Matamec Explorations Inc.

Published : June 25th, 2016

From Gold to Rare Earths - Matamec provides an ...

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Beryllium |

From Gold to Rare Earths - Matamec provides an update to the Kipawa Rare Earths Joint Venture Project

Montreal, June 20, 2016 - Matamec Explorations Inc. (« Matamec » or the « Company ») (TSX-V: MAT, OTC-QX: MHREF) is very pleased to announce that its 2015-2017 objectives are being achieved as planned for the Kipawa rare earths joint venture project ('the JV'), of which 72% is owned by Matamec. At the formation of the JV in January 2015, the joint venture held funds of $ 4M CAD. As of March 31st 2016, the JV has invested $1,970,000 CAD in reaching the objectives. The joint venture plans to invest the remaining $2,030,000 CAD over the next year in pursuit of its 2015-2017 objectives.

In the context of sustainable development, the success of the Kipawa rare earth project is contingent upon the completion of the following four undertakings: developing a technically robust metallurgical process flowsheet; achieving economic viability for the project; reaching environmental objectives; and obtaining social acceptability. The 2015-2017 objectives were established accordingly as follows:

1- Optimize metallurgical flowsheet;

2- Demonstrate the recovery of rare earths from silicate minerals on an industrial scale (potentially the first to do so in the world);

3- Evaluate opportunities to reduce the environmental footprint of the project;

4- Update Feasibility Study, previously published in October 2013;

5- Continue the social acceptance process with indigenous communities and local populations involved in the project;

6- Continue discussions with strategic financial and industrial partners.

For further information, we invite you to consult the various management reports that Matamec has filed with SEDAR for the Kipawa rare earth Joint Venture project, as well as the information that has been and will continue to be posted on Matamec's website.

About Matamec

Matamec Explorations Inc. is a junior mining exploration company whose main focus is in developing the Kipawa HREE JV deposit owned at 72% by the Company and 28% by Ressources Québec (acting as agent of the Government of Québec); Toyota Tsusho Corp. (Nagoya, Japan) holds a 10% royalty on net profit in the deposit. Furthermore, the Company is exploring more than 35 km of strike length in the Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property.

The Company is also exploring for gold, base metals and platinum group metals. Its gold portfolio includes the Hoyle-Matheson Royalties, Matheson JV and Pelangio properties located along strike and in close proximity to the Hoyle Pond Mine in the prolific gold mining camp of Timmins, Ontario. The Company holds a 50% undivided interest in the Matheson JV, with International Explorers and Prospectors inc. holding the remaining 50% undivided interest. The Company is the operator of the MJV. MJV property consists of 60 mining titles. In addition, the Company holds a 1% NSR royalty in the Montclerg Property located 48 km northeast of Timmins along the Pipestone Fault.

In Québec, the Company is exploring for strategic metals such as lithium, tantalum and beryllium on its Tansim property and for precious and base metals on its Sakami, Valmont and Vulcain properties.

In August 2013, Matamec signed an option agreement where Canada Strategic Metals ('CSM') can acquire an interest of up to 50% in the Sakami gold project, located in the James Bay region of northern Quebec, by committing CAD$2.25 million in exploration work within 3 years. Today, CSM has spent around CAD$1,600,000, with $695,000 remaining to be spent before August 16, 2016. One of the four areas explored for gold on the Sakami property, the La Pointe zone, shows evidence of significant gold potential, as reported in the last press release dated April 4, 2016.

This news release contains 'forward-looking information' within the meaning of Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as 'scheduled', 'anticipates', 'expects' or 'does not expect', 'pursue', 'targeted', or 'believes', or variations of such words and phrases that state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Although Matamec has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to, those risk factors set out in the Company's year-end Management Discussion and Analysis dated December 31, 2014 and other disclosure documents available under the Company's profile at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and Matamec disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

André Gauthier, President

Tel: (514) 844-5252

Email: [email protected]

Read the rest of the article at www.publicnow.com
Data and Statistics for these countries : Canada | Japan | All
Gold and Silver Prices for these countries : Canada | Japan | All

Matamec Explorations Inc.

