Molycorp up 10 percent after congressman introduces rare earth legislation

posted in: | 0

Coffman, Republican congressman quartz crusher from Colarado, introduced legislation on Wednesday calling for a variety of measures that would better ensure that the United States has secure access to rare earth metals.

Molycorp stock finished Thursday at $ 68.45. The stock’s 52-week range is $ 12.10 to $ 68.79.

Avalon Rare Metals, a Canadian-based exploration company also focused on rare earth metals and minerals, was up. Avalon rose 9.47% to $ 9.13 a share on Wednesday trading.

Some of the provisions national key projects within Coffman’s proposed legislation are the following:

• Directing appropriate federal agencies to expedite the permitting process in order to increase the exploration and development of domestic rare earth elements, without waiving environmental laws, and establishing a multi-agency Task Force to carry out this process;

• Setting up a Defense Logistics Agency (DLA) rare earth inventory — where DLA enters into long-term supply contracts and then makes the supplies available for purchase to federal government contractors — to generate a domestic market and facilitate the domestic sourcing of rare earth alloys and magnets;

• Making loans, backed by the federal government, available to start production should lending from the capital markets not be available;

• Requiring the various cabinet Secretaries to appoint Executive Agents for rare earths;

• Establishing a rare earth program at the U.S. Geological Survey.

Molycorp is a Colarado-based rare earth miner that runs the Mountain Pass, an open pit rare earth element mine in California. The mine is being expanded and modernized. Work is supposed to finish this year. By 2013, the company expects the mine to produce 40,000 metric tonnes of rare earth iron ore sotne crusher oxide, a doubling of the mine’s production capacity.

China, which produces 97% of the world’s supply of rare earth metals, is placing restrictions of the rare earth metal exports.

Interest rate rises in a shrinking economy.

Where an economy is in recession and inflation starts to rise from food and energy inflation, the economy finds it extremely difficult to absorb such inflation, in all areas of the e economy. Traditional economics would have central banks attempt to ensure that such inflation does not flow into other areas, but it can only use interest rates to do it. This is like a misdirected sledgehammer in so many cases as it now imposes yet another burden on businesses that are struggling to survive and ensure minimum profitability. The effect of interest rate rises in this climate is to curtail business activity even more. At its worst, it can eventually precipitate a depression. By damaging already weak consumer confidence, its impact is that much greater and that much more difficult to recover from.  If confidence is already undermined, then such further cost pressures send it spiraling downward. The U.K. may experience this situation in 2011 and 2012.

Mining machine manufacturer

Related Hemp Legislation Articles

Cannabis Stocks Buzz – Earth Science (ETST), International Consolidated (INCC …

posted in: | 0

Cannabis Stocks Buzz – Earth Science (ETST), International Consolidated (INCC …
INCC (INCC)'s wholly owned partner, Medical Cannabis Holdings, declared that it is on target for leasing personnel, equipment, security, accounting, financing and compliance to Eden's Garden, LLC, the first of MCHI's 10 identified recreational grow …
Read more on Techsonian (press release)

Scientists separate medical benefits of THC from "unwanted side effects"
Scientists in Spain believe they have found a way to separate the "medical benefits" of cannabis from the "unwanted side effects". By isolating a specific pathway of serotonin receptors (namely 5-HT2AR), the researchers believe they can maintain the …
Read more on Gizmag

The Best Natural Resource on Earth ? Hemp

posted in: | 0

Few men and women right now know in the energy of hemp. Hemp is rather possibly the most precious normal resource on earth right now, yet it remains unused simply because from the hypocrisy of your majority of governments from the earth.

Hemp comes from the Cannabis plant. This material is identified to have far more separate and diverse uses than any other material in the world. It might be utilised to create paper, clothing, food, cosmetics, fabric, textiles, rope, plastic alternatives, constructing supplies, and also the list goes on. The American constitution was written on hemp paper. Those prior to us have been fully conscious of just how beneficial hemp genuinely is. George Washington, one particular of the founding fathers from the United States, grew fields of Hashish plants himself. At one point in particular states of your US, it was illegal not to grow hemp. That is how priceless this useful resource was when considered.

As time handed on and we started to use other resources much more like oil, we started to forget about hemp. Laws have been passed that allowed people to legally not must develop hemp. Then when individuals began understanding how useful it was as soon as again around 1930, it was taken out with the light by a greedy man. This man’s name was William Randolph Hearst, and he owned the vast majority with the newspapers within the United States. When he heard of this new phenomenon of hemp, he was not happy. This was simply because he had all of his newspaper mills already set up as tree paper. Since he didn’t wish to cope with the costs of establishing a new set of hemp mills, he began publishing false stories all throughout his newspapers across the countries associating hemp with marijuana as if it were an evil drug. His propaganda nevertheless works on a lot of people these days. As a result of his propaganda prohibition on cannabis began in 1937 and from that level forward far more and more propaganda was used to curb the minds of citizens.

Today, hemp is linked with marijuana and isn’t allowed to be grown basically due to the fact it comes from the identical plant as cannabis. The reality is cannabis could be the female cannabis plant whilst hemp could be the male hashish plant, and they aren’t connected at all. Hemp doesn’t include any THC, the chemical that gets folks high. Nevertheless as a result of conservative politicians these days, many people nonetheless ignore the worth of hemp as a pure source that could potentially solve our power and useful resource crisis.

