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.

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.

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