Quebec Rare Earth Elements Corp (QQREF)

[alchemytrader]

CRUUF NEWS Out:


VANCOUVER, British Columbia, April 17, 2018 (GLOBE NEWSWIRE) -- Cameo Resources Corp. (TSX Venture:CRU) (OTC:CRUUF) (FWB:SY7D) (the “Company” or “Cameo Resources”) is pleased to note Softbank Group Corp’s intentions to invest up to $99,075,000 to acquire up to 9.9% of Nemaska Lithium Inc.’s outstanding common shares.

Nemaska Lithium Inc. holds the Whabouchi Lithium deposit claims, which extend to within 1 km of Cameo’s Montagne Lake Property in central Québec.

Nemaska Lithium’s Whabouchi lithium deposit is one of the most important spodumene lithium deposits in the world and Nemaska Lithium is currently raising funds for the construction and commissioning of its proposed Whabouchi Mine and Shawinigan Plant project.


softbank buying 9.9% of co. for $99mil