SASKATOON, Sept. 11 /PRNewswire-FirstCall/ - Great Western Minerals
Group Ltd. (TSX-V: GWG) - Jim Engdahl, President, is pleased to report that
it has engaged Kazuo ("Kaz") Machida to consult to the Company with respect
to the Japanese market for rare earth element products. Specifically, Mr.
Machida will advise the Company as to potential products and customers for
material that could be produced from its 100%-owned Hoidas Lake rare earth
project in northern Saskatchewan. The Hoidas Lake project is in the
prefeasibility stage of development, and Mr. Machida's input will be used
to help define the product and revenue stream for the prefeasibility study.
Kaz graduated from Rikyo University in Tokyo, with a Masters degree in
Business Administration, and joined C. Itochu & Co. Ltd. (now Itochu Corp.)
as a trader in industrial minerals. Stationed in Japan, Australia and
Singapore, Kaz worked for Itochu until 2002, trading in a variety of
industrial minerals, including rare earth element products for the
phosphor, magnet, glass and ceramic industries. Itochu was one of the first
trading companies to introduce Chinese rare earths to the Japanese market.
After leaving Itochu, Kaz established his independent consulting
business, Kay Investment Ltd., and continued trading in rare earth oxides
between China and Japan. He also assisted Lynas Corp. in the development of
the Mt. Weld rare earth project in Australia.
The rare earth elements are critical to many high-technology
applications including those required for electric and hybrid vehicles.
China currently controls 97% of world rare earth production and, as
official policy, have recently announced restrictions on the export of rare
earth products to buyers outside of China.
Great Western Minerals Group Ltd. is proud to be working with Kaz
Machida in working toward the goal of becoming the only
vertically-integrated supplier of rare earth products outside of China. The
Company, through its wholly-owned subsidiary, Great Western Technologies
Inc., already operates specialty metal manufacturing facilities in Troy,
Michigan. These facilities produce a range of products including powders,
metal hydrides and superalloys for clients carrying out research and
development in the battery, fuel cell, automotive and aerospace industries.
Jim Engdahl, President
(The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the foregoing contents)
SOURCE GREAT WESTERN MINERALS GROUP LTD.