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

- August 11th, 2010

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

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.

Click here to access the entire press release

Click here to access Great Western Minerals Group Ltd. Corporate Site

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