Quest on Track to Capitalize on the Future of Green Energy: Electric Cars and Wind Turbines

I had the privilege of attending the Quest Rare Minerals Ltd.’s (“Quest”) Annual General Meeting on Wednesday, April 20th, and thus would like to extend a quick commentary on the potency and potential value of the project. As more and more people investigate the REE markets, it does well to discuss leading projects, for those not yet acquainted with salient details.

A quick overview: Quest Rare Minerals Ltd. (TSX.V: QRM) was the single best performing TSX-V stock in 2009, with a 5530% increase from $0.06 to $3.38. Growth has been steady, and it closed at C$7.44 on market end on Thursday, April 21st. Market Capitalization (Basic) is $469.8m, and Working Capital is $50m. They have also recently announced qualification for listing in the U.S., and expect SEC due diligence to be completed and approved on or around May 15, 2011. 

Quest’s primary resource site is Strange Lake, QC, with a highly potential secondary site at Misery Lake, QC. Strange Lake samples have proven rich in nearly all of the designated-Critical elements from the U.S. Department of Energy’s Rare Earth Criticality Matrix, including Dysprosium, Neodymium, Europium, Yttrium, and Terbium, and is currently one of only two known primary Heavy REE resources in North America. This is particularly notable, as certain of these elements, particularly Dysprosium, are crucial to production of many green and clean technologies, such as the Toyota Prius.

Speaking of this, did you see this on Friday: Toyota Prius Continues to Dominate Green Car Online Buzz ( Peter Cashin’s Quest could not be more on track to capitalize on the inevitable future of the automotive and wind turbine industries globally… 

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