• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Rare Earth Market
    Rare Earth News
    Rare Earth Stocks
    • Rare Earth Market
    • Rare Earth News
    • Rare Earth Stocks

    Toyotsu Rare Earth Pays $8.5 M to Matamec For Kipawa HREE Deposit

    Investing News Network
    Jul. 23, 2012 08:06PM PST
    Rare Earth Investing

    Matamec Explorations Inc. (TSXV:MAT) received a 25% payment, $8.5 million, from Toyotsu Rare Earth Canada Inc for the purchase of undivided interest in the Kipawa HREE deposit.

    Matamec Explorations Inc. (TSXV:MAT) received a 25% payment, $8.5 million, from Toyotsu Rare Earth Canada Inc for the purchase of undivided interest in the Kipawa HREE deposit.

    As quoted in the press release:

    The payment enables the ongoing feasibility study on the Kipawa HREE Deposit to be accelerated with the results expected in the second quarter of 2013.

    Andre Gauthier, president of Matamec, commented:

    Matamec is the first rare earth exploration company to sign a JVA with a reputable and experienced end-user company with a substantive international rare earth network. It is also the only rare earth exploration company to have received funds to accelerate and complete a feasibility study and an environmental and social impact assessment study of a HREE deposit. Having TRECan as a strategic partner and providing funds and expertise further validates the possibility of a future Kipawa Mine. It also shows that the project is, at the moment, one of the most advanced and credible HREE projects in the market.

    Click here to read the full press release. 

    tsxv:matmatamec explorationscanada
    The Conversation (0)

    Go Deeper

    AI Powered
    Drill Program Set to Resume at Golden Goliath’s Kwai Project, Red Lake, Ontario

    Drill Program Set to Resume at Golden Goliath’s Kwai Project, Red Lake, Ontario

    Exploration Update: Noble Minerals Acquires a Critical and Strategic Mineral  Prospect North of Hearst, Ontario

    Exploration Update: Noble Minerals Acquires a Critical and Strategic Mineral Prospect North of Hearst, Ontario

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×