Quantum Appoints Former Nebraska State Senator Tony Fulton to Advisory Board
February 14, 2013 (Source: Quantum) Vancouver, BC — Quantum Rare Earth Developments Corp. (TSX VENTURE:QRE) (OTCQX:QREDF) (FRANKFURT:BR3) is pleased to announce the addition of the Honorable Tony Fulton, P.E. to the Company’s Advisory Board.
Mr. Fulton is a former State Senator in the State of Nebraska, having recently reached his term limit precluding a third term re-election. A lifelong resident from near the Elk Creek area, Mr. Fulton is a graduate of the University of Nebraska, and a Mechanical Engineer by profession. Mr. Fulton was recently a key figure affecting the Keystone XL pipeline, another Nebraska project by a Canadian company, pushing forth with a positive business position accompanied with sound environmental considerations. Fulton commented, “Folks in Southeast Nebraska have been talking about this project in Elk Creek for some time, and I enthusiastically offer my expertise and experience in bringing the project to fruition.”
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“We are very pleased to welcome Mr. Fulton to our team,” stated Peter Dickie, President and CEO of Quantum. “Having been an active supporter of the project while serving in office, we look forward to his continued support and assistance in a more direct fashion, at both the local and state level as we strive to develop our large and unique Niobium deposit. With a local businessman of this caliber and experience involved, we aim to enhance our relationship with local and state residents, while providing the Company with tremendous support as we continue to build the development team for Elk Creek.”
This latest appointment comes shortly after Quantum made changes to the board of directors. Joining the board in December was Claude Dufresne, who formerly sat on the company’s technical advisory board.
Mr. Dufresne graduated with a bachelor’s degree in mining engineering from Laval University in 1991. Following his graduation, Mr. Dufresne started working with Cambior as a metallurgist and then a mill superintendent, before being transferred to Cambior’s largest operation located in South America. After spending 10 years on the operational side of the business, he became responsible for the worldwide sales and marketing of Cambior’s ferro-nioibium and calcined bauxite. After Cambior’s acquisition by Iamgold Corp., Mr. Dufresne collaborated with Iamgold’s corporate development group while continuing with its sales and marketing activities. In January, 2008, Mr. Dufresne started Camet Metallurgy Inc., which was responsible for the worldwide sales and marketing of Iamgold’s niobium until the end of October, 2012. Mr Dufresne is a member of the Ordre des Ingenieurs du Quebec, and the Tantalum and Niobium International Study Center (TIC).
“We are very pleased to welcome Mr. Dufresne as a director to assist in development of our Elk Creek niobium deposit. With the limited number of niobium experts available in the field, we are looking forward to utilizing Claude’s extensive experience and business relationships in the niobium business to further our development plans,” commented Peter Dickie, president and chief executive officer of Quantum.
Quantum is developing the Elk Creek Carbonatite, the only primary niobium deposit known to be under development in the U.S., and the highest grade undeveloped niobium deposit in North America. With the significant size and grade of this strategic mineral deposit (NI43-101 resource of 19.3 Million tonnes grading 0.67% Indicated containing over 129,182 tonnes of Nb2O5, and 83.3 Mt grading 0.63% containing over 523,844 tonnes of Nb2O5. Inferred) it is garnering the attention of a number of significant domestic and international corporations.
Niobium is mainly used in the form of Ferro-Niobium to produce HSLA (High Strength, Low Alloy) steel, to produce lighter, stronger steel for use in automotive, structural and pipeline industries. The U.S. imports 100% of its niobium needs. Niobium is listed as a strategic metal, and is being considered for national stockpiling in the U.S., China, and several European countries.
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