Solid Resources- Rare Metals Exploration Company, Canada

 

Critical metals are defined as "metals that are a minor input for an end product, in terms of the total value, yet that input is critical to the overall functionality of the end product.” For example, steel is not made of niobium, but niobium, which makes up 0.1% of the alloy, gives it the high strength, which allows steel to be widely used as a structural component.

Critical metals such as Tantalum, Tin, Niobium and Lithium play a critical role in the global economy with applications ranging from alloy elements and the strengthening of steel (Niobium) to rechargeable batteries (Lithium), to the rapidly increasing market for electrical components, especially for capacitors (Tantalum). The electronics community consumes over half of the world’s tin, the primary metal contained in solder, which is a basic ingredient to build printed circuit boards and electronic assemblies. The supply chain of two such critical metals – Tin and Tantalum, has been diminished due to the recent initiatives to combat the trade of “conflict minerals” from Africa.

Solid Resources Ltd. (TSX-V:SRW ; OTCQX: SLDRF ; FSE:YRS) is an exploration company focused on defining a reserve estimate at its Doade-Presqueiras property in northwestern Spain. The property is host to rare metals such as tantalum, niobium, lithium, cesium and rubidium. It also has significant values of tin and was a former tin producer.

2011 Drill Program summary

When the 2011 drilling campaign was initiated in Spain, it was assumed that the majority of dykes mineralized with tin and tantalum were seldom wider than 16 feet and longer than 350 – 750 feet. It can now be concluded, as a result of the 2011 drill program, that the intersections of the main mineralized dykes consistently have widths near or above 33 feet, extending well over several miles.

Solid Resources is now undertaking a NI 43-101 compliant resource estimate, which will be completed in the coming weeks.