EXPLORATION STAGE
CODE : MAT.V
ISIN : CA5765411064
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Matamec Expl. is a gold and copper development stage company based in Canada.

Matamec Expl. holds various exploration projects in Canada.

Its main exploration properties are WACHIGABAU, ZEUS PROPERTY, SAKAMI, MATHESON and LA GRANDE EST in Canada.

Matamec Expl. is listed in Canada and in United States of America. Its market capitalisation is CA$ 3.4 millions as of today (US$ 2.6 millions, € 2.2 millions).

Its stock quote reached its highest recent level on January 15, 1999 at CA$ 4.80, and its lowest recent point on June 21, 2018 at CA$ 0.02.

Matamec Expl. has 136 966 852 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Matamec Explorations Inc.
2008 Annual Report
Nominations of Matamec Explorations Inc.
4/16/2013Announces Appointment of Leading Expert of Rare Earths as Di...
3/8/2011Mr. Sean Roosen Nominated as President of the Strategic Advi...
Financials of Matamec Explorations Inc.
5/30/2013Reports First Quarter 2013 Financial Results
5/2/2013Reports 2012 Year End Financial Results
Project news of Matamec Explorations Inc.
6/29/2016Canada Strategic Metals starts summer exploration program at...
8/19/2013(Sakami)and Canada Strategic Metals Announce Agreement for Sakami Go...
4/13/2011(Kipawa Hreo-y-zr)Intersects 1.04% ZrO2 Over 73.3 Metres on its Kipawa HREO-Y-...
4/8/2011(Kipawa Hreo-y-zr)3D Animation Featuring 2010 Resources at the Kipawa HREE-Y-Z...
3/25/2011(Kipawa Hreo-y-zr)Intersects 0.73% TREO (40% HREO+Y2O3) Over 18.8 Metres on it...
2/24/2011(Kipawa Hreo-y-zr)Intersects 0.89% TREO Over 21.5 Metres on its Kipawa HREO-Y-...
2/17/2011(Kipawa Hreo-y-zr)Intersects 1.22% TREO Over 28.8 Metres on its Kipawa HREO-Y-...
2/10/2011(Kipawa Hreo-y-zr)Successfully Completes its 3,300m Definition Drilling Campai...
1/27/2011(Kipawa Hreo-y-zr)Intersects 1.45% TREO Over 21 Metres on its Kipawa HREO-Y-Zr...
Corporate news of Matamec Explorations Inc.
8/19/2016Matamec Announces that Canada Strategic Metals Has Acquired ...
7/8/2016The Sakami Summer Exploration Program Launches Amidst a Rush...
6/25/2016From Gold to Rare Earths - Matamec provides an update to the...
4/25/2016REGIONAL SETTING OF THE SAKAMI GOLD PROPERTY
4/19/2016Matamec Highlights the Gold Potential of the Hoyle-Matheson ...
4/5/2016Sakami’s La Pointe Zone Reveals Additional Gold Potential
12/22/2015Matamec Signs an Agreement with Glencore and Goldcorp on Hoy...
12/21/2015IIROC Trading Resumption - MAT
12/21/2015Matamec Signs an Agreement with Glencore and Goldcorp on Hoy...
12/18/2015IIROC Trading Halt - MAT
8/31/2015Matamec Grants Stock Options
8/31/2015Mr. François Biron joined the Board of Directors
8/28/2015Mr. Francois Biron Joins the Board of Directors
8/28/2015Matamec Grants Stock Options
3/2/2015Pierre Leblanc Joins Matamec's Board of Directors
2/21/2015Matamec Files Modified of the Annual Consolidated Financial ...
1/27/2015IIROC Trading Resumption - MAT
1/27/2015Matamec Announces the Creation of a Joint Venture with Resso...
1/26/2015IIROC Trading Halt - MAT
12/23/2014Matamec Explorations Inc.: Restatement of Financial Statemen...
11/11/2014Resignation of a Director
11/7/2014Matamec Explorations Inc.: Resignation of a Director
10/3/2014IIROC Trading Resumption - MAT
10/3/2014Matamec Announces a First Investment of $1,000,000 With Ress...
10/3/2014IIROC Trading Halt - MAT
9/19/2014Mr. David Guerette Joins Matamec's Board of Directors
9/19/2014IIROC Trading Resumption - MAT
9/19/2014Matamec Gives an Update on the Investment Project of $4 Mill...
