Pele Mountain announced that it has granted a total of 2,650,000 incentive stock options to three (3) members of senior management of the Company, of which 250,000 are exercisable at $0.12 per share and expire on December 31, 2014. The remaining 2,400,000 management options were granted to the Company's President and CEO, of which 800,000 vest [...]
TORONTO, ONTARIO -- (Marketwire) -- 01/29/13 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") today announced additional results from the recent 13-hole drill program at its Eco Ridge Mine Rare Earths and Uranium Project at Elliot Lake, Ontario. Pele announced the initial results of the first seven holes [...]
TORONTO, ONTARIO -- (Marketwire) -- 01/17/13 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") today announced initial results from the recent drill program at its Eco Ridge Mine Rare Earths and Uranium Project at Elliot Lake, Ontario. Pele has completed a positive Preliminary Economic Assessment ("PEA [...]
TORONTO, ONTARIO -- (Marketwire) -- 01/08/13 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") is pleased to announce the execution of a definitive agreement whereby Pele will sell its Pigeon River project (the "Project") to Zara Resources Inc. (CNSX: ZRI) ("Zara") for a purchase price of $700,000 payable [...]
TORONTO, ONTARIO -- (Marketwire) -- 10/24/12 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") announced today that its bench scale metallurgical testing program has achieved a significant milestone with the production of a mixed rare earth carbonate concentrate along with uranium oxide ("U3O8"), also known [...]
TORONTO, ONTARIO -- (Marketwire) -- 10/16/12 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") today announced the arrival of two drill rigs and the commencement of a 6,500-metre drill program at its Eco Ridge Mine Rare Earths and Uranium Project at Elliot Lake, Ontario. Pele has completed a positive [...]
TORONTO, ONTARIO -- (Marketwire) -- 09/27/12 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM) (OTCQX: GOLDF) ("Pele" or the "Company") announced today that it has sampled up to 10.67-percent total rare earth oxides ("REO") in carbonatite and has discovered new rare earth bearing mineralized zones during an initial sampling program at its [...]
TORONTO, ONTARIO -- (Marketwire) -- 09/26/12 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") today announced that it has acquired a block of contiguous mining claims comprising approximately 186 acres (Pele's "Mountain Pass Project") that are surrounded by Molycorp's Mountain Pass rare earth property [...]
TORONTO, ONTARIO -- (Marketwire) -- 09/05/12 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") today reported the receipt of a letter of support from the Council of the City of Elliot Lake, Ontario, for the development of Pele's Eco Ridge Mine Rare Earths and Uranium Project.
TORONTO, ONTARIO -- (Marketwire) -- 07/04/12 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") today announced the filing of its updated NI 43-101 Preliminary Economic Assessment (the "PEA") on its Eco Ridge Mine Rare Earths and Uranium Project ("Eco Ridge" or the "Project"). The PEA was prepared by Roscoe [...]
TORONTO, ONTARIO -- (Marketwire) -- 06/01/12 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") announced today that the Company and its President and Chief Executive Officer, Alan L. Shefsky have negotiated a 4-year renewal of Mr. Shefsky's executive employment agreement (the "Executive Agreement"). The [...]
TORONTO, ONTARIO -- (Marketwire) -- 05/25/12 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") announced today that it has closed the second of two previously announced agreements relating to the sale of its Highland Gold project ("Highland" or the "Highland Project").
