Valencia Announces Right to Acquire Global Rare Earth Project Portfolio
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.
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.