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Pele Mountain Engages Jacob Securities for Advisory Services to Advance Eco Ridge Mine Rare Earth and Uranium Project
Published : February 27, 2013
( 0 vote, 0/5 ) Print article

TORONTO, ONTARIO--(Marketwire - Feb. 27, 2013) - Pele Mountain Resources Inc(News - Market indicators)(OTCQX:GOLDF) ("Pele" or the "Company") announced today that it has engaged Jacob Securities Inc. to provide financial advisory services to Pele as it advances its flagship Eco Ridge Mine Rare Earth and Uranium Project in Elliot Lake, Ontario.

Pele President Al Shefsky stated, "With the achievement of each project milestone, we continue to demonstrate that Eco Ridge can provide a secure and reliable long-term supply of critical rare earths and uranium. Our Elliot Lake location, outstanding local infrastructure, extensive and expandable resources, well understood geology and mineralogy, and our world-class development team are just a few of our many competitive advantages at Eco Ridge."

Mr. Shefsky continued, "We believe that the long term solution to financing development at Eco Ridge is likely to involve long term uranium off-take agreements with nuclear utilities and a strategic partnership with end-users of critical rare earths. We are confident that Jacob Securities can elevate our market profile within the sector and assist us in these efforts. We look forward to working with them."

Jacob Securities President and CEO Sasha Jacob added, "As the market for energy metals, including uranium and rare earths, has retrenched since 2011, the landscape has changed dramatically. Consistent with our long-standing view that being among the leaders in the race to production of critical rare earths outside of China is paramount to success in this sector, we believe the time is right to take a closer look at some of the lesser-known companies which, perhaps, have lower hurdles to production than some of their better-known peers. As such, we believe that Pele is a good fit for our firm and we look forward to working with them."

Jacob Securities Inc. is an independent full-service investment bank providing a wide range of services including underwriting, financial advisory services, research, market making and other services to companies in the renewable power, infrastructure, energy and mining sectors. The firm has comprehensive coverage of the complete energy spectrum, from renewable energy and clean technology to conventional utilities to oil and gas, and with particular focus in the energy related commodities, including uranium and rare earth. The Jacob Securities team has participated in more than $3-Billion in renewable equity financing. 

Jacob Securities will provide Pele with certain advisory services including market intelligence and market making support utilizing Jacob Securities' own capital. For these and related services, Pele will pay a monthly advisory fee of $10,000 per month. The initial term of the agreement is until July 15, 2013, following which, the agreement will be automatically renewed monthly until terminated in accordance with the terms of the agreement.

About Pele

Pele Mountain Resources is focused on the sustainable development of its 100-percent owned Eco Ridge Mine Rare Earth and Uranium Project. Eco Ridge is located in Elliot Lake, the only Canadian mining camp to have ever achieved commercial rare earth production. Elliot Lake was once the major source of heavy rare earth, yttrium and uranium production in North America. With well-understood geology, mineralogy, and metallurgy, excellent regional infrastructure, and strong local support, Eco Ridge is an ideal location for the development of a safe, secure, and reliable long-term supply of critical rare earths and uranium. Pele's shares are listed on the TSX Venture Exchange under the symbol "GEM" and on the OTCQX under the symbol "GOLDF".

For further information please visit the Pele website at

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Pele's future plans, objectives or goals, including words to the effect that Pele or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. The economic viability of the 43-101 mineral resource at Pele's Elliot Lake Project has not yet been demonstrated by a preliminary feasibility study.

Shares Outstanding: 153,151,246

Neither the 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.

Pele Mountain Resources Inc.
Al Shefsky
(800) 315-7353
Data and Statistics for these countries : China | All
Gold and Silver Prices for these countries : China | All