Hemp Information and Facts

The Best Spinner by Article Marketing Robot

Related Hemp Articles

Trader's Buzzers – Earth Science (ETST), Cannabis (CBDS), VAPE (VAPE …

posted in: | 0

Trader's Buzzers – Earth Science (ETST), Cannabis (CBDS), VAPE (VAPE …
Earth Science Tech, Inc. (ETST) a unique biotechnology company focused on nutraceuticals, bioceuticals and dietary supplements announced that after many months of advanced product development with its Founders, Majorca Group Ltd., has successfully …
Read more on Techsonian (press release)

Cannabis Science Inc (OTCMKTS:CBIS) Coming Back
Cannabis Science Inc (OTCMKTS:CBIS) just made a reversal off its 52 week lows of $ 0.031. Everyone knows that CBIS was one of the original pot stocks that lit up the bb's and made spectacular gains for investors. Like many in the sector the Company has …
Read more on MicroCap Daily

International Cannabis Lovers Holiday 420 Connects with Earth Day to Re-Tool the Medical Marijuana Landscape

posted in: | 0


Oakland, CA (Vocus/PRWEB) April 17, 2011

The medicinal cannabis industry is undergoing an accelerated shift of perception at warp speed. With over 60,000 media articles published this year on the subject of ‘medical marijuana’ and ‘medical cannabis’ – the industry is experiencing unprecedented growth and interest. The 420 Holiday, Earth Day and the newly created Deep Green festival all give cause to reflect on the emerging medicinal cannabis and hemp industries that are sure to become a major factor in the upcoming 2012 elections. Deep Green celebrates how jobs, taxes, economics, health, the environment, ecology and medical cannabis are all inherently linked.

“The uses of medical cannabis are far more diverse than intoxication; and the medical cannabis community is composed of more than just party animals. Deep Green is a festival for the entire medical cannabis community to honor and celebrate the many ways medicinal cannabis enhances our wellness, spirituality, industry, and inspiration,” said Steve DeAngelo, ED Harborside Health Center.

DeAngelo, an ardent medicinal cannabis activist of 40 years and ED of the nation’s largest model dispensary Harborside Health Center in Oakland, California will be one of the featured speakers at Deep Green.

“The idea for Deep Green grew out of my concern for how the 420 Holiday has typically been portrayed with a parade of stereotypical stoner images, sensational six foot joints, clouds of smoke, and dreadlocked debauchery, and an unending focus on the most outrageous and alienating segments of the community,” said DeAngelo in a recent interview. “As a mature and responsible lover of medical cannabis, I envisioned a holistic celebration of the plant, highlighting the many real ways medical cannabis contributes to the health and wellness of individuals and community alike.”

This April 20th holiday is an opportunity to celebrate this extraordinary moment and rally to the cause. The 420 holiday was started in 1971 by a group in San Rafael, California that was looking for a way to enjoy the drug in a socially accepted way. Now it has come to be known as a time to connect, reflect and celebrate medical cannabis. This is a ritual that still holds a deep meaning to the medicinal cannabis culture. For those on the frontlines of medical cannabis – and in an effort to break widely perceived stigmas – it’s time to re-tool and reflect on some history making moments that have occurred in the industry in the last few years.


In October of 2009, the Attorney General Eric Holder states that the Justice Department will not prosecute and calls for review of marijuana cases on a case-by-case basis consistent with the state and local law enforcement authorities.

In November of 2009 The American Medical Association (AMA) issues a resolution that asks the Federal government to review the restrictions on medical marijuana in order to ease the way for more research.

In March of 2011 the first real market data of the medical cannabis industry’s economic power was released by See Change Media and the National Cannabis Industry Associations first lobbying day on Capitol Hill – citing domestic sales of medical marijuana to be 1.7 billion dollars.

As of 2011 there are 15 compassionate states and D.C. who have passed and are implementing their compassionate use legislation, with dozens of more states considering initiatives for their states future health and economies.

The time has come to celebrate the 420 Holiday responsibly by integrating holistic health, environment and the precepts of Earth Day into the conversation. It’s the dawning of a new age and the medical cannabis revolution is upon us.

The Deep Green festival is the first Earth Day celebration of medical cannabis, health and ecology will be held Saturday April 23rd at Craneway Pavilion in Richmond, California. The event will feature music, speakers, workshops and over 75 exhibits.

Details about Deep Green can be found at deepgreenfest.com. For more information on Harborside Health Center, please visit harborsidehealthcenter.com.

About Harborside Health Center

Harborside Health Center is the nation’s largest not-for-profit model medical cannabis dispensary in Oakland, California. Founded in 2005 by national cannabis leader Steve DeAngelo, Harborside has 70,000 registered patients. A landmark Bay Area medicinal cannabis facility, the center offers patients free holistic health services, lab tested medicine and education. ‘Out of the shadows and in to the light’ epitomizes DeAngelo’s mission to enlighten the public on the many medicinal and therapeutic benefits of the plant and actively works to empower the country to change its image of it.

# # #







Related Hemp Legislation Press Releases