TORONTO, ONTARIO -- (Marketwire) -- 05/15/12 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") announced today that it has closed the first of two previously announced (April 17, 2012) agreements relating to the sale of its Highland Gold projects ("Highland" or the "Project") to a wholly-owned subsidiary [...]
TORONTO, ONTARIO -- (Marketwire) -- 04/17/12 -- Pele Mountain Resources Inc. (TSX VENTURE: GEM)(OTCQX: GOLDF) ("Pele" or the "Company") announced today that it has entered into a binding agreement to sell its Highland Gold projects ("Highland" or the "Project") to a wholly-owned subsidiary of Prodigy Gold Inc. (TSX VENTURE: PDG) ("Prodigy") for [...]
Pele Mountain today announced results of an updated NI 43-101 Preliminary Economic Assessment on its Eco Ridge Mine Rare Earths and Uranium Project. The PEA was prepared by Roscoe Postle Associates and demonstrates that Eco Ridge has excellent potential to become a profitable producer of rare earths and U3O8. Since publication of its previous PEA [...]
Pele Mountain Resources Inc. today announced that it has entered into a binding Purchase and Sale Agreement to purchase 11 contiguous mining claims, which are surrounded by Molycorp's Mountain Pass rare earth property in south-eastern California. The seller of the Simon Rare Earth Claims is a company owned by the family of Peter Simon II, the son [...]
Pele Mountain Resources Inc. today provided an update on its Eco Ridge Mine Rare Earths and Uranium Project in Elliot Lake, Ontario. Pele reports significant progress toward the completion of its updated Preliminary Economic Assessment ('PEA'), which will feature an updated resource estimate and an all-new processing circuit designed to optimize [...]
