Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
In the same category
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
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   China | Commodities | Gem | Market | Oil | Paramount | Rare Earth | Uranium |

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 www.pelemountain.com.

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
President
(800) 315-7353
www.pelemountain.com
Companies Mentionned : Canadian Mining | Energy Metals | Energy X X I | Metals X | Strategic |
Data and Statistics for these countries : China | All
Gold and Silver Prices for these countries : China | All

Pele Mountain Resources Inc

DEVELOPMENT STAGE
CODE : GEM.V
ISIN : CA7059071034
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

Pele Mountain Res. is an exploration and uranium company based in Canada.

Pele Mountain Res. develops rare earth in Canada, and holds various exploration projects in Canada.

Its main asset in development is ECO RIDGE in Canada and its main exploration properties are HIGHLAND (EAST / WEST), ARDEEN, ALLIANCE, SUDBURY and FESTIVAL in Canada.

Pele Mountain Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 6.3 millions as of today (US$ 4.9 millions, € 4.3 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.62, and its lowest recent point on August 24, 2016 at CA$ 0.03.

Pele Mountain Res. has 209 396 930 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Pele Mountain Resources Inc
5/25/2015Announces Closing of Private Placement
4/13/2015Announces Closing of Private Placement
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...
Nominations of Pele Mountain Resources Inc
11/27/2013John Wilkinson Former Ontario Cabinet Minister Joins Pele Mo...
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...
10/13/2011(Eco Ridge)Announces Discovery of Continuous Rare Earths Mineralization...
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...
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 ...
9/16/2010(Eco Ridge)Reports Progress at Eco Ridge Mine Uranium and Rare Earth El...
3/4/2010(Highland (east / West))Hits High Grade Gold at Highland’s A-Zone
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...
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
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 ...
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...
1/26/2006hits more high grade gold at Talisker
Corporate news of Pele Mountain Resources Inc
7/5/2016Pele Mountain to Sell Its Ardeen Gold Project
5/4/2016Pele Mountain Provides Update on Development Plans and Progr...
3/11/2016Pele Mountain Shareholders Approve All Matters Presented at ...
2/24/2016Pele Mountain Announces Proposed Shares for Debt Settlement
2/5/2016Pele Mountain Announces Closing of Private Placement
1/15/2016Pele Mountain Resources Appoints Wayne Richardson as Chairma...
12/10/2015Pele Mountain Launches Eco Ridge Development Corporation, Ap...
11/20/2015Pele Mountain Announces Closing of Private Placement
10/7/2015Pele Mountain Announces Option Grants
10/1/2015Pele Mountain Provides an Update on its Eco Ridge Monazite P...
8/19/2015Rare-earth elements are poised for a recovery
7/28/2015Pele Mountain Advances Cogent Solution to Rare Earth Industr...
6/9/2015Pele Mountain Announces Resignation of Board Director
6/8/2015Pele Mountain Announces Option Grants
5/25/2015Pele Mountain Announces Closing of Private Placement
5/6/2015Pele Mountain MOU with SKN Gains Support From All Three Leve...
4/24/2015Pele Mountain Announces Closing of Private Placement
4/13/2015Pele Mountain Announces Closing of Private Placement
3/30/2015Pele Mountain Executes MOU with Major Chinese Rare Earth Pla...
3/30/2015IIROC Trading Resumption - GEM
3/30/2015Executes MOU with Major Chinese Rare Earth Player to Pursue ...
3/30/2015IIROC Trading Halt - GEM
3/5/2015Pele Mountain Shareholders Approve All Matters Presented at ...
3/5/2015Shareholders Approve All Matters Presented at the Annual and...
