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Last C$0.04 CAD
Change Today 0.00 / 0.00%
Volume 115.7K
GEM On Other Exchanges
As of 3:59 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

pele mountain resources inc (GEM) Snapshot

Previous Close
Day High
Day Low
52 Week High
04/6/15 - C$0.09
52 Week Low
12/5/14 - C$0.03
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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pele mountain resources inc (GEM) Details

Pele Mountain Resources Inc. is engaged in the exploration and development of mineral resource properties in Canada. It principally holds a 100% interest in the Eco Ridge Mine Rare Earths and Uranium project that consists of 394 mining claim units and 2 mining leases covering approximately 18,000 acres located in Elliot Lake, Ontario. The company is headquartered in Toronto, Canada.

pele mountain resources inc (GEM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$268.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$30.0K
Compensation as of Fiscal Year 2014.

pele mountain resources inc (GEM) Key Developments

Pele Mountain Resources Inc. Announces Resignation of Janis Peleshok from the Board

Pele Mountain Resources Inc. announced that Ms. Janis Peleshok, who joined Pele's Board of Directors in March 2014, has resigned effective immediately from Pele's Board, to focus on a new full time professional position.

Pele Mountain Resources Inc. Enters into Memorandum of Understanding with Sheng Kang Ning (Shanghai) Mining Investment Co. Ltd

Pele Mountain Resources Inc. ('Pele' or the 'Company') announced that it has entered into a Memorandum of Understanding with Sheng Kang Ning (Shanghai) Mining Investment Co. Ltd., ('SKN') to jointly pursue the opportunity of developing rare earth processing facilities at Pele's Eco Ridge property in Elliot Lake, Ontario. The MOU sets out the terms under which Pele and SKN (the "Parties") will work together, subject to the approval from relevant Chinese and Canadian government authorities, on an exclusive basis within Canada, to negotiate a definitive agreement (the "Definitive Agreement") to establish a joint venture for the sustainable development and operation of a monazite processing facility and downstream value added rare earth processing facilities, to be located on Pele's Eco Ridge Property. (Neither party shall be under any restriction with respect to carrying on such business outside Canada.) Under the MOU, the Parties will negotiate a Definitive Agreement that incorporates proposed terms, among others: a stated purpose to maximize financial benefits to both Parties through the sustainable development of continuous, reliable rare earth processing operations; The JV is to be owned 50.1% by SKN and 49.9% by Pele; SKN will use its processing technologies for the JV to process monazite concentrate (subject to approval of Chinese authorities) and Pele will lease a portion of its lands to the JV for construction of the Project, both on a commercial basis; SKN (or qualified third parties nominated by SKN) shall be retained by the JV to design and construct the processing facilities. The Definitive Agreement will set out the duties of SKN as operator of the processing facilities.

Pele Mountain Resources Inc. Approves Amendments to By-Laws

Pele Mountain Resources Inc. at its Annual and Special Meeting of Shareholders held on March 5, 2015, approved amendments to the company's By-Laws to permit and facilitate the use by the company of the Notice and Access provisions developed by the Canadian Securities Administrators.


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