By: Frank Giorno www.mininglifeonline.net
2015-03-30
In what could amount to a controversial move Pele Mountain Resources Inc announced today that it has entered into a memorandum of understanding (MOU) with Sheng Kang Ning (Shanghai) Mining Investment Co. Ltd. of China (SKN) to jointly pursue the opportunity of developing rare earth element (REE) processing facilities at Pele's Eco Ridge property in Elliot Lake, Ontario. Pele President Al Shefsky stated, "We are delighted to enter into this MOU with SKN....
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