Seymour Ventures' (TSX VENTURE: SEY)(FRANKFURT: 3CK1)(WKN: A1C08G)
wholly owned subsidiary Rare Earth Industries Ltd. (REI), a
Canadian company pursuing opportunities in the rare earths and rare
metals sector, today announced the appointment of its new Financial
Advisor and outlined its business strategy for building the world's
first vertically integrated supply chain for rare earth elements
entirely outside of China in recent history.
Euro Pacific Canada Inc., (Euro Pacific) has been retained as
Financial Advisor to the company for an initial term of 6 months.
Euro Pacific will, on a non-exclusive basis, facilitate
Seymour/REI's access to capital markets and identify potential
acquisition, divestiture or merger targets. In addition, Euro
Pacific will provide strategic advice intended to maximize
shareholder value, assist in strategic marketing initiatives and
assist Seymour/REI in structuring future transactions. Euro Pacific
principals, and specifically Russell Starr, have been advisors to,
and material financiers of, numerous rare earth/metal
companies.
HIGH-VALUE SEGMENT OF THE SUPPLY CHAIN
REI seeks to acquire, develop and operate industrial works that
process and separate rare earth elements into finished products.
The objective is to build a vertically integrated supply chain for
rare earths and rare metals products that is profitable,
environmentally sustainable, and independent from China. REI's
acquisition pipeline is deep and international in scope.
"Ninety percent of the value creation for rare earths occurs
post-mining, when the elements are actually separated into
individual, high-purity metals," said Rob Smith, CEO of REI.
"Downstream separations and processing technology is where we are
focusing our corporate development efforts, and seeking to build
out our supply chain, so that REI can accept raw material feedstock
from any supplier, and produce high-value rare earths products for
customers in the western world."
The above named advisor will join the existing roster of
executives which include;
BOARD OF DIRECTORS & MANAGEMENT TEAM
Alastair Neill (Director and President) is the former VP Sales,
Rare Earth Division and VP Business Development for AMR
Technologies (Now Neo-Material Technologies). Mr. Neill is one of
the leading experts in rare earth elements.
Canon Bryan (Director, CFO, and EVP Corporate Development) was a
founding shareholder of Uranium Energy Corp (NYSE Amex: UEC) and
has held management positions for publicly-listed and
privately-held companies in North America.
Frederic Leigh (Director) has been an investor in the junior
resource sector for more than 27 years. Mr. Leigh was an early
investor in successful companies such as Wheaton River Minerals,
Hathor Exploration and Blue Pearl Mining.
Jim Walchuck (Director) is a mining engineer, and currently
President and CEO of Encanto Potash Corp. Mr. Walchuck has more
than 31 years of international experience in the mining
industry.
Robert Chisholm (Director) is currently CFO for Emprise Capital
Corporation, a private merchant banking firm. Mr. Chisholm is a
professional accountant with over 25 years experience in finance
and administration.
Rob Smith (CEO) is an investor and an advisor to natural
resource and technology companies including Ultra Petroleum (NYSE:
UPL), PanAsian Petroleum (where he advised on the sale to Ivanhoe
Energy), Adenyo, and IMA Resources (NYSE Amex: IMA).
Reinis Sipols (COO) served as the President and CEO of Behre
Dolbear USA, where he managed mining operations. Mr. Sipols has 20
years of operational experience in the construction materials
industry.
ADVISORY BOARD
Paul Matysek has over 35 years of exploration and development
experience including several senior management and directorship
positions with First Quantum Minerals Ltd., First Majestic Silver
Corp., Energy Metals Corp., Lithium One Inc. (Founder), Nevada
Copper Corp. and Forsys Metals Corp. Mr. Matysek recently served as
President and CEO of Potash One Inc.
Martin Rowley has financed and developed successful mines for 25
years. Mr. Rowley was a co-founder of First Quantum Minerals Ltd,
served as First Quantum's CFO and Director, and is currently the
company's Executive Director, Business Development. Mr. Rowley is
also non-executive Chairman of Forsys Metals Corp, a leading
company in the uranium sector.
R. Stuart (Tookie) Angus is a mergers & acquisitions advisor
to the mining industry. Mr. Angus managed M&A for Endeavour
Financial, headed the Global Mining Group at the Canadian law firm
Fasken Martineau DuMoulin, and served as Chair of Nevsun Resources
and Tirex Resources, was a founding director of Plutonic Power, a
director of First Quantum Minerals, a director of Canico Resource
Corp. (acquired by CVRD), and a director of Bema Gold (acquired by
Kinross). Mr. Angus was also Chairman of BC Sugar Refinery
Limited.
Dr. Anthony Mariano, PhD, is a recognized authority on REE
mineralogy and deposits around the globe. Dr. Mariano has consulted
on rare earth element and specialty metal geosciences to
organizations including United Nations, Molycorp Inc. and CBMM.
ABOUT RARE EARTH INDUSTRIES LTD.
Rare Earth Industries Ltd. (REI) is building a
vertically-integrated industrial enterprise focused on the
high-value processing and separations of rare earth elements and
rare metals. The company was formed by executives from the fields
of specialized rare earths geology, mine development, chemical
processing, and marketing and distribution of finished rare earths
products. REI is focused on developing an environmentally
sustainable supply chain for rare earths and rare metals sourced
entirely outside of China. Rare earth elements are used in magnets
for electric vehicles, display screens for electronics,
rechargeable batteries and other high-demand products. REI is
publicly traded on the TSX Venture Exchange under the symbol
SEY.
Safe Harbor Statement
This news release includes forward-looking statements that are
subject to risks and uncertainties. All statements within, other
than statements of historical fact, are to be considered forward
looking. Although the Company believes the expectations expressed
in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business conditions.
There can be no assurances that such statements will prove accurate
and, therefore, readers are advised to rely on their own evaluation
of such uncertainties. We do not assume any obligation to update
any forward-looking statements.
Contacts: Rare Earth Industries Ltd. Dan Sutton Investor
Relations (604) 218-8371 (604) 608-3282 (FAX)
info@rareearthindustries.com
Seymour Ventures Corp (TSXV:SEY)
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Seymour Ventures Corp (TSXV:SEY)
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