Zimtu Announces REE Property Transaction

Zimtu Capital Corp. (TSXV:ZC,FRA:ZCT1) announced it has agreed that Electric Metals Inc. (TSXV:EMI) will acquire eight rare earth properties in Quebec.

The press release is quoted as saying:

Of the eight claim blocks that comprise the Abitibi Claims, at the Ailly complex, approximately 10 kilometres south of Montviel, historical drilling has intersected carbonatite similar to that which hosts REE mineralization at Montviel, but which was not assayed for REE.

To read the full press release, click here.