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Matamec Explorations Inc. (TSXV:MAT,OTCQX:MHREF) announced that it has signed a Termination and Release Agreement with Toyotsu Rare Earth Inc. (TRECan) regarding the Kipawa heavy rare earths deposit.

Matamec Explorations Inc. (TSXV:MAT,OTCQX:MHREF) announced that it has signed a Termination and Release Agreement with Toyotsu Rare Earth Inc. (TRECan) regarding the Kipawa heavy rare earths deposit.

As quoted in the press release:

Upon signing this agreement, Matamec will pay CAD$280,000 to TRECan and TRECan will convert its 49% interest in the HREE Kipawa Deposit into a 10% NPI Royalty. Now, Matamec will own 100% interest of the HREE Kipawa Deposit.

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

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