Pele Mountain Resources Inc. (CVE:GEM) reports the arrival of two drill rigs and begins a 7,000-metre drill program at its Eco Ridge Mine rare earths and uranium project at Elliot Lake, Ontario.
Merriman Capital, Inc. (NASDAQ:MERR) reports that it will serve as the Principal American Liaison for Pele Mountain Resources Inc. (CVE:GEM,OTC:GOLDF) as it commences trading on OTCQX®.
Reuters reports that in 2009 Australia’s Foreign Investment Review Board blocked China’s attempt gain control of the world’s biggest rare earth deposit.
Reuters reports investors are getting picky with the rare earth sector.
Seymour Ventures Corp.(CVE:SEY) is pleased to announce that it has now signed the Definitive Share Exchange Agreement to acquire 100 per cent of the issued and outstanding shares of Rare Earth Industries Ltd. (formerly REE Mining Corp.).
Kirrin Resources Inc. (CVE:KYM) reports that it has initiated a 1,500 metre drill program at its Lost Pond uranium project, Western Newfoundland.
Kirrin Resources Inc. (CVE:KYM) reports further plans for financing exploration on its portfolio of rare earth element and uranium properties.
Over the past two weeks, lawmakers in Washington have debated resurrecting a domestic supply-chain for rare earths and creating a national stockpile for the family of elements in response to China’s monopoly over the minerals.
Tuesday, May 24, 2011