IAMGOLD's Niobec Mine Comparison

 Why Nebraska

• Elk Creek is in Nebraska which is very mining friendly
• The US imports 100% of its Niobium and sees it as a "strategic metal" essential for national security
• Close to train, highway, water, and electrical infrastructure
• Only known large source of Niobium in the US

Recent Developments

• Quantum Rare Earth recently added the Geologic, Metallurgic, Engineering and Niobium Marketing expertise to its strong board of Directors and Technical Advisory Team. Page 15-18 of the presentation

Current Work

• Recently completed a $2 million 5 hole drill program
• 3 Niobium holes were released highlighted by 131 m of 1.02% Niobium
• Contained within the Niobium zone core was TREO of .46%
• These infill drill holes will potentially upgrade the Niobium resource from the inferred to indicated category
• Potential for substantial tonnage and average grade increase
• these new hole will provide fresh core for metallurgical testing
• 2 Step-out holes to further explore and define the rare-earth zone will be released soon

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Why Niobium 

• Used as a steel alloy, stainless steel, high strength steel for bridges, buildings and car bodies
• Vanadium is a direct competitor, however, twice as much Vanadium has to be used to achieve the same results Niobium does
• 10% annual growth in demand per year for the past 10 years
• 2/3 of new growth will come from the intensity growth of Niobium on steel and 1/3 of new growth will come from steel growth in general
• 90% of Niobium is produced in Brazil, 10% in Canada
• The US import 100% of the Niobium they use and have mandated in congress finding a domestic supply 

• 80 million shares I/O
• Symbol: QRE-TSXV, QREDF-OTCQX, BR3-FSE
• Average volume Canada-255,000 Frankfurt - 100,000

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