Focus sells half of its Kwyjibo REE project to Quebec
Exploration company Focus Graphite has completed a definitive asset purchase agreement for the sale of the company’s 50% interest in the Kwyjibo rare-earth elements project to Investissement Québec for C$7.24-million.
The Kwyjibo property consists of 116 map-designated claims covering an area of 6 283.5 ha, located a few kilometres north of Manitou Lake.
The Kwyjibo claim block is also located 25 km east of the Québec North Shore and Labrador rail line and is accessible by air from float plane and helicopter bases located in or near Sept-Îles.
“We believe the sale of this asset will unlock significant value to our shareholders and allow Focus Graphite to prioritise its resources on the remaining projects in the company’s development pipeline,” said CEO Gary Economo.
Meanwhile, Focus said that, subject to exchange approval, it would seek to convert up to $1.5-million of loans, owing to two of its directors, to shares at $0.02 a share.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation