SourcingLink.net Inc. Announces Positive Developments for Rare Earth Elements Industry
(firmenpresse) - SAN DIEGO, CA -- (Marketwired) -- 03/04/15 -- SourcingLink.net Inc. (OTC PINK: SNET) is pleased with the positive developments in our market segment and the Rare Earth elements industry. The REMX Exchange Traded Fund ("ETF"), which we use as our industry's index has had its first sustained month of growth in the past few years and is up approximately 10% during the month of February 2015. This is the first time in many years that the index has had a sustained growth for a month and it is our opinion that this trend will continue.
In addition to the positive movement of the index, a proprietary Molecular Recognition Technology ("MRT") circuit developed by IBC Advanced Technologies, Inc. of American Fork, Utah ("IBC") has proven to utilize this separation technology and has successfully separated each individual REE with purity levels for all REE's consistently meeting or exceeding 99% purity. This exceeds any separation technology we have investigated in the past and will eventually yield positive results for our properties and increase our effectiveness and efficiency that we plan on utilizing on our Eldor Project site.
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 (one of the most favorable mining jurisdictions in the world). The Eldor Project consists of 34 mineral claims covering approximately 3951 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. Their focus in on rare metals and rare earth elements which are among the primary input materials for the 21st Century technology.
Forward-looking Statements
This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which contain words such as "expect," "believe" or "plan," by their nature address matters that are, to different degrees, uncertain. These uncertainties may cause actual future events to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
Contact:
SourcingLink.net
12526 High Bluff Drive, Ste 300
San Diego, CA 92130
Phone 858-792-3620
Website:
Email:
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Datum: 04.03.2015 - 13:00 Uhr
Sprache: Deutsch
News-ID 376072
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SAN DIEGO, CA
Kategorie:
Mining & Metals
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