Great Western Minerals Group (GWMG) is exercising its right to acquire all the shares in its former joint-venture partner Rare Earth Extraction Co. (Rareco), having already acquired a 93.1% stake.
The two groups were jointly developing the Steenkampskraal rare earth mine in South Africa’s Western Cape.
“Moving to acquire 100% of Rareco furthers our company’s ability to execute its fast track schedule for the Steenkampskraal property,” said GWMG’s CEO Jim Engdahl....