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.

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

Click here to access Midland Exploration Corporate Site ^[2]