TORONTO, ONTARIO -- (Marketwire) -- 05/15/12 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") announced today that it has closed the first of two previously announced (April 17, 2012) agreements relating to the sale of its Highland Gold projects ("Highland" or the "Project") to a wholly-owned subsidiary [...]
TORONTO, ONTARIO -- (Marketwire) -- 04/17/12 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") announced today that it has entered into a binding agreement to sell its Highland Gold projects ("Highland" or the "Project") to a wholly-owned subsidiary of Prodigy Gold Inc. (TSX VENTURE: PDG) ("Prodigy") for [...]
Pele Mountain today announced results of an updated NI 43-101 Preliminary Economic Assessment on its Eco Ridge Mine Rare Earths and Uranium Project. The PEA was prepared by Roscoe Postle Associates and demonstrates that Eco Ridge has excellent potential to become a profitable producer of rare earths and U3O8. Since publication of its previous PEA [...]
Pele Mountain Resources Inc. today announced that it has entered into a binding Purchase and Sale Agreement to purchase 11 contiguous mining claims, which are surrounded by Molycorp's Mountain Pass rare earth property in south-eastern California. The seller of the Simon Rare Earth Claims is a company owned by the family of Peter Simon II, the son [...]
Pele Mountain Resources Inc. today provided an update on its Eco Ridge Mine Rare Earths and Uranium Project in Elliot Lake, Ontario. Pele reports significant progress toward the completion of its updated Preliminary Economic Assessment ('PEA'), which will feature an updated resource estimate and an all-new processing circuit designed to optimize [...]
TORONTO, ONTARIO -- (Marketwire) -- 12/30/11 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ('Pele' or the 'Company') announced that earlier today it granted 1,825,000 incentive stock options to members of management of the Company (the 'Management Options'). The Management Options are exercisable at $0.17 per share and expire
TORONTO, ONTARIO -- (Marketwire) -- 12/21/11 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ('Pele' or the 'Company') is pleased to announce that it has closed a private placement offering (the 'Offering') comprised of 15,012,500 flow-through units (the 'Units') at a price of $0.16 each for gross proceeds of $2,402,000, with
TORONTO, ONTARIO -- (Marketwire) -- 12/08/11 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ('Pele' or the 'Company') announced today that Mr. Paul Andersen CA, CPA, has been appointed Chief Financial Officer and Vice President, Finance of the Company. Mr. Paul Andersen is the managing partner of Forbes Andersen LLP, Chartered
TORONTO, ONTARIO -- (Marketwire) -- 11/23/11 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ('Pele' or the 'Company') today announced that processing design improvements have resulted in sharply higher recoveries of critical rare earth oxides ('REO'), including neodymium, dysprosium and yttrium oxides, (Pele's 'Big 3 REO') at
Video with caption: 'Pele Mountain President discusses New Rare Earths discovery at Eco Ridge Mine Project.'. Video available at: http://youtu.be/4vhMrzo8xe4
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