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As of 10:52 AM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).

matamec explorations inc (MAT) Snapshot

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05/23/14 - C$0.09
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matamec explorations inc (MAT) Details

Matamec Explorations Inc., a junior mining exploration company, primarily focuses on developing the Kipawa heavy rare earths deposit in Canada. It also explores for gold, base metals, platinum group metals, lithium and tantalum, and precious metals. The company holds a 100% interest in the Sakami, Zeus, Tansim, Valmont, and Vulcain properties in Quebec, as well as in the Matheson properties located in the East Timmins area, Ontario. It also holds a 51% interest in the Kipawa property and a 50% interest in the Wachigabau property in Quebec. Matamec Explorations Inc. was incorporated in 1997 and is headquartered in Montreal, Canada.

Founded in 1997

matamec explorations inc (MAT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$242.4K
Chief Financial Officer, Treasurer, Secretary...
Total Annual Compensation: C$105.0K
Compensation as of Fiscal Year 2013.

matamec explorations inc (MAT) Key Developments

Canada Strategic Metals Inc. and Matamec Explorations Inc. Reports the First Results from the Recent Drilling Program on the Sakami Gold Project

Canada Strategic Metals Inc. and Matamec Explorations Inc. reported the first results from the recent drilling program on the Sakami gold project. These new results confirm the extension to the Northwest of the Zone 25 envelope of gold mineralization. The program consisted of seven holes for a total of 2,025 metres of drilling. The program is aimed at increasing the size of the main gold zone (Zone 25) to the west-northwest, as well as its extension at depth. Zone 25 is in the La Pointe sector of the Sakami property. Once this program is complete, Zone 25 will have been tested over a strike length of more than 250 metres and to a depth of over 500 metres along its plunge. To date, the company has received the assay results for the two first holes, PT-15-84 and PT-15-85, drilled during the March 2015 program. These holes were planned to test the extension of the mineralized zone to the west and northwest, as well as down dip. Both holes returned wide gold-bearing intersections, including 1.29 g/t Au over 54.50 metres, including 3.03 g/t over 6.50 metres and 2.50 g/t Au over 7.50 metres from Hole PT-15-84, and 1.47 g/t over 45.50 metres, including 3.84 g/t Au over 7.50 metres and 1.74 g/t Au over 11.00 metres from Hole PT-15-85.

Matamec Explorations, Inc. Appoints Pierre Leblanc as an Independent Director

Matamec Explorations, Inc. announced that Pierre Leblanc has joined its Board of Directors as an independent director. Mr. Leblanc is the representative designated by Ressources Quebec inc. ("RQ") under the right of nomination it is granted by the Corporation in the context of RQ's total contribution to Matamec of $4 million, as announced on September 19, 2014, October 3, 2014 and January 26, 2015. Mr. Leblanc has 37 years' experience at KPMG, including 29 as an audit partner. He thus acquired an impressive track record as an auditor of Canadian and American public companies and was a securities audit partner in Canada. Mr. Leblanc directed the audit group for clients operating in the natural resources (forestry and mining) sector. He was also the leader of KPMG initiatives related to Quebec's Plan Nord. Pierre retired from KPMG on October 1, 2013.

Matamec Explorations, Inc. Announces the Creation of Joint Venture with Ressources Québec inc. for the Kipawa Deposit

Matamec Explorations Inc. announced the creation of a joint venture with Ressources Quebec inc. pursuant to a joint venture agreement entered into between the Corporation and RQ. The Joint Venture has been created in order to pursue the development of the Deposit. Through this transaction, the Corporation and RQ intend to achieve the following objectives: optimisation of metallurgical processes (including individual separation of rare earths) and building of a second pilot plant; updating of the Regulation 43-101 compliant feasibility study published in October 2013; continuation of environmental studies; continuation of the social acceptability process with aboriginal peoples; continuation of discussions with strategic industrial and financial partners.


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