Matamec's Kipawa HREE Project Strategically Positioned to Benefit from Quebec's Electrification of Transport as per KPMG-SECO...
03 Février 2014 - 3:37PM
Marketwired
Matamec's Kipawa HREE Project Strategically Positioned to Benefit
from Quebec's Electrification of Transport as per KPMG-SECOR Study
- Heavy rare earths, now a geostrategic resource in Quebec
MONTREAL, QUEBEC--(Marketwired - Feb 3, 2014) - According to a
KPMG-SECOR study commissioned by Matamec Explorations Inc.
("Matamec" or the "Company") (TSX-VENTURE:MAT)(OTCQX:MHREF) and
Toyotsu Rare Earth Canada (TRECan), Quebec has assets to overcome
the challenges associated with the deployment of electric cars.
Rare earths, and most notably heavy rare earths, are essential
materials in components of electric motors and batteries.
In addition to having geostrategic resources and the ability to
produce electricity inexpensively, Quebec can count on several
companies and research centers to promote the electric car
industry. Quebec is among the pioneers in Canada in regards to the
implementation of the necessary infrastructure for electric cars,
such as workplace plug-in stations. One of the challenges of the
production of electric cars is that over 95% of the heavy rare
earths are produced in China, resulting in a significant risk of
supply of these materials. Quebec has the potential to become a
strategic producer of these critical resources.
According to the results of the KPMG-SECOR study, a reasonable
scenario in the Quebec market would see 165,000 electric vehicles
by 2020, adding $107 million to Quebec's economy and creating 1,800
jobs. In addition, about 181 million liters of gasoline would be
substituted by the use of 256 GWh of electricity and CO2 emissions
would be reduced by 415 kilotons. Note that the Quebec government
2011-2020 Action Plan for Electric Vehicles sets the goal
of reaching 300,000 electric cars in Quebec by 2020.
"The electrification of transportation is now the center of
Quebec's development strategy and Matamec is well positioned to
become the first heavy rare earth mining project in Quebec and
Canada," says André Gauthier, President and CEO of Matamec. "Kipawa
would, alone, produce 9% of the world consumption of heavy rare
earths outside China."
For the SECOR-KPMG study
About Matamec
Matamec Explorations Inc. is a junior mining exploration company
whose main focus is in developing the Kipawa HREE deposit with
TRECan.
In parallel, the Company is exploring more than 35 km of strike
length in the Kipawa Alkalic Complex for rare
earths-yttrium-zirconium-niobium-tantalum mineralization on its
Zeus property. Since 2007, Matamec discovered eight (8) new rare
earth showings. Particularly, it drilled the PB-PS Zone in the fall
of 2012 and identified
Eudialyte-Mosandrite/Yttro-Titanite/Britholite mineralization
similar to those found at the HREE Kipawa Deposit. This type of
mineralization is presently known over a length of 200 metres and
is open laterally and at depth. This mineralized zone is 2.3 km SW
of the Kipawa deposit and a soil anomaly seems to connect the two.
The Company plans to drill these extensions later this year.
The Company is also exploring for gold, base metals and platinum
group metals. Its gold portfolio includes the Matheson JV property
located along strike and in close proximity to the Hoyle Pond Mine
in the prolific gold mining camp of Timmins, Ontario. In Quebec,
the Company is exploring for lithium and tantalum on its Tansim
property and for precious and base metals on its Valmont and
Vulcain properties. Matamec signed in August 2013 an option
agreement where Canada Strategic Metals can acquire an interest of
up to 50% in the Sakami gold project, located in the James Bay
region of northern Quebec by committing $2.25 million in
exploration work including $500,000 in the first year of drilling -
assays will be upcoming soon.
Cautionary Statement Concerning Forward-Looking Statements
This news release contains "forward-looking information"
within the meaning of Canadian Securities legislation. Generally,
forward-looking statements can be identified by the use of
forward-looking terminology such as "scheduled", "anticipates",
"expects" or "does not expect", "is expected", "scheduled",
"targeted", or "believes", or variations of such words and phrases
or state that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are based on assumptions management
believes to be reasonable at the time such statements are made.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. Although Matamec has attempted to identify important
factors that could cause actual results to differ materially from
those contained in forward-looking statements, there may be other
factors that cause results not to be as anticipated, estimated or
intended. Factors that may cause actual results to differ
materially from expected results described in forward-looking
statements include, but are not limited to those risk factors set
out in the Company's year-end Management Discussion and Analysis
dated December 31, 2012 and other disclosure documents available
under the Company's profile at www.sedar.com. Forward-looking
statements contained herein are made as of the date of this news
release and Matamec disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results or otherwise, except as required by
applicable securities laws.
"Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Andre Gauthier, President(514)
844-5252514-844-0550info@matamec.comEdward Miller, Director IR(514)
844-5252 ext.
205514-844-0550edward.miller@matamec.comwww.matamec.com
Matamec Explorations Inc. (TSXV:MAT)
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