Rare Earth Metals Inc. (TSX VENTURE:RA) reported that the company has entered into two binding option agreements in the Red Wine/Letitia Lake area of Central Labrador.

The press release is quoted as saying:

Rare Earth Metals is a well funded company with a focus on exploring for Rare Earth Element deposits. The company presently has three advanced projects in Ontario and Newfoundland and Labrador, all exhibiting multi element potential (REEs, Niobium, Beryllium and Iron Ore) and proximity to available infrastructure. Its flagship property is the Clay-Howells which is presently the focus of a 10,000 meter drill program.

Click here to access the entire press release ^[1]

Click here to access Rare Earth Metals Corporate Site ^[2]