EDITOR: | May 7th, 2015 | 8 Comments

Rare Earth Salts Approaches Near Term Commercialization of Rare Earth Separation Technology

| May 07, 2015 | 8 Comments
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May 7, 2015 (Source: Marketwired) — Rare Earth Salts (´RES” or the “Company”), a leading industrial and applications technology company, today announced the Company has a defined path to near term commercialization.

Work has begun on testing process flow modeling for separations processing and commercial component feasibility. The test work aims to prove process flows and the scalability of RES’ proprietary separations technology. Successful completion will facilitate engineering and construction of a commercial production facility with initial separations capacity of 10 tons per month of rare earth concentrate.

“Near term commercialization will be an important milestone for RES and the industry,” said Allen Kruse, Chief Executive Officer of RES. “Our technical team continues to demonstrate some of the lowest operating costs and highest efficiency in the industry with our environmentally friendly process, projected to be below $4/kg. We believe our separations technology is the missing piece to the industry being successful in the Western World once again. It will allow current rare earth concentrate producers and prospective producers to directly compete with, and be profitable at, Chinese domestic pricing.”

“The functional independence of the Rare Earth Salts Separations Technology (RESST) toward various rare earth concentrate feedstocks is another key advantage for RES,” added Allen Kruse. “Our technology allows us to combine concentrate from multiple partners and feedstock types without sacrificing separation effectiveness.”

RES continues to work with a Major Mining Company under the Joint Development Agreement announced October 14, 2014 with plans calling for the expansion of the initial commercial production facility to handle much larger production volumes. RES will continue to selectively seek additional partners with whom to work as the Company continues to grow its commercial capacity.

About Rare Earth Salts

Rare Earth Salts is a leading industrial and applications technology company with the goal of achieving near term commercial production. The Company has developed a patent pending industrial technology proven to efficiently and economically separate and refine all 16 Rare Earth Elements to high purity. The process is environmentally friendly and projects significantly reduced cost versus standard processing. For more information visit: www.rareearthsalts.com.


Raj Shah

Editor:

Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>


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Comments

  • Caleb Lee

    Dear Mlle/Mr. in charge,
    My great pleasure to contact you on line after reading your article about the RES Technology to know more as per the process is environmentally friendly and projects significantly reduced cost versus standard processing. We re literally only REE mine owner in Korea and other region and looking for a simplified RES solution innovative.

    Thanks in advance
    Caleb

    May 8, 2015 - 4:50 AM

  • jim bond

    Veritas:
    LOL. I can’t believe that you doubt the absolute veracity and reliability of a junior company press release. I must be misinterpreting your comment.

    May 8, 2015 - 10:59 AM

  • Allen Kruse

    Vertias:

    The difference with our projections and Mr. Smith’s fact – is that our projections are not dependent upon tens of thousands of REO being processed to achieve it, like his fact required.

    As for the “true” part – we know that until we build a commercial facility, and it operates as delivered, there is going to be skepticism. And with very good reason.

    But with that being said, there are those in the industry that still want to know about our progress, and details about what we do and how we do it. And so that is what we did.

    Thank you for commenting.

    May 8, 2015 - 11:42 PM

  • Allen Kruse

    Apologies for the incorrect spelling of your name Veritas Bob.

    May 8, 2015 - 11:43 PM

  • alvarita

    Truly amazing how many new separation technologies have been announced recently. Almost as many as new HREE mining companies surfaced three to four years ago. As tempted as I am to invest tons of money, a little voice tells me to wait until at least one proves that their claims are proven. I’m still waiting for a mining company to mine something other than funding.

    May 9, 2015 - 12:05 PM

  • JJBeswick

    Allen I’m still one of those that ” still want to know about our progress, and details about what we do and how we do it”.
    Unfortunately the release (and your web site) has no content beyond some price/production claims. Not a word about the “patent pending” process for a start.
    I’ll wait for some substance before making up my mind.

    May 10, 2015 - 7:54 AM

  • EricV

    Hi Allen, our company may be interested in Rare Earth Salts technology for our new rare earth project in Australia. The press release is short on detail but it has peaked my interest. We have a 12 hours time difference so email may be our best bet as an introduction. I note that your website does not have an email contact.

    May 25, 2015 - 12:36 PM

  • Asher Berube

    EricV the CEO of Rare Earth Salts is trying to contact you, could you please email me your contact info at asher@investorintel.com

    May 25, 2015 - 3:01 PM

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