Matamec Explorations Receives $565,769 from Toyotsu Rare Earth Canada for Kipawa

Matamec Explorations Inc. (TSXV:MAT,OTCQX:MHREF) announced that they received $565,769 CDN from its Japanese partner Toyotsu Rare Earth Canada Inc.

As quoted in the press release:

The Company has received $16,000,817 CDN toward the completion of a definitive feasibility study on the Kipawa HREE deposit. This amount includes $163,660 paid by TTC for lab test work. Matamec has managed to stay on budget for the completion of the feasibility study and will communicate the results on Wednesday, September 4th.

To view the whole press release, click here.