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American Video Teleconferencing Corp. (OTCPK:AVOT)
American Video Teleconferencing Corp. (Pink Sheets:AVOT) is pleased to announce that it is presently in final discussions to enter into a formal agreement to acquire an exclusive option on a molybdenum property in the Otter lake area in the province of Quebec, Canada. The property has been dormant since the 1960’s when Hupon Mining and Exploration carried out surface work, stripping, trenching and a minor drill program of 445 feet contained in 11 drill holes. Some of the sample results from the trenching in 1962 showed 0.94% to 25% molybdenum averaging 5-10%. These values were obtained from assessment files in the Department of Mines in Quebec City.
This property is only one of several advanced stage properties the company has under consideration in the province of Quebec.
China has been one of the main supplier to the US of the Earth’s rare mineral supplies, with these rare minerals American manufacturers are able to make high-tech products such as cell phones, wind turbines, and guided missiles but all that might come to a screeching halt now that China has stopped supplying the material, the New York Times has reported.
In the wake of China’s decision America now must look for other sources, that will be more reliable for our future needs, and American Video Teleconferencing Corp. (OTCPK:AVOT) may just be the new source, here’s why.
American Video believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. It is currently looking for these Rare Earths Minerals in Canada, the US’s Northern neighbor.
A table listing the seventeen rare earth elements:
Scandium, a rare earth element named from Latin Scandia (Scandinavia), is used for Light Aluminium-scandium alloy for aerospace components, and additive in Mercury-vapor lamps.
Yttrium, a rare earth element named for the village of Ytterby, Sweden, is used in Yttrium-aluminum garnet (YAG) laser, YBCO high-temperature superconductors, and yttrium iron garnet (YIG) microwave filters.
La Lanthanum, a rare earth element from the Greek “lanthanein”, is used in High refractive index glass, flint, hydrogen storage, battery-electrodes, camera lenses, and fluid catalytic cracking catalyst for oil refineries.
Cerium, a rare earth element namedfor the dwarf planet Ceres, is aChemical oxidizing agent, polishing powder, yellow colors in glass and ceramics, catalyst for self-cleaning ovens, and fluid catalytic cracking catalyst for oil refineries.
Praseodymium, a rare earth element named from the Greek “prasios”, is used in Rare-earth magnets, lasers, core material for carbon arc lighting, colourant in glasses and enamels, additive in Didymium glass used in welding goggles, and ferrocerium firesteel (flint) products.
Neodymium, a rare earth element named from the Greek “neos”, meaning new, and “didymos”, meaning twin, used for Rare-earth magnets, lasers, violet colors in glass and ceramics, and ceramic capacitors.
Promethium, a rare earth element named for the Titan Prometheus, used to make Nuclear batteries.
Samarium, a rare earth element named for Vasili Samarsky-Bykhovets, used to make Rare-earth magnets, lasers, neutron capture, and masers.
Europium, a rare earth element named for the continent of Europe, used in Red and blue phosphors, lasers, mercury-vapor lamps, and NMR relaxation agent.
Gadolinium, a rare earth element named for Johan Gadolin (1760–1852), to honor his investigation of rare earths, is used to make Rare-earth magnets, high refractive index glass or garnets, lasers, x-ray tubes, computer memories, neutron capture, MRI contrast agent, and NMR relaxation agent.
Terbium, a rare earth element named for the village of Ytterby, Sweden, makes Green phosphors, lasers, and fluorescent lamps.
Dysprosium, a rare earth element named from the Greek “dysprositos”, is in Rare-earth magnets and lasers.
Holmium, a rare earth element named for Stockholm (in Latin, “Holmia”), is an element in Lasers.
Erbium, a rare earth element named for the village of Ytterby, Sweden, used in Lasers and vanadium steel.
Thulium is a rare earth element named for the mythological northern land of Thule, and used to make Portable X-ray machines.
Ytterbium is a rare earth element named for the village of Ytterby, Sweden as well as to make Infrared lasers, and chemical reducing agent.
Lutetium, a rare earth element named for Lutetia (the city which later became Paris), and is in PET Scan detectors and high refractive index glass.
Majestic Gold Corp. (TSX-V:MJS) (FSE:MJT) is pleased to announce the results of an updated resource estimate on its Song Jiagou Mine.
As part of the ongoing assessment on the Song Jiagou Mine, Wardrop Engineering Inc. (”Wardrop”) has revised their previous resource estimate (NR 23 April, 2010) as a result of the revision to the contract mining costs (NR 30 September 2010) which allowed cut-off grades to be reduced from 0.40 g/t to 0.30 g/t and warranted a revision of the block model.
Subsequent to the initial resource estimate, Wardrop determined that rotating the block model perpendicular to drilling direction was the most favorable orientation to evaluate the deposit and to calculate the revised resource. The new cut-off grade and the re-orientation of the model significantly increased the overall size of the resource and the contained ounces of gold in both the inferred and indicated categories.
Stone Harbor Emerging Markets Income Fund (NYSE: EDF) declared its first three monthly distributions of $0.18 per common share per month. Based on the Fund’s initial public offering price of $25.00 per share, the distribution represents an annualized distribution rate of 8.64%.
The GEO Group, Inc. (NYSE:GEO) announced the pricing of its offering of senior unsecured notes due 2021 (the “Notes”). The Notes will be issued at a coupon rate and yield to maturity of 6.625%. The size of the offering was increased to $300,000,000 aggregate principal from the previously announced $250,000,000 aggregate principal. The sale of the Notes, which is subject to customary closing conditions, is expected to be completed on February 10, 2011.
The GEO Group, Inc. provides government-outsourced services specializing in the management of correctional, detention, and mental health and residential treatment facilities in the United States, Australia, South Africa, and the United Kingdom.
Kayne Anderson Midstream Energy Fund, Inc Common Stock (NYSE: KMF) provided a summary unaudited balance sheet and announced its net asset value as January 31, 2011.As of January 31, 2011, the Fund’s net assets were $534 million and its net asset value per share was $25.05. As of January 31, 2011, equity and debt investments were 82% and 18%, respectively, of the Fund’s long-term investments of $551 million. Long-term investments were comprised of MLPs (23%), Midstream Companies (49%), Other Energy (7%), Other (3%) and Debt (18%).
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