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Toyotsu Rare Earth Canada Gets Equity Stake in Kipawa Site
Nov. 02, 2012 04:15AM PST
Rare Earth InvestingThe International Business Times reported that a subsidiary of a subsidiary of Toyota-Tsusho Corp, Toyotsu Rare Earth Canada, has secured an equity stake of 49% undivided interest in the Kipawa HREE Deposit of Matamec Explorations. This move has come about after the supply chain from China was disrupted.
The International Business Times reported that a subsidiary of a subsidiary of Toyota-Tsusho Corp, Toyotsu Rare Earth Canada, has secured an equity stake of 49% undivided interest in the Kipawa HREE Deposit of Matamec Explorations. This move has come about after the supply chain from China was disrupted.
As quoted in the market report:
Matamec confirmed in an email that Toyota’s subsidiary had received a second payment of worth 1,119,776 CAD (USD 1.3 million) from its Japanese partner Toyotsu Rare Earth Canada Inc..
To view the whole International Business Times report, click here.