Canada REE exploration continues
Published: Monday, 30 November 2009
Rare Element acquires property in Manitoba, while partners unveil results in BC
Rare Element Resources Ltd has agreed to acquire the Eden Lake REE in Manitoba from VMS Ventures Inc.
Rare Element will issue 300,000 common shares to VMS, with the latter keeping 3% of net smelter returns, with the option of increasing it to 50% for $1.5m.