SourcingLink.net is an exploration and development company
with a portfolio of claims containing rare metals and rare earth elements. The
company’s primary exploration property, the Eldor Project, is located in
Quebec, Canada, which is recognized as one of the most favorable mining
jurisdictions in the world. In total, the Eldor Project consists of 34
individual mining claims covering an area of nearly 4,000 acres throughout the
region.
In recent months, SNET has made considerable progress in the
exploration and development of its promising leasehold. In May, the company
announced its discovery of rare earth mineralization on the property, confirming
the commercial potential of the project moving forward. Earlier this month,
SNET outlined a comprehensive four phase exploration plan to further study the
area and continue identifying its production potential. The company plans to
begin the first phase of its plan, which focuses on prospecting and identifying
new targets, in the coming weeks.
“We are thrilled to be sending a team back up to the Eldor
property,” Anne Carioti, chief executive officer of SNET, stated in a news
release. “Last year showed us SNET is on the right track, even with the limited
time in the area due to snow. More sampling and targeting will help the second
phase be even more productive.”
With an established presence in the rare earth elements
industry, SNET is in a strong position to capitalize on the continued growth of
the market in the months to come. In addition to playing a key role in the
technology industry, rare earth elements have become an increasingly prominent
concern for the U.S. government. According to the Department of Defense’s (DoD)
2015 stockpile report, a number of these important minerals will need to be
stockpiled in order to address future defense-related needs.
“This report is just further validation of what we at our
company already believe… [I]t is important for us to continue work on our
property and prepare for mining materials that are commercially viable,
necessary and, as we also read in the DoD report, strategic for our country,”
stated Chuck Wagner, president of SNET.
Despite the limited mining season due to winter weather,
SNET is making strong progress toward the development of its promising
leasehold. For prospective shareholders, the company’s growing presence in the
vital rare earth elements industry makes it an intriguing investment opportunity.
For more information, visit www.sourcinglink.org
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment