Eastern Field International Ltd. has announced the discovery of a rare peralkaline igneous complex (PIC) metals find, further ensuring the company's ability to meet supply demands through at least 2017.
Preliminary estimates show a substantial and high quality deposit of rare earth metals associated with PIC. There are two major types of rare earth deposits, those associated with carbonatites and those with PIC.
The PIC is the rare earth type most often enriched for the lucrative heavy rare earth elements market. Eastern Field International has quickly become a major global supplier of these elements which are critical for electronic and high tech manufacturing.
Eastern Field International Ltd. is a company focused on rare earth elements exploration by way of identification and discovery of new rare earths sources and opportunities that can provide long term supply and with the potential for full development of world-class facilities for separation and delivery. The Company has several rare earth projects in multiple locations, the operations of which are enhanced by close relationships with a number of top tier companies in the industry who have the capability of separating the full spectrum of rare earth elements.
This announcement may contain forward-looking statements, as defined by securities laws, including statements regarding financial outlooks and market environments. Any such statements are based on present expectations and involve a number of risks and uncertainties. Important factors, including those mentioned in this item, that could cause real results to differ materially are set forth in the company's annual report and subsequent statutory filings. They include risks and uncertainties relating to the pace at which the company adds manufacturing capacity and new capital sources, the value of global and regional financial markets, and the dynamics of the markets the company serves.
Eastern Field International Ltd. encourages investors to consult with an investment professional and review filings in conjunction with this publication and prior to making any investment decisions. The forward-looking statements contained in this news release speak only as of the date of its release; the company does not undertake to revise these forward-looking statements to reflect events after the date of this release.