2/17/2015Pele Mountain Advances Monazite Recycling Strategy to Kick-S...
2/12/2015Pele Mountain Announces Option Grants
12/24/2014Pele Mountain Announces Closing of Private Placement
12/2/2014The Council of the City of Elliot Lake Supports Pele Mountai...
11/7/2014Pele Mountain Announces Proposed Shares for Debt Settlement
10/7/2014Pele Mountain Expands its Business Model to Include Recyclin...
9/25/2014Pele Mountain Appoints Martin S. Cooper As Vice President of...
9/17/2014Gemfields adds Sapphires from Sri Lanka to Colored Gemstone ...
9/11/2014Pele Mountain Acquires Key Mining Lease in Elliot Lake
9/2/2014Pele Mountain Announces Collaboration with Canmet to Advance...
7/8/2014Pele Mountain Participates in Regional Roundtable Discussion...
6/25/2014Parliamentary Committee on Natural Resources Publishes "The ...
6/24/2014Pele Mountain Announces Closing of Private Placement
5/9/2014Pele Mountain Announces Closing of Private Placement Offerin...
5/2/2014Pele Mountain Announces Closing of First Tranche of Private ...
5/1/2014Pele Mountain Announces Closing of First Tranche of Private ...
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...
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...
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...
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...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (GEM.V)Other OTC (PMNHF)
0.030+0.00%0.030+0.00%
TSX-V
CA$ 0.030
08/24 14:21 -
0%
Prev close Open
0.030 0.030
Low High
0.030 0.030
Year l/h YTD var.
0.030 -  0.060 -14.29%
52 week l/h 52 week var.
0.030 -  0.060 -25.00%
Volume 1 month var.
7,000 -%
24hGold TrendPower© : -4
Produces
Develops Rare earth
Explores for Diamonds - Gold - Platinum - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/13/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
DateVariationHighLow
2016-25.00%0.060.03
20150.00%0.090.03
20140.00%0.100.03
2013-20.00%0.100.04
2012-58.33%0.180.05
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Adamera MineralsADZ.V
Adamera Minerals Starts Work Program on Lambert Creek Property
CA$ 0.11-8.33%Trend Power :
Radisson Mining(Cu-Zn-Mo)RDS.V
Radisson intersects 16.15 g/ 2Ft gold over 3.0m in lateral extension of current mineral resource of t
CA$ 0.16-8.33%Trend Power :
Vectren(Ngas)VVC
Vectren Announces Addition to Investor Relations Team
US$ 50.09-0.48%Trend Power :
Noble Mineral Exploration Inc.NOB.V
Noble Announces Best Efforts Private Placement of $1,250,000 10% Convertible Debentures
CA$ 0.02-20.00%Trend Power :
Midas(Au)MDS.AX
to Initiate Drill Program on its Stibnite Gold Project
AU$ 0.15+0.00%Trend Power :
Troy Res.(Ag-Au-Cu)TRY.AX
Investor Presentation
AU$ 0.42-9.68%Trend Power :
Trina SolarTSL
Announces Second Quarter 2016 Results
US$ 10.52-0.19%Trend Power :
Yingli GreenYGE
Yingli Green Energy Reports Second Quarter 2016 Results
US$ 3.99-2.21%Trend Power :
Carbon Energy(Ur-Au)CNX.AX
Carbon Energy announces CEO appointment
AU$ 0.02+0.00%Trend Power :
Fortescue Metals(Fe)FMG.AX
Appendix 4G Key to Corporate Governance Disclosures
AU$ 4.79-4.77%Trend Power :
Fortescue Metals(Fe)FMG.AX
Corporate presentation FY16 results
AU$ 4.79-4.77%Trend Power :
Fortescue Metals(Fe)FMG.AX
Media release FY16 results
AU$ 4.79-4.77%Trend Power :
Fortescue Metals(Fe)FMG.AX
Notification of dividend / distribution August 2016
AU$ 4.79-4.77%Trend Power :
Fortescue Metals(Fe)FMG.AX
FY16 Annual Report including Appendix 4E
AU$ 4.79-4.77%Trend Power :
Sayona Mining LTDSYA.AX
Investor Presentation 17 August 2016
AU$ 0.02-4.35%Trend Power :
Sayona Mining LTDSYA.AX
Portfolio Rationalisation to Focus on Authier Development 16 August 2016
AU$ 0.02-4.35%Trend Power :
Strategic Min(ag-au-cu)SMC.AX
2016 Woolgar Gold Exploration Program Underway (PDF - 245 Kb)
AU$ 0.32-3.03%Trend Power :
Imdex(Oil)IMD.AX
Full Year Results Announcement
AU$ 0.60-2.42%Trend Power :
Imdex(Oil)IMD.AX
Preliminary Final Report
AU$ 0.60-2.42%Trend Power :
Bluescope Steel LTDBSL.AX
FY2016 Full Year Appendix 4E, Directors Report and Accounts
AU$ 8.97-1.10%Trend Power :