Matamec Explorations Receives $1,100,558 from Toyotsu

Matamec Explorations Inc. (TSXV:MAT,OTCQX:MHREF) announced that they have received another $1,100,558 CDN from its Japanese partner Toyotsu Rare Earth Canada Inc. in support of the Kipawa mine.

As quoted in the press release:

To date Matamec has received $15,445,022 CDN of the maximum $16M CDN for the completion of a definitive feasibility study on the Kipawa HREE deposit, which is on budget and track for completion by the end of the second quarter of 2013.

Matamec’s President and CEO, Andre Gauthier, said:

Matamec’s team of professionals continue to deliver solid results as over 80% of the Kipawa feasibility study is near completion.

To view the whole press release, click here.