TORONTO, Dec. 12, 2011 (GLOBE NEWSWIRE) -- American Rare Earths & Materials (OTCQB:AREM), a leader in commercializing Rare Earth metals, announced today that it has hired David Johnson as the Head of Technology.
AREM's focus is to expand its current proprietary processing technologies from Scandium to include other Rare Earths and commodity metals. The technologies that are being developed and/or are available on the market require evaluation and optimization, in order to provide economically viable solutions in processing of tailings and or poly-metallic mining deposits.
David Johnson has over 30 years experience in developing processes for the mining and metals sectors. He has managed R&D efforts for both large corporations and small start-ups. He has designed, built and managed facilities for base metal producers, precious metal refiners and niche metal recyclers. He brings a wealth of experience in process waste management and environmental compliance. In his new role, he is expected to accelerate the aggressive program to acquire and develop processing facilities around AREM's core businesses.
About American Rare Earths & Materials
American Rare Earths & Materials (AREM) is a leader in commercializing Rare Earth metals and quickly delivering revolutionary new products to consumer and industrial markets. The company is focused on low-risk, high-return, high-demand industries that use Rare Earth metals including aerospace, alternative energy, automotive, power transmission, shipbuilding, and transportation as well as selected consumer markets (sporting goods equipment). The company also develops advanced chemicals and materials. American Rare Earths & Materials is committed to becoming America's best and most reliable source for Rare Earth metals and advanced chemicals and materials and to fully leverage the global mega-trends in these categories. For more information, visit www.americanrare.com.
Forward-Looking Information
The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference.