ZURICH, SWITZERLAND / ACCESSWIRE / January 17, 2017 / Today, Arctic Star Exploration Corp. (TSX.V: ADD) reported to have started permitting for a drill program on its wholly owned CAP Property, located within the central parts of the Rocky Mountain Rare Metal Belt, 80 km northwest of Prince George in British Columbia, Canada.
In 2010, Arctic Star acquired this property for its potential to host niobium-tantalum and/or rare earth elements ("REEs"). Since then, these commodities have undergone a dramatic shift in demand owing in part to their usage in the green energy sector, which includes modern wind turbines, rechargeable batteries, catalytic convertors etc. Past exploration identified a large anomaly to be drill tested shortly, potentially discovering a niobium-rich deposit.
This week, Donald Trump will be moving into the White House. His presidency is expected to boost demand for commodities as the elect has pledged to enact growth fueling tax cuts and infrastructure spending after being sworn into office on Friday.
The US Department of Defense has declared niobium as one of its top "strategic" metals as it is not mined domestically, is a matter of national security and is important to the nation's economy. The US government maintains a stockpile of niobium at all times and according to the USGS, the DLA Strategic Materials plans to acquire more niobium to address the current shortfall. The US imports all of its niobium from Brazil (83%), Canada (12%) and others (5%).
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SOURCE: Rockstone Research