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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.