Rare Metals, the continuous ion chromatography that’s being developed for Texas Rare Earth and what I call targeted solvent extraction, which is the very modern variation of solvent extraction that has been developed by Rare Element Resources…to access the complete interview click here or for more information on the Global Technology Metals Summit, go to TechnologyMetals.com