MAT.V: Holmium, A Heavy Rare Earth Element Found in Matamec’s Kipawa Deposit is Essential to New Storage Technology

I thought you’d be interested in this breakthrough finding in the REE space. Our client Matamec Explorations (MAT.V) has Holmium (Ho) present in their Kipawa Deposit and hopes to benefit from this discovery. IBM confirms the ability of Holmium to store 1000x more data than today’s hard disk drives and solid state memory chips. One atom of Holmium has the ability to store one bit of data. This means an entire computer’s hard drive could possibly be stored in a piece of jewelry! The Company expects an increased demand for Holmium in the coming years as a result of these groundbreaking applications. Please read the press release here.