Rare Earths & Critical Minerals Week-in-Review: Texas Rare Earths (+25%), Frontier Rare Earths (+17.72%), Canada Rare Earth (+16.67%), Montero (+11.11%) & Pele (+10.98%)
Rare Earths & Critical Minerals Week-in-Review (for the week ending October 4, 2013): The sector’s performance was flat overall last week with the REE Leaders Index up +.05% (closing at 397 points last Friday), while the InvestorIntel Rare Earths and Critical Minerals members’ average was down -0.24%…but our site — had record number views: by over +30%….and that indicates interest.
Texas Rare Earth Resources Corp. (OTCQX: TRER) maintained the #1 position after a September to remember, gaining a phenomenal+68.52% for the month, TRER was up +25% last week. On September 30th, Texas Rare Earth Resources announced results of significant heavy and critical rare earth recoveries in column leach testing by an independent laboratory. That announcement had an overwhelmingly positive impact on TRER’s stock. October 1st, the company announced that Jack Lifton had joined the Texas Rare Earth’s Board of Directors.
Frontier Rare Earths Limited (TSX: FRO) gained +17.72% for the week on no news. The company is busy advancing its Zandkopsdrift Rare Earth project in South Africa. We look forward to providing our audience with an update and interview with Frontier Rare Earths’ CEO, James Kenny in the near future.
- IBC Advanced Alloys Corp. (TSXV: IB | OTCQX: IAALF) had a great week, increasing +16.67% on both the American and Canadian exchanges with no new announcements; however Ty is working on a story on IBC for us….
- Shares in Canada Rare Earth Corp. (TSXV: LL) were up +16.67% last week on no news.
- Montero Mining and Exploration Ltd. (TSXV: MON) gained +11.11% for the week on no new announcements.
- Pele Mountain Resources Inc. (OTCQX: GOLDF) was up +10.98% on the American exchange. On October 3rd Pele announced the closing of a private placement offering and, on the following day, the company announced an option grant.
Jack Lifton officially joined InvestorIntel as a regular columnist last week and his first article (which was so jam-packed, we had to make into a five-part series) was a huge success. In case you missed them, be sure to check out: Part 1: The State of the Rare Earth Market, Part 2: The Driver for Global Rare Earth Demand, Part 3: Forecasting Chinese Rare Earth Demand, Part 4: China is Officially Shifting Focus to Domestic Consumer Demand, and Part: 5: The Future Demand for Rare Earths.
I just published a great interview I did with Randy Scott, President and CEO of Rare Element Resources Ltd. (TSXV: RES | NYSE MKT: REE). In it, Randy provides an update on Rare Element Resources and its flagship the Bear Lodge Project, which is now being described as a ‘world-class critical rare earths district.’
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InvestorIntel’s Robin Bromby wrote a great article last week, entitled: What’s rocking and what’s not: how our favorites (potash, REEs, graphite, uranium, critical metals) are performing. It’s a great overview.
Never at a loss for words, Ty Dinwoodie, wrote a rather comprehensive update on Tasman Metals Ltd. (TSXV: TSM | NYSE MKT: TAS). Tasman President and CEO, Mark Saxon provided the latest information on the Norra Karr HREE Project; one of the most significant dysprosium deposits in the world…
Finally, last but far from least — the letter that Professor Dudley Kingsnorth, featuring his latest rare earth market forecast that we published on the 28th of September was one of top articles on InvestorIntel – again this week. In fact, we broke all records on InvestorIntel last week by 30% and I would like to thank Dudley’s letter for being the catalyst.
Here are your numbers of the week:
Tracy Weslosky is the CEO of InvestorIntel Corp., a company that publishes InvestorIntel.com. A leading source for investors, entrepreneurs and industry leaders alike, InvestorIntel is ... <Read more about Tracy Weslosky>