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Pele Mountain enters agreement to acquire rare earth mining claims surrounded by Molycorp, 1800 metres from the Mountain Pass Mine

Marketwire - Mining and Metals | March 06, 2012 | 2:00 pm Battery Metals Canada Europe Rare Earth 

TORONTO, ONTARIO--(Marketwire - March 6, 2012) - Pele Mountain Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF) ("Pele" or the "Company") today announced that it has entered into a binding Purchase and Sale Agreement (the "Agreement") to purchase 11 contiguous mining claims (the "Simon...

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