Business
Rare Earth Metals Files Application on OTCQX
Apr. 20, 2011 (Filing Services Canada) -- Rare Earth Metals Inc. (RA - TSX Venture), is pleased...
About this update from Canada Rare Earth Corp.
[{"type":"text","content":"\nRare Earth Metals Files Application on OTCQX\n\n Apr. 20, 2011 (Filing Services Canada) -- Rare Earth Metals Inc. (RA - TSX Venture), is pleased to announce that it has commenced the application process for trading on OTCQX, the OTC market's highest tier.Berenbaum Weinshienk PC will serve as Rare Earth Metals' Principal American Liaison (\"PAL\") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities law.Michael Stares, President & CEO of RA, commented: \"In order to broaden RA's shareholder base and to increase the ability of larger audiences in the U.S. and internationally to participate in the Rare Earth Metals Inc. story, the Company is actively engaged in pursuing new delivery mechanisms.\"The Company is ramping up its exploration activities on the Red Wine Project in anticipation of its 2500 metre resource drilling program, scheduled to start by mid-June. Ongoing exploration activities are being conducted on three properties in Ontario and a status report will be provided shortly.About OTCQXThe OTCQX marketplace is the premier tier of the U.S. Over-the-Counter market. Investor-focused companies use the quality controlled OTCQX listing platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. exchange. For more about OTCQX, visit www.otcmarkets.com.  About Rare Earth Metals Inc.Rare Earth Metals is a well funded company with a focus on exploring for Rare Earth Element deposits. The Company presently has two advanced projects in Ontario and Newfoundland and Labrador, all exhibiting multi element potential (REEs, Niobium, Beryllium, Zirconium and Iron Ore) and proximity to available infrastructure. Its flagship properties are the Clay-Howells Prospect and the Red Wine Project. Additional information concerning the Corporation is contained in documents filed by the Corporation with securities regulators, available under the Company's profile at www.sedar.com. For more information please visit the Rare Earth Metals web site at www.rareearthmetals.ca. ON BEHALF OF THE BOARD OF DIRECTORS OF RARE EARTH METALS INC.:\"Michael Stares\" President and CEO \"Neither the TSX Venture Exchange nor its...