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Rep. Mike Coffman's RESTART Act of 2010 Supported by U.S. Rare Earths, Inc.

The legislation, The Supply-Chain Technology and Resource Transformation (RESTART) Act of 2010, H.R. 4866, is critical to the United States' rare earth supply for elements that are essential to wind turbines, hybrid-electric batteries, computer hard drives and U.S. defense systems, such as precision-guided munitions.

Read the actual text of the Coffman bill: http://coffman.house.gov/images/stories/hr4866.pdf

China now provides over 97% of the world's rare earths and is considering a plan to curtail exports, thereby effectively controlling or dominating manufacturing. This will result in a devastating loss of U.S. green jobs in our developing green industries. Coffman's legislation is designed to avert this potential catastrophe.

U.S. Rare Earths, Inc. holds a major United States Geological Survey (USGS) validated deposit of rare earths in Diamond Creek, Idaho, and in the Lemhi Pass of Montana. A recently published USGS report reconfirmed these reserves as significant U.S. deposits.

Comprehensive information on the U.S. Rare Earths, Inc. holdings can be found on their website: www.usrareearths.com.

"USMMA believes that urgent and collective action is needed by the federal government in order to head off the impending rare earth crisis," stated a recent USMMA press release. "It is estimated that Chinese domestic consumption of rare earth materials will outpace Chinese domestic supply as early as 2012. With a 3-5 year timeline to reestablish a domestic rare earth supply chain, the United States is already in a 'silent crisis.' It is unclear whether rare earth material will be available outside China in the coming years."

About USMMA

USMMA was founded in 2006 by magnet manufacturers Thomas & Skinner, Inc. of Indianapolis, Ind.; Hoosier Magnetics of Ogdensburg, N.Y.; and Electron Energy Corporation of Landisville, Pa., to advocate on behalf of the specialty metals clause found at 10 U.S.C. 2533b. U.S. Rare Earths, Inc. joined in 2009 to expand the group's focus to support the reintroduction of a competitive rare earth supply chain in the United States. More information on the USMMA can be found at http://www.usmagnetmaterials.com.

U.S. Rare Earths, Inc.
Patrick Kennedy, 254-559-6464
kennedy@usrareearths.com
or
Stern & Co.
Stephanie Stern
Office: 212-888-0044
Cell: 917-514-1165
sstern@sternco.com