Black Sea Metals Inc. increases in the race for first processing plant for heavy rare earths outside of China a.

Black Sea Metals Inc. increases in the race for first processing plant for heavy rare earths outside of China a.

Black Sea Metals Inc.21.06.2012 Manhattan Beach, CA, - Black Sea Metals Inc. (OTCBB: BLAK, BSM.BE) (the "Company") verkündet einen Strategiewechsel und damit den Plan das erste Verarbeitungswerk für schwere Rare earth (SSE) to build outside China's. The company wants to relocate in their focus towards more processing. The $80 Million project will be implemented in the Black Sea region in the vicinity of a previously identified resource for SEE.

The new management team of Black Sea Metals Inc. has succeeded in recent months, to ensure access to SSE processing technology and the related know-how. The company plans to have a joint venture with a group of experienced engineers and chemists in the pure oxides SSE already successfully produced on an industrial scale.

The next few months in the expected start of the large production of light rare earths (LSE) by large non-Chinese competitors such as Molycorp (U.S.A.) and Lynas (Australia) required a realignment of the company and its activities away from LSE towards SSE and along the value chain from exploration through processing towards.

Alastair S. Neill, New CEO of Black Sea Metals Inc. and one of the few internationally recognized experts in the field of SSE processing: "The complexity of the task to produce high-purity oxides SSE according to different customer specifications in this market will separate the wheat from the chaff. In order to produce a marketable product, it needs not only the right raw material, many grants and more money but also the know-how needed to make the process economically. Whoever makes mistakes quickly loses many millions of dollars. "

Black Sea Metals Inc. the details of the planned joint venture by the end of month in an MOU (Memorandum of Understanding) formalize. The company plans to start production in Q4 2014.

Black Sea Metals, Inc.
Chief Executive Officer
Alastair S. Neill, 424-247-9261

For the correctness of the translation is any liability assumed! Please note original English message!

Which filings can be found at:

Black Sea Metals press release in the original text

This press release contains certain “forward-looking statements” entsprechend der Begriffsdefinition wie in Section 27A des Securities Act und Section 21E des Securities Exchange Act von 1934 defined, as amended. The statements in this press release, are not purely historical are, are forward-looking statements regarding beliefs, Plans, Involve expectations or intentions regarding the future. Such forward-looking statements include, among other things, the cost of the project. Actual results may differ materially from those stated, forward-looking statements due to numerous factors differ. Such factors include, among other things, uncertainties relating to new business opportunities, the possibility that the company is unable to raise the funds necessary to complete the project. These forward-looking statements are made as of the date of this release. We assume no obligation, to update these statements or to update the reasons of possible deviations from the assumptions made. Although we believe, that all assumptions, Plans, Expectations and intentions, reasonable in this press release are, there is no guarantee, that such beliefs, Plans, Expectations or intentions will prove to be correct. Investors should therefore take into account all the information set forth herein with due care. On the risk factors in our annual reports on Form 10-K, hingewisen in our Quarterly Reports on Form 10-Q and other periodic reports. Other than as required by law, the Company assumes no obligation to publicly update any forward-looking statements, regardless of whether that information made here, future or other events affecting.

This entry was posted in News of the corporations, the rare earth metals and and tagged , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply