Pele Mountain Resources Inc. (TSXV:GEM,OTCQX:GOLDF) announced a support letter from the City Council of Elliot Lake in Ontario for Pele’s Eco Ridge rare earths and uranium project.
As quoted in the press release:
Eco Ridge has competitive advantages that may enable its development ahead of other rare earth projects, including:
- It is located in Elliot Lake, a proven mining camp with outstanding regional infrastructure including roads, railway, power, natural gas, airport and deepwater ports. Elliot Lake has produced more than 300 million pounds of U3O8 and is the only Canadian mining camp to have achieved commercial REO production.
The City Council Letter said:
As we have repeatedly stated on-record, the City of Elliot Lake promotes and encourages economic development including the responsible development of mining operations that can deliver sustainable, long-term benefits to our community. The involvement of these talented and experienced mining professionals (Pele’s Executive V-P Roger Payne and consulting engineers with long-term ties to Elliot Lake) promotes our confidence that your project will be advanced according to the highest industry standards. We hereby express our support for the development of the Eco Ridge Mine Rare Earths and Uranium Project.