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Matamec Gets $1.041M from Toyotsu, Gives Kipawa Mine Update

Investing News Network
Mar. 19, 2013 05:19PM PST
Battery Metals Investing

Matamec Explorations Inc. (TSXV:MAT, OTCQX:MHREF) announced that it has obtained $1.041M CDN from Toyotsu Rare Earth Canada, its partner from Japan. Moreover, metallurgical development in its Kipawa mine has also progressed and extensive lab testing has been conducted.

Matamec Explorations Inc. (TSXV:MAT, OTCQX:MHREF) announced that it has obtained $1.041M CDN from Toyotsu Rare Earth Canada, its partner from Japan. Moreover, metallurgical development in its Kipawa mine has also progressed and extensive lab testing has been conducted.

As quoted in the press release:

The goal of the Kipawa mine project is to supply Toyota with heavy rare earths (“HREE”) for the production and marketing of hybrid and electric vehicles.

Click here to read the full Matamec Explorations Inc. (TSXV:MAT, OTCQX:MHREF) press release.

canada matamec-explorations tsxv-mat otcqx-mhref
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