Pele Mountain Resources Inc

ISIN : CA7059071034
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In the News and Medias of Pele Mountain Resources Inc
10/24/2007 Advances Baseline Environmental Studies at Elliot Lake Uran...
2/26/2007Uranium Presentation
Financings of Pele Mountain Resources Inc
10/3/2013Announces Closing of Private Placement Offering
7/26/2013Announces Closing of Private Placement Offering
7/4/2013Announces Closing of Second Tranche of a Private Placement O...
Option Grants of Pele Mountain Resources Inc
12/21/2010Announces 1,700,000 Option Grants
Nominations of Pele Mountain Resources Inc
2/11/2014Nominates Janis Peleshok to its Board of Directors
11/27/2013John Wilkinson Former Ontario Cabinet Minister Joins Pele Mo...
11/7/2007 Appoints Fergus Kerr Vice-President of Uranium Operations t...
5/9/2007Appoints James Andersen as Chief Financial Officer and Renew...
Project news of Pele Mountain Resources Inc
10/9/2013Interview with Roger Payne P. Eng. Executive Vice President ...
9/12/2013(Eco Ridge)Reviews Economics at Its Eco Ridge Mine Rare Earth and Urani...
6/10/2013(Eco Ridge)Announces Major Increase in Uranium and Rare Earth Resources...
6/10/2013(Eco Ridge)Announces Major Increase in Uranium and Rare Earth Resources...
6/10/2013(Eco Ridge)Announces Major Increase in Uranium and Rare Earth Resources...
6/10/2013(Eco Ridge)Announces Major Increase in Uranium and Rare Earth Resources...
6/10/2013(Eco Ridge)Announces Major Increase in Uranium and Rare Earth Resources...
5/28/2013(Festival)Announces Reactivation of Festival Project Joint Venture Nea...
4/3/2013(Eco Ridge)to Update Eco Ridge Resource Estimate
2/27/2013(Eco Ridge)Engages Jacob Securities for Advisory Services to Advance Ec...
1/29/2013Hits Higher Grade Uranium & Rare Earths at Elliot Lake
1/17/2013(Eco Ridge)Drilling Expands Eco Ridge Deposit
10/16/2012(Eco Ridge)Begins 6,500-Metre Drill Program at Its Eco Ridge Mine Rare ...
9/27/2012Samples High Grade Rare Earths at Mountain Pass
9/26/2012Closes Acquisition of Mining Claims 1800 Metres from Molycor...
5/15/2012(Eco Ridge)Closes Highland Project Sale Agreement; Will Focus on Eco Ri...
4/17/2012(Eco Ridge)Enters Agreement to Sell Highland Gold Projects; Will Focus ...
4/16/2012(Eco Ridge)Announces Robust Updated PEA for Eco Ridge Mine Rare Earths ...
3/6/2012Enters Agreement to Acquire Rare Earth Mining Claims Surroun...
11/23/2011(Eco Ridge)Major Processing Design Improvements Boost Recovery of Criti...
10/13/2011(Eco Ridge)Announces Discovery of Continuous Rare Earths Mineralization...
9/7/2011(Eco Ridge)Files Preliminary Economic Assessment for Eco Ridge, Providi...
7/5/2011(Eco Ridge)Announces Preliminary Economic Assessment for Eco Ridge Mine...
5/26/2011(Eco Ridge)Launches 7,000 Metre Drill Program at Its Eco Ridge Mine Rar...
5/17/2011(Eco Ridge)Receives Mining Leases at Its Eco Ridge Mine Rare Earths and...
3/7/2011(Highland (east / West))Provides Gold Projects Update
3/7/2011(Ardeen)Provides Gold Projects Update
2/24/2011(Eco Ridge)Announces Total Rare Earth Oxide Resources of 52-Million Pou...
1/24/2011(Eco Ridge)Announces Major Increase in Indicated Resources at its Eco R...
1/4/2011(Eco Ridge)First-Ever Rare Earth Oxide Resource Estimate for Eco Ridge ...
9/28/2010(Eco Ridge)Projects Up to 218,000 Kilograms of Recoverable Rare Earth O...
9/16/2010(Eco Ridge)Reports Progress at Eco Ridge Mine Uranium and Rare Earth El...
9/13/2010(Eco Ridge)to Add Rare Earth Elements Resource Estimate in New NI 43-10...
6/25/2010(Highland (east / West))Initiates Permitting Process to Mine Gold Bulk Sample
3/4/2010(Highland (east / West))Hits High Grade Gold at Highland’s A-Zone
1/22/2010(Ardeen)New Drilling Hits High-Grade Gold on the Fisher Zone
1/18/2010(Highland (east / West))Begins Drilling at East Highland Gold Project
12/23/2009(Highland (east / West))Samples 14.76 g/t Gold Over 3.6 Metres at Its East Highland ...
12/11/2009(Highland (east / West))Samples 50 g/t Gold, 161 g/t Silver 4.3% Zinc, and 1.2% Lead...
12/3/2009(Ardeen)New Drilling Hits 11.6 Metres of 27 g/t Gold at Pele Mountai...
11/10/2009(Highland (east / West))Discovers New Mineralized Zones, Expands Others, at East Hig...
9/17/2009Finds More High-Grade Gold at East Highland
9/1/2009(Ardeen)Coventry Resources Commences Diamond Drilling at Pele Mounta...
