SourcingLink.net Gives a Definitive Explanation of Rare Earth Elements Usage
SAN DIEGO, CA–(Marketwired – Dec 10, 2014) –
SourcingLink.net Inc. (PINKSHEETS: SNET) gives a more definitive explanation to the shareholders regarding assay results reported in the last news release.
SourcingLink.net CEO Anne Carioti feels, “We are well positioned with the Eldor Project to benefit from increased Rare Earth Metal prices. Rare earth elements prices are relatively low when compared with the all time highs.
“Rare earth elements are increasingly important to everyday life and progress. We, the management, feel that rare earth elements have gotten close to the bottom of the market and are poised for a rebound in 2015. Mining rare earth elements is essential for technology.”
The data from the expedition confirmed the existence of rare earth elements at SourcingLink.net’s Eldor Project. In addition, it has revealed significant values in the following Rare Earth Elements; Cerium, Lanthanum, Neodymium, Praseodymium, Samarium and Yttrium.
Here is a list of uses for Rare Earth Elements (source: energy.gov)
Rechargeable batteries (in camcorders), cell phones, PDAs, laptop
Computers and other portable devices.
Wind turbines, drinking water filters, petrochemical catalysts,
Polishing powders, hydrogen storage, fluorescent lighting, flat panels,
Color televisions, glass, ceramics and automotive catalysts.
Fiberoptics, dental and surgical lasers, MRI systems, as medical
Contrast agents, in medical isotopes and in positron emission
Tomography scintillation detectors.
Rechargeable batteries used in hybrid vehicles
Corresponding REE Pricing Chart
To demonstrate current REE prices please visit: www.MineralPrices.com
With an increase in everyday usage combined with the lack of recoverability of REEs, a turnaround in the pricing may be on the horizon. “In 2013, only 1 or 2% or rare earths in end-of-use products are recovered by recycling — this compared to 90% for iron and steel.” – Rare Earths Science, Technology, Production and Use by Lucas, Lucas, Le Mercier, Rollat and Davenport
With strong initial readings, SourcingLink.net is taking steps to be a long term supplier of rare earth elements.
About The Eldor Project:
SourcingLink.net, Inc. signed an agreement to acquire 100% interest in the Eldor Rare Earth Property Claims (The Eldor Project) located in Northern Quebec, Canada. The Eldor Project consists of 32 mineral claims covering approximately 3719 acres and is located in Northern Quebec which is considered one of the most favorable mining jurisdictions in the world.
About SourcingLink.net, Inc.:
SourcingLink.net is a U.S. based publicly traded exploration and development company with a focus on rare metals and rare earth elements which are among the primary input materials of technology in the 21st Century.
For more information: http://finance.yahoo.com/news/sourcinglink-net-gives-definitive-explanation
Disclaimer/ Disclosure: The Investors News Magazine is a third party publisher of news and research as well as creates original content as a news source. Original content created by Investors News Magazine is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site may be compensated by featured companies for news submissions and content marketing. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.