Great Western Minerals Group Ltd. (CVE:GWG) reports that the company has completed the purchase of 92.6% of the shares of Rare Earth Extraction Co. Limited.
The press release is quoted as saying:
Great Western Minerals Group Ltd. is an integrated Rare Earths processor. Its specialty alloys are used in the battery, magnet and aerospace industries. Produced at the Company’s wholly owned subsidiaries Less Common Metals Limited in Birkenhead, U.K. and Great Western Technologies Inc. in Troy, Michigan, these alloys contain aluminium, nickel, cobalt and Rare Earth Elements.