8/11/2009(Highland (east / West))High-Grade Gold Discovery at Its Highland Project
7/27/2009(Eco Ridge)Signs Agreement With the City of Elliot Lake for Surface Rig...
4/27/2009(Ardeen)Enters Into Option Agreement for Ardeen Gold Project
4/21/2009(Eco Ridge)Accelerates Acquisition of Mining Claims at Eco Ridge Mine U...
3/19/2009(Highland (east / West))Rising Gold Price Prompts Pele to Reactivate Highland Projec...
1/9/2009(Eco Ridge)Advances Eco Ridge Mine Project - Extensive Drill Program Re...
1/8/2009(Sudbury)Wallbridge Mining Company to Continue Exploration at Pele Mo...
10/28/2008(Eco Ridge)Provides Eco Ridge Mine Project Update
9/9/2008(Eco Ridge)Initiates Permitting Process at Eco Ridge
8/26/2008(Eco Ridge)assembles team of uranium industry leaders to develop Eco Ri...
5/12/2008(Timmins - Whitney Township)Enters Into Option Agreement to Sell Its Timmins Nickel Proj...
5/2/2008(Eco Ridge)Launch Pre-Feasibility Study for Elliot Lake Uranium Mine Pr...
3/6/2008(Eco Ridge) Reports Additional Positive Drill Results from Its Elliot L...
2/13/2008(Eco Ridge)Identifies High Priority Geophysical Targets at its Elliot L...
1/25/2008(Eco Ridge)New Drill Results Expand Higher-Grade Zone at Pele Mountain'...
1/17/2008(Eco Ridge)Expands Exploration for Higher Grade Remobilized Uranium at ...
12/19/2007(Sudbury)Wallbridge Announces New Discoveries and Drill Plans at Pele...
11/28/2007(Eco Ridge)Targets Remobilized Uranium at Elliot Lake
10/12/2007(Eco Ridge)Publishes Positive Scoping Study for Uranium Mine Project at...
10/4/2007Achieves Major Milestone with Positive Scoping Study for Ura...
10/2/2007Announces Scoping Study for Its Elliot Lake Uranium Project ...
9/19/2007(Eco Ridge)Achieves Positive Results from 5,600-Metre Drill Program at ...
7/9/2007(Eco Ridge)Advances Mine Planning and Scoping Studies on 33-Million Pou...
5/30/2007(Eco Ridge)Expands Drilling at Elliot Lake Uranium Project
5/7/2007(Eco Ridge)Intersects High-Grade Uranium In Basal Conglomerate Bed at E...
5/2/2007(Eco Ridge)Expands Elliot Lake Uranium Project
5/1/2007(Eco Ridge)Drilling Confirms Near-Surface, Higher-Grade Uranium at Pele...
11/6/2006(Eco Ridge)Newly Consolidated Elliot Lake Project Contains Over 20 Mill...
1/26/2006hits more high grade gold at Talisker
Corporate news of Pele Mountain Resources Inc
6/5/2013Shareholders Approve All Matters Presented at the Annual and...
1/29/2013Intersects Higher-Grade Uranium & Rare Earths; Discovers Wid...
1/17/2013CEO Interviewed by Jeb Handwerger
1/7/2013President Interview with Asian Metal
10/24/2012(Eco Ridge)Achieves Processing Milestone: Mixed Rare Earth Concentrate ...
7/4/2012(Eco Ridge)Files Updated Preliminary Economic Assessment for Eco Ridge ...
1/31/2012Updated PEA on Schedule for Q1 2012
9/12/2011(Eco Ridge)Drilling Expands Eco Ridge Deposit Northward, Demonstrates S...
7/27/2011Roger Payne Named Executive Vice-President at Pele Mountain
7/21/2011(Eco Ridge)to Separate Gold Assets from Eco Ridge
5/3/2011Commences Trading in the United States on OTCQX Internationa...
11/11/2010Introduces Real-Time Rare Earth Element Market Data on Its C...
10/20/2010Rare Earth Elements May Be A Key To Its Future and Yours
9/10/2010Kitco eConference Invitation and Preview
5/17/2010Begins Drilling Ni-Cu-PGE Targets at Pigeon River
4/29/2010to Drill Ni-Cu-PGE Targets at Pigeon River
5/3/2010Coventry Resources Reports Winter Drill Results from Pele Mo...
3/5/2010Completes VTEM Survey at Pigeon River, Identifies Several Pr...
1/7/2010Acquires Property in Thunder Bay Area with High Potential fo...
10/7/2009Confirms Significant Rare Earth Mineralization at Its Eco Ri...
9/15/2009CEO Al Shefsky Provides Update to Shareholders
8/5/2009Initiates Long-Term Research Study to Minimize Environmental...
2/5/2009Letter to Shareholders
2/5/2008Completes Acquisition of the Westward Extension of the Histo...
11/5/2007Joins uranium Production Visibility group
10/29/2007 Resumes Drilling at Its Elliot Lake Uranium Mine Project
7/26/2007Retains O&M Partners for Investor Relations
5/3/2007Announces Plan to Optimize Corporate Structure
4/27/2007Featured in Northern Miner Article
4/17/2007Expands Elliot Lake Uranium Project
3/29/2007Advances Mine Planning Studies on 33-Million Pound Uranium O...
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