Tasman Metals (TSXV:TSM) popped 7.04 percent on the Toronto Venture Exchange Tuesday after the company announced its Norra Karr heavy REE project in Sweden was granted a 25-year lease.
Rare Earth Company News Directory
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) appointed Peter Crossgrove, Pascal Decary, and Claude Lamoureux to its Board of Directors, effective immediately.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) filed its first quarter results and resolved the dispute with its principal supplier involved in the construction of its HPA plant in Quebec. First quarter highlights include cash and short-term investments of $20.2 million and cash flows from operating activities of $1.0 million.
Matamec Explorations Inc. (TSXV:MAT,OTCQX:MHREF) announced that they have received another $1,100,558 CDN from its Japanese partner Toyotsu Rare Earth Canada Inc. in support of the Kipawa mine.
TUC Resources Ltd (ASX:TUC) announced that they have received permission for exploration to commence on ELA27151, which contains the Skyfall and Largo HREE Prospects.
IBC Advanced Alloys Corp. (TSXV:IB,OTCQX:IAALF) closed the second trache of its brokered private placement for gross proceeds of $69,228. The Company issued 576,900 units at a price of $0.12 per unit, and has issued 16,666,664 common shares in connection with this private placement. IBC Advanced Alloys has raised aggregate gross proceeds of $2,000,000.
Orbite Aluminae Inc. (TSX:ORT,OTCQX:EORBF) announced that Convertible Debentures issued in December 2012, will begin trading today.
GéoMégA Resources Inc. (TSXV:GMA) announced that they have received a $750,000 bridge loan from SIDEX, Limited Partnership.
Mining Weekly reported that Molycorp reported a $50.1 million quarterly loss, blaming higher costs. As quoted in the Mining Weekly report:
The Maravi Post reported that a Malawian High Court has lifted a ban that had prevented Spring Stone Limited from exploration activity on Mulanje Mountain