Mr Mark Saxon, President and CEO, announces that a first phase drilling program is now underway at the Company's Otanmäki rare earth element (REE) and niobium (Nb) project in Finland. The Otanmäki project lies in a historic mining district 450 km north of the capital Helsinki with excellent infrastructure including railway access within 2 km of [...]
Mr Mark Saxon, President & CEO, provides an update on the metallurgical research, drilling and environmental monitoring underway on the Norra Karr heavy rare earth element (REE) project. Norra Karr is the only NI43-101 compliant REE resource in mainland Europe. SGS Minerals Services of Canada are completing mineralogical characterization [...]
Mr Mark Saxon, President & CEO, announces the Company has filed a registration statement on Form 40-F with the United States Securities and Exchange Commission, pursuant to section 13 of the United States Securities Exchange Act of 1934. It is the Company's intention to seek listing of its common shares on a stock exchange in the United States [...]
Mr Mark Saxon, President and CEO, announces that a third phase drill program is now underway at the Company's 100% owned Norra Karr heavy rare earth element (REE) project. The project is located in southern Sweden, 300km SW of the capital Stockholm and lies in mixed farming and forestry land. The site is infrastructure rich, including a forest [...]
Mr Mark Saxon, President & CEO, announces the Company has received support and all necessary approvals from private landholders and government authorities to undertake a third phase of drilling at the Company's 100% owned Norra Karr heavy rare earth element (REE) project. An independent NI43-101 report was recently completed on Norra Karr by Mr [...]
Mr Mark Saxon, President & CEO, is pleased to announce the first NI 43-101 compliant independent resource estimate for the Company's 100% owned Norra Karr rare earth element (REE) - zirconium (Zr) project in Sweden. The resource estimate was prepared by Pincock Allen & Holt / Minarco-Mineconsult (both subsidiaries of Runge Ltd), who recommend that [...]
Mr Mark Saxon, President & CEO, announces that all documentation has been received and filing made with the TSX Venture Exchange to obtain final approval for closing of the second and last tranche of its non-brokered private placement financing announced on October 29, 2010 (the “Financing“). The Company will be issuing to one strategic [...]
Mr Mark Saxon, President & CEO, announces the closing of the first tranche of its non-brokered private placement financing announced on October 29, 2010 (the "Financing"). Pursuant to the closing, the Company has issued 3,333,334 units at a price of $1.50 per unit for total gross proceeds of $5,000,000. Each unit consists of one common share and [...]
Mr Mark Saxon, President & CEO, is pleased to announce the initiation of metallurgical testing on material from the Company's 100% owned Norra Karr heavy rare earth element (REE) - zirconium (Zr) project in Sweden. SGS Minerals Services of Canada have been contracted to undertake a program of advanced mineralogical characterization, concentrate [...]
Mr Mark Saxon, President & CEO, highlights recent statements from European trade and industry leaders regarding the impact of restrictions on rare earth element (REE) availability on European industry. Global REE trade is highly concentrated, with China currently supplying 97% of all REE's consumed. China controls REE availability to Western [...]
Mr Mark Saxon, President & CEO, announces the completion of a 1300 line km airborne magnetic and radiometric survey covering the Company's 100% owned Otanmäki rare earth element (REE) - niobium (Nb) project in central Finland. The survey was conducted by Precision GeoSurveys Inc of Vancouver, Canada, with flight line spacing a combination of 50 and [...]