9/19/2014Matamec Signs a Termination and Release Agreement with TRECa...
9/19/2014IIROC Trading Halt - MAT
4/17/2014Mr. Christophe Romary Joined Matamec as Business Development...
4/2/2014IIROC Trading Resumption - MAT
4/2/2014Matamec Announces an Investment of $4 Million by Resources Q...
4/2/2014IIROC Trading Halt - MAT
10/30/2013Announces Upcoming Participation at Asian Conferences
10/21/2013Files NI 43-101 Technical Report for the Kipawa JV Heavy Rar...
10/9/2013Presents a Study on Local and Regional Economic Benefits of ...
9/24/2013Announces Update on Kipawa JV Heavy Rare Earth Project
9/4/2013Announces Results of Positive Feasibility Study for Kipawa J...
8/8/2013Receives $565,769 from TRECan for Completion of Kipawa Feasi...
7/29/2013Announces Notice of Kipawa JV Feasibility Study Results Anal...
7/3/2013Announces Annual and Special Meeting Results
7/3/2013Announces Annual and Special Meeting Results
7/3/2013Announces Annual and Special Meeting Results
6/25/2013Announces Completion of Kipawa Feasibility Study Work
5/16/2013Receives $1.1 Million from Toyotsu
4/25/2013(Zeus Property)Announces the Discovery of Three New Showings on the Zeus Pr...
4/11/2013Receives $774,000 from Toyotsu
3/19/2013Receives $1.041 Million from Toyotsu and Provides Update for...
2/19/2013Toyotsu Pays $1.04 Million to Matamec for Continued Executio...
1/17/2013Appoints Director, Investor Relations and Announces Upcoming...
1/10/2013Toyotsu Pays $1.6 Million to Matamec for Continued Execution...
10/30/2012Drills Rare Earth Mineralization 2.7km South of the Kipawa D...
10/22/2012to Host an Analyst Day October 30, 2012
10/22/2012to Host an Analyst Day October 30, 2012
10/22/2012to Host an Analyst Day October 30, 2012
9/12/2012Mandated Golder and Associates to Conduct the Environmental ...
7/7/2011Provides Additional Information Regarding Updated Resource E...
6/30/2011Announces 63,850 Tonnes of Indicated and 17,780 Tonnes of In...
6/6/2011Makes a Higher Value Rare Earths Concentrate from the Eudial...
5/30/2011Continues Its Metallurgical Optimization Tests Without Les H...
4/14/2008plans 8,000 metres for Matheson J-V
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (MAT.V)Other OTC (MTCEF)
0.025+0.00%0.020+0.00%
TSX-V
CA$ 0.025
07/04 12:49 -
0%
Prev close Open
0.025 0.025
Low High
0.025 0.025
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.025 -%
Volume 1 month var.
10,000 -%
24hGold TrendPower© : -8
Produces
Develops
Explores for Gold - Rare earth
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/9/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2018-16.67%0.040.02
2017-40.00%0.080.03
201666.67%0.110.02
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 5.52+0.36%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 3.18-1.55%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 2.39+3.02%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 0.97-3.96%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.92-9.80%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.03+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 1.87+1.08%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.43-0.69%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 6.75+3.85%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.08+14.29%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.09+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.15+0.47%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 12.16+3.93%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.05+12.20%Trend Power :