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    market news

    Toyota Tsusho and Matamec Move Closer to JV Agreement

    Investing News Network
    Mar. 12, 2012 11:32AM PST
    Rare Earth Investing

    Mineweb reported that Toyota Tshusho (TSE:8015) and Matamec (TSXV:MAT) are getting closer to a joint venture regarding the Quebec-based Kipawa project.

    Mineweb reported that Toyota Tshusho (TSE:8015) and Matamec (TSXV:MAT) are getting closer to a joint venture regarding the Quebec-based Kipawa project.

    As quoted in the market news:

    In a Monday update Matamec said both parties agreed they would consider the MOU binding as of February 28, 2012. Matamec also said it had received C$1.5 million from Toyota as part of agreed amount for re-imbursement of certain Kipawa project costs it has incurred since December.

    Click here to read the full Mineweb report.

    market newstsxv:matjoint venture
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