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Matamec Explorations Inc. (TSXV:MAT, OTCQX:MHREF) announced that they have received $774,000 CDN from its Japanese partner Toyotsu Rare Earth Canada Inc. to help fund the Kipawa mine project.
Matamec Explorations Inc. (TSXV:MAT, OTCQX:MHREF) announced that they have received $774,000 CDN from its Japanese partner Toyotsu Rare Earth Canada Inc. to help fund the Kipawa mine project.
As quoted in the press release:
To date Matamec has received $14,344,464 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:
The Kipawa mine project continues to advance as it completes the last stages of the feasibility study.
To view the whole press release, click here.
