Quantum Rare Earth Developments Corp. Joins OTCQX
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/21/11 -- Quantum Rare Earth Developments Corp. (TSX VENTURE: QRE)(OTCQX: QREDF)(FRANKFURT: BR3) is pleased to announce the Company's shares commenced trading on the OTC market's highest tier, OTCQX® effective today under the symbol QREDF. The OTCQX, operated by OTC Markets Group Inc., is a financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market.
'The OTCQX platform offers investor-focused companies a winning combination of quality control, transparency, and broader visibility to U.S. investors,' said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. 'We are pleased to welcome Quantum Rare Earth Developments to OTCQX.'
'We are pleased to be able to provide our current and potential U.S. investors an improved platform to access our company's securities,' stated Peter Dickie, President of Quantum. 'The American public, industries and government are becoming keenly aware of the importance of strategic metals and rare earths for the national economy and as investment opportunities. In response, while we continue the advancement of our Elk Creek, Nebraska niobium and rare earth project we feel that this listing is an important step in exposing and presenting our company to the U.S. market.'
Quantum Rare Earth Developments began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcqx.com and www.otcmarkets.com. Berenbaum Weinshienk PC will serve as Quantum Rare Earth's Principal American Liaison ('PAL') on OTCQX, responsible for providing guidance on OTCQX requirements.
About OTC Markets Group Inc.
OTC Markets Group Inc. operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB (the U.S. reporting company marketplace for development stage companies), and OTC Pink (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
About Quantum Rare Earth Developments Corp.
Quantum Rare Earth Developments is an exploration and development company with a focus on seeking out potentially economic deposits of niobium and rare earth elements in North America and elsewhere in the world. It currently has two primary projects, the Elk Creek Niobium and Rare Earth project in Nebraska, and the Archie Lake Rare Earth project in Saskatchewan, Canada.
On Behalf of the Board,
Peter Dickie, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Quantum Rare Earth Developments Corp.
Peter Dickie
President and CEO
(604) 669-9330
(604) 669-9335 (FAX)
www.QuantumRareEarth.com