Pancontinental Uranium’s JV Partner Receives $1.2 Million Investment from New Board Member

Pancontinental Uranium Corporation (TSXV:PUC) announced that its JV partner, Crossland Strategic Metals Limited (ASX:CUX) has appointed a new member to the board,  Sia Hok Kiang, who will be making a common share investment of about $1.2 million.

As quoted in the press release:

Mr. Sia is Managing Director of the successful Malaysian private mining company, Malaco Mining Sdn. Bhd. He is a graduate of the University of Malaya in Applied Geology and an economic geologist with more than 30 years world-wide experience. He is an active member of the Malaysian Geological Society and a Council Member of the Malaysian Chamber of Mines.

Pancon President and CEO, Rick Mark, said:

This is a very positive development for our Charley Creek Heavy(HREE) and Critical(CREE) REE Project, located in the Northern Territory, Australia. Not only have Crossland confirmed a substantial investment to help move the project forward, they have added relevant experience and expertise in REE alluvial mining and marketing.

To view the whole press release, click here.