Colorado Rare Earths, Inc. has acquired U.S. Rare Earths, Inc., (“USRE”). U.S. Rare Earths owns mineral claims and/or leases located in and around the Lemhi Mining District of Idaho and the Montana / Beaverhead District. As part of the Merger Agreement Colorado Rare Earths, Inc. has changed its name to U.S. Rare Earths, Inc. and changed the trading symbol to "UREE".

“With CREC’s recently announced staking of 8,000 acres in and around the Lemhi Pass District, located in Idaho and Montana, the closing of this acquisition greatly increases our Rare Earth Element (REE) properties in the U.S.,” stated Michael Parnell, USRE's CEO. U.S. Rare Earths, Inc now has over 12,000 acres of potential REE bearing-properties, including substantial new Heavy Rare Earth Element (HREE) claims in Idaho, Montana and Colorado. The acquisition more than doubles our resources," said Parnell, "the name change is an important milestone in the evolution of the company, marking our ability to acquire quality properties. The U.S. Rare Earths, Inc. name is well established with the U.S. Geological Survey, Department of Energy, Department of Defense, on Capitol Hill and in the industry. This branding will give us additional exposure and a larger geological framework going forward."

Current United States Geological Survey (USGS), the Department of Energy (DOE) and the Government Accountability Office (GAO) reports show that U.S. Rare Earths, Inc. owns the mineral rights to one of the major deposits of rare earth elements (REE) in the United States.

The Government Accountability Office issued a report documenting that China, supplier of 97% of the world's rare earths, dominates the supply of rare earth materials crucial to the U.S. defense, computer and renewable energy sectors. The report, commissioned by Congress, resulted from concerns that China could reduce the rare earth materials supply, curbing U.S. production of guided missiles and other defense weapons as well as commercial products such as computer hard drives, cell phones, MRI machines, hybrid autos and wind turbines, among other sophisticated technologies that employ rare earth materials.

A recent GAO report warned that the U.S. needs to ramp up its domestic production of both light and heavy rare earths immediately. Idaho Montana and Colorado were mentioned in the GAO report as states where there was an availability of rare earths. U.S. Rare Earths, Inc. owns the mineral rights to the light and heavy rare earths in these states; this was recently referenced on pages 30 & 31 of a recent Department of Energy Critical Materials report, the report can be accessed on their site;

(http://energy.gov/sites/prod/files/edg/news/documents/criticalmaterialsstrategy.pdf) 

Rare earths are essential raw materials used in nearly all sustainable energy technologies and a wide spectrum of defense applications. Our rare earth deposits could help supply the projected demand of the United States military and civilian green industries and would assist in eliminating the dependence the United States currently has on Chinese sources. A likely source of heavy rare earth elements in the U.S. comes from the deposit at Diamond Creek, Idaho, owned by U.S. Rare Earths, Inc. The USGS also lists some heavy rare earth elements at the company's Lemhi Pass deposits on the Idaho - Montana border.

U.S. Rare Earths, Inc.’s staked properties in Diamond Creek contain relatively high concentrations of total rare earths (4.7%), with a significant amount of heavy rare earths (in excess of 1%). The reserves also contain high neodymium content (1.4%).

According to James Hedrick, former USGS rare earths commodity specialist, "the world currently has only one principal source of these elements, the People’s Republic of China. However, China recently indicated it is considering stopping the export of the heavy rare earths, which are the specific critical metals for producing high temperature-operating permanent magnets".

“Even the possibility of such a supply interruption,” he added, “has already caused a crisis that has highlighted our dependence for the security of our supply of the heavy rare earths on an economic competitor.”

In addition, Hedrick said, “U.S. Rare Earths’ analytical data indicates that it is one of the few domestic resources that has significant heavy rare earths.”

The USGS now recognizes U.S. Rare Earths Inc.’s REE deposits in Idaho, Montana and Colorado as some of a select group of economically viable deposits that is outside of Chinese control.

The Diamond Creek and Lemhi Pass properties have no previous environmental or regulatory citations and the state of Idaho is amenable to new mining endeavors. (Note) The Actlabs Group of companies provides U.S. Rare Earths analytical services www.actlabs.com/

Some of the important advantages of the US Rare Earths, Inc, resource include:
Access to roads and power
Location--Continental US (Idaho, and Montana)
Political support for USRE projects
US Government, Industry and Wall Street awareness
Strong historical and current data
Experienced geological team
Recognized brand name
Negligible chance of any significant new US rare earth  discoveries