Colorado Rare Earths, Inc. (CALY) to Buy U.S. Rare Earths
Colorado Rare Earths, Inc. is a mineral claims acquisition company. It currently focuses on rare earth elements and owns a 100 percent interest in a group of Colorado, Idaho and Montana mineral claims. These claims include the Iron Hill Property located in Gunnison County, Colorado; the Wet Mountains Property located in Freemont and Custer Counties, Colorado; and the Lemhi Pass District Property located in Idaho and Montana. The company today announced that it has entered into an agreement to acquire U.S. Rare Earths, a Salt Lake City, Utah-based privately-held rare earths exploration company. This company's properties include Diamond Creek in…