NSU Resources Discusses Rare Earth Element Extraction Process And Intellectual Property Protection Strategy
SAULT STE MARIE, Ontario, July 10, 2012 /PRNewswire/ -- NSU Resources Inc. (NOST: OTCQB) reported today on its process for the extraction of Rare Earth Elements (REEs) to address issues associated with the current economic and technological limitations associated with the extraction of REEs. The separation of natural REE mixtures into individual elements is very difficult to achieve due to the similarity of their chemical and physical properties. This has frustrated the efforts of those who have attempted the economic recovery of rare earth metals from various ores with concentrations thresholds of less than 4-5% Total Rare Earth Oxides (TREO).
The Company has acquired extraction technologies that will permit to purify REEs using processes that have been used for years by the pharmaceutical industry to purify rare compounds from plant tissues.
Chief Technology Officer, Dr. Robert Williams, "We are using a different approach based on the extraction of pharmaceuticals from plant tissues where concentrations are low from a large contaminant matrix."
The company has drafted but not submitted a patent application for the purification of REEs. The company will further refine the process to meet the specific mineral composition of its mineral claims in Colchester County, Nova Scotia and that of other commercial projects owned by other companies. Such process will permit construct a business plan.
This process will be the object of international protection through the Patent Cooperation Treaty (PCT) (http://www.wipo.int/pct/en/) which will provide protection for 36 months in the 143 member countries of the PCT. Immediately thereafter, the company will enter into the national phase of patent protection in Canada, the United States, European Union and other countries as we see the need to protect the company's interest. This intellectual property offers significant business advantages for the company. In the short term, we will continue our research efforts with our internal team and external scientists to continue developing the process for the purpose of reducing the extraction costs of rare earth metals from various mineralogical matrices. In the mid-term we will offer purification services and/or license our technology for the purpose of generating revenues from other industry stakeholders. In the long term we will use our technology to extract our own resources based on positive exploration results.
About NSU Resources Inc
NSU Resources, Inc. is a mineral exploration and carbon development company. Our mission is to become a vertically integrated provider of Rare Earth Elements. We are targeting growth from the acquisition of mineral and carbon rights worldwide. Currently the company is focused on its Eastern Canada property. NSU Resources Inc is a fully reporting company traded on the OTCQB under the symbol NOST. Website: www.nsuresources.com. NSU Resources, Inc. is also now on Facebook, and Twitter @NSUResources. NSU Resources stock is tabulated with other rare earth companies at www.raremetalblog.com
Safe Harbor Statement
Sections of this press release contain forward-looking statements, which reflect management's best judgment based on factors currently known but involve significant risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a number of factors, including but not limited to risks more fully described in the "Risk factors" section of the Company's Annual Report and other risks. Forward-looking information provided pursuant to the safe harbor established by recent securities legislation should be evaluated in the context of these factors.
SOURCE NSU Resources Inc.