8 Linhe Zhong Road, Tainhe District, China - December 16, 2014 - (iNewswire)
The acquisition of extensive mining rights in the region will allow the company to meet supply commitments of certain rare earth metals for at least ten years. The funds required to fully exploit these lands will be made available through the upcoming highly anticipated IPO in early 2015.
While the company's processing facilities are continually upgraded and expanded, the company is also building strategic partnerships and the continual surveying of additional potential mining sites. Global production of technological products utilizing rare earth elements has rapidly grown in step with global economic growth. Demand is expected to remain strong for the next decade, increasing the need to find new sources of the unique ores.
Eastern Field International Ltd. is a company focused on rare earth elements exploration by way of identification and discovery of new rare earths sources and opportunities that can provide long term supply and with the potential for full development of world-class facilities for separation and delivery. The Company has several rare earth projects in multiple locations, the operations of which are enhanced by close relationships with a number of top tier companies in the industry who have the capability of separating the full spectrum of rare earth elements.
This news release may contain forward-looking statements, as defined by securities laws, including statements regarding financial outlooks and market environments. Any such statements are based on present expectations and involve a number of risks and uncertainties. Important factors, including those mentioned in this news release, that could cause real results to differ materially are set forth in the company’s annual report and subsequent statutory filings. They include risks and uncertainties relating to the pace at which the company adds manufacturing capacity and new capital sources, the value of global and regional financial markets, and the dynamics of the markets the company serves.
Eastern Field International Ltd. encourages investors to consult with an investment professional and review filings in conjunction with this publication and prior to making any investment decisions. The forward-looking statements contained in this news release speak only as of the date of its release, the company does not undertake to revise these forward-looking statements to reflect events after the date of this release.
Contact Info:Eastern Field International Ltd.
Level 10, Skyframe Tower
8 Linhe Zhong Road, Tainhe District
China
Press Release Service by I-Newswire.com
Original Source: Eastern Field International Ltd. Secures Australian Site Acquisition
