Stelmine Canada Ltd. (TSX VENTURE:STH) announced the closing of an acquisition agreement. According to the agreement the company can acquire up to a 100% interest in 80 mining claims covering an area of 4,800 hectares divided into 5 blocks, located in the Wakefield Alkaline Complex north of Gatineau, Quebec.
The press release is quoted as saying:
Stelmine’s management is very pleased with this acquisition, which is consistent with the new rare earth development orientation that management wants to give the company.
