Midland Exploration Inc. (TSX VENTURE:MD)reported the signing of a Memorandum of Agreement with Japan Oil, Gas and Metals National Corporation for its Ytterby rare earth elements project.
The press release is quoted as saying:
The Strange Lake Area may emerge as a world class future source of rare earth metals. Recent geochemical analysis show the area having a high percentage of the expensive heavy rare earth elements (europium to lutetium, a series of 9 elements in the periodic table) for which the world demand should increase with the emerging green technologies like hybrid and electric vehicles, energy efficient lighting and wind power.
