Great Western Minerals Group Signs Agreement to Purchase 100% of Rare Earths Production From Steenkampskraal Mine

Great Western Minerals Group Ltd. (TSXV:GWG) announced that it has signed an off-take agreement with Rare Earth Extraction Co. Limited of Stellenbosch, South Africa.

The press release is quoted as saying:

Under the terms of the Agreement, RareCo has agreed to sell and deliver, and GWMG has agreed to purchase, 100% (one hundred percent) of the Rare Earth Products produced by RareCo and its subsidiaries (the “RareCo Group”) from ore mined at RareCo’s Steenkampskraal Mine. In addition, GWMG can purchase 100% of Rare Earths mined or obtained by the RareCo Group from any other source of Rare Earth products that is owned, controlled and/or acquired by the RareCo Group, subject to the terms and conditions set out in the Agreement.

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