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Valencia Announces Right to Acquire Global Rare Earth Project Portfolio
May. 25, 2010 12:22PM PST
Rare Earth InvestingValencia Ventures Inc. (TSX VENTURE:VVI) reported that the company has entered into three assumption agreements with a private Ontario company to acquire three sets of property claim blocks: the Diana Project in Northern Quebec; the Carb Lake, Schryburt Lake and Lawashi River properties in Ontario; and the Sao Gotardo project in Brazil.
Valencia Ventures Inc. (TSX VENTURE:VVI) reported that the company has entered into three assumption agreements with a private Ontario company to acquire three sets of property claim blocks: the Diana Project in Northern Quebec; the Carb Lake, Schryburt Lake and Lawashi River properties in Ontario; and the Sao Gotardo project in Brazil.
The press release is quoted as saying:
The Company believes that the Ontario Properties, namely Carb Lake, Schryburt Lake and Lawashi River, may be prospective for rare earth elements (REE), niobium and phosphate mineralization.
Click here to access the entire press release