REE International, Inc. just announced that Tom Mackay has been named CEO, effective immediately. Mr. Mackay joins the company with executive leadership experience as well as expertise in the South American mining industry.
Mr. Mackay founded Mackay Construction and grew the business into a multi-million dollar revenue producer. Following his successes in business, he acquired properties in Venezuela, Brazil, Bolivia, Guyana, and several other South America countries. Mr. Mackay has accumulated extensive experience in dealing with government authorities throughout South America. In addition to the full development of REE International’s Venezuela property, Mackay’s business plan includes acquiring additional properties throughout South America and using these properties to mine tantalum and niobium for distribution throughout the U.S. and China.
“This is a great time to be involved in the mining and exploration of rare earths,” Mr. Mackay stated. “As a result of the passing of the Conflict Minerals Law and China recently cutting the exportation of rare earth minerals by up to 35% this year, there is going to be a huge shortage of these important minerals. Our government has already acknowledged the issues with relying on China for rare earths and is placing great emphasis on finding alternative suppliers. Initially, our primary focus will be on producing tantalum and niobium due to the high demand for these minerals. With a solid plan in place, REE International is well positioned to capitalize on the great exploration opportunities ahead.”
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