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GREAT WESTERN MINERALS GROUP EXPANDS RARE EARTHS PROCESSING CAPACITY AT LESS COMMON METALS
GREAT WESTERN MINERALS GROUP EXPANDS RARE EARTHS PROCESSING CAPACITY AT LESS COMMON METALS.
About this update from Great Western Minerals Group Ltd
[{"type":"text","content":"GREAT WESTERN MINERALS GROUP LTD. NEWS RELEASE TSX Venture Symbol: GWG CUSIP: 39141Y 10 3OTCQX: GWMGF GREAT WESTERN MINERALS GROUP EXPANDS RARE EARTHS PROCESSING CAPACITY AT LESS COMMON METALS October 26, 2010 - Saskatoon, Canada: Great Western Minerals Group Ltd. (“GWMG” or the “Company”, TSX: V - GWG) announces that a new Rare Earths processing furnace has been ordered for the Company’s wholly-owned subsidiary Less Common Metals Limited. (“LCM”). The new furnace, which will increase LCM’s processing capacity by approximately 50%, is scheduled to be in production by the 3rd Quarter 2011. The decision to proceed with the significant capacity expansion was driven by requests from LCM’s international customer base. Less Common Metals Limited, located in Birkenhead, United Kingdom, is a world leader in the production and supply of Rare Earth based alloys and high purity metals. LCM has been in operation since 1992 and was purchased by Great Western Minerals Group in 2008 as a key step in GWMG’s strategic plan to become a fully integrated Rare Earths producer. “LCM has been supplying Rare Earth alloys and powders to large international companies for more than eighteen years,” said GWMG President and Chief Executive Officer Jim Engdahl. “Our customers appreciate LCM’s proven quality as well as our Company’s plans to be a fully integrated Rare Earths producer. In today’s environment, it is evident that certainty of supply will be more crucial than ever to end users of Rare Earths production.” LCM currently produces Rare Earth alloys for permanent magnets, including neodymium-iron-boron (“NdFeB”) alloys, by vacuum induction melting with options for heat treatment and hydrogenation. These alloys are complex to produce in regard to composition control and